Triveni Engineering & Industries earnings calls.

Triveni Engineering delivered a robust FY26 with revenue of 6,291 croresCurrent reported value: 6,291 crores. No comparable prior figure is available in the source record. (+10.6Current reported value: 10.6. No comparable prior figure is available in the source record.% YoY) and PAT of 268.7 croresCurrent reported value: 268.7 crores. No comparable prior figure is available in the source record. (+12.8Current reported value: 12.8. No comparable prior figure is available in the source record.% YoY), driven by strong sugar and distillery segments. The distillery business achieved its highest-ever production and sales, with EBITDA margins expanding significantly due to lower maize costs and supply chain optimization. The power transmission business faced a Q4 blip due to geopolitical delays and OEM acceptance issues, though order bookings rose 25% to nearly 500 croresCurrent 500 crores. Reported change: +25% YoY., providing clear revenue visibility. The demerger of Triveni Power Transmission (listing expected end-August 2026) represents a strategic inflection point. Key risks include El Niño impact on monsoon patterns affecting sugarcane yields in Western UP (where crushing fell 17%), potential government policy shifts on ethanol feedstock allocation, and competitive intensity from global gearbox players. The 300 crore capex programCurrent reported value: 300 crore capex program. No comparable prior figure is available in the source record. for gearboxes (output potential of 700 crores) remains on track for September 2026 completion, with defense facility now fully operational.