Triveni Engineering and Industries Ltd

Rolls-Royce Marine North America Inc. and Triveni Engineering and Industries have signed a Memorandum of Understanding (MoU) to explore opportunities to collaborate on programmes for 4MW marine gas turbine generators (GTG) for customers in India. This would include several key areas including design, development and manufacturing of the marine GTGs, as well as comprehensive sales and support activities. John Shade, EVP for US Business Development and Future Programmes, Rolls-Royce Defence, said: 'Rolls-Royce has a proven track record of powering some of the world's most advanced naval platforms, including the U.S. Navy's DDG-51 destroyer. India is a key strategic growth market for RollsRoyce and we are confident that our industry-leading marine gas turbine generators are an ideal choice to power the Indian Navy's future fleet.' Tarun Sawhney, Vice Chairman & Managing Director, Triveni Engineering & Industries (Triveni) said: 'We are excited with this technology collaboration with Rolls-Royce for indigenously manufacturing their cutting-edge proven marine gas turbine generators in India. Such a partnership can not only help us bring advanced technology to power India's naval defence requirements, but also help enhance the capability of indigenous naval defence ecosystem in the country. Building on five decades of expertise and experience in rotary engineering and engineered solutions, and riding on India's indigenisation journey, our Defence business has emerged as a preferred supplier to the Indian Navy and Indian Coast Guard with superior technologies and capabilities. Our expertise lends the versatility needed to take on the development of a range of engineered equipment and systems for different applications. We are also setting up a new multi-modal Defence facility with largescale infrastructure for manufacture, integration and testing of various naval marine equipment.'Powered by Capital Market - Live

John Shade, EVP for US business development and future programs at Rolls-Royce Defense, said, 'Rolls-Royce has a proven track record of powering some of the world's most advanced naval platforms, including the U.S. Navy's DDG-51 destroyer. India is a key strategic growth market for RollsRoyce, and we are confident that our industry-leading marine gas turbine generators are an ideal choice to power the Indian Navy's future fleet.' Tarun Sawhney, vice chairman & managing director of Triveni Engineering & Industries (Triveni), said, 'We are excited with this technology collaboration with Rolls-Royce for indigenously manufacturing their cutting-edge proven marine gas turbine generators in India. Such a partnership can not only help us bring advanced technology to power India's naval defense requirements but also help enhance the capability of the indigenous naval defense ecosystem in the country. Building on five decades of expertise and experience in rotary engineering and engineered solutions and riding on India's indigenization journey, our defense business has emerged as a preferred supplier to the Indian Navy and Indian Coast Guard with superior technologies and capabilities. Our expertise lends the versatility needed to take on the development of a range of engineered equipment and systems for different applications. We are also setting up a new multi-modal defense facility with large-scale infrastructure for the manufacture, integration, and testing of various naval marine equipment.' Triveni Engineering & Industries (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol, power transmission, and water. The company is one of India's largest integrated sugar manufacturers and one of the largest ethanol manufacturers, while making significant contributions in power transmission and in water & wastewater treatment solutions. Triveni Engineering & Industries' consolidated net profit tumbled 69.02% to Rs 42.57 crore in Q3 FY25, compared to Rs 137.40 crore in Q3 FY24. Revenue from operations (excluding excise duty) declined 3.27% YoY to Rs 1,268.32 crore during the quarter ended 31 December 2024. Powered by Capital Market - Live

Revenue from operations (excluding excise duty) declined 3.27% YoY to Rs 1,268.32 crore during the quarter ended 31 December 2024. Profit before tax from continuing operations stood at Rs 57.56 crore in the December 2024 quarter, down 68.39% from Rs 182.09 crore in the same quarter last year. In Q3 FY25, EBITDA stood at Rs 101 crore, recording de-growth of 53% from Rs 214.9 crore posted in same quarter last year. EBITDA margin contracted to 8% in Q3 FY25 from 16.4% posted in Q3 FY24. Revenue from the sugar business slipped 9.5% to Rs 929.5 crore in Q3 FY25 from Rs 1,027 crore in Q3 FY24, due to lower sugar sales volume and lower realization price. Alcohol (distillery) businesses reported revenue (net of excise duty) of Rs 320.9 crore during the quarter, up 4.4% compared with Rs 307.3 crore in Q3 FY24. Production declined 4.1% YoY to 42,492 KL, while sales volumes declined 3% to 42,505 KL in Q3 FY25 over Q3 FY24. Alcohol from molasses-based feedstocks formed 48% and 49% of total sales in Q3 FY 25 and 9M FY 25 as against 73% and 67% in the corresponding periods of the previous year. These primarily consist of relatively high-margin ethanol. On the other hand, the sales volume of low-margin ethanol produced from maize operations increased substantially. Revenue from the power transmission business increased 3.3% to Rs 73.4 crore in Q3 FY25 from Rs 71.1 crore posted in the same quarter last year, due to shifting of some large orders to the next quarter. The outstanding order book reached an all-time high of Rs 377.1 crore as of 31 December 2024, including long-duration orders of Rs 136.6 crore. Further, revenue from the water business dropped 7.6% to Rs 49.1 crore in Q3 FY25 from 53.2 crore in Q3 FY24, due to lower order booking in previous quarters along with challenges in certain projects under execution. The outstanding order book as of 31 December 2024 stood at Rs 1,979.2 crore, which includes Rs 1,122.6 crore towards O this increased by 52.4% on a year-on-year basis and reached an all-time high for the company. On the sugar realization and profitability front, we believe the recent announcement by the government permitting sugar exports of 1 million tonne and a favorable domestic sugar balance sheet should lead to improvement from current levels, for which early signs are already visible. In December 2024, the company announced the scheme for amalgamation with SSEL and demerger of the Power Transmission business, which is expected to enhance value discovery and operational efficiencies. This development reflects an ongoing commitment to delivering sustainable growth and long-term returns to our stakeholders.' Meanwhile, the company's board approved the reappointment of Dhruv M. Sawhney as Managing Director (designated as Chairman & Managing Director) for a further five-year term, effective from 31 March 2025 to 30 March 2030, subject to shareholder approval via a special resolution. Triveni Engineering & Industries (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol, power transmission, and water. The company is one of India's largest integrated sugar manufacturers and one of the largest ethanol manufacturers, while making significant contributions in power transmission and in water & wastewater treatment solutions. Shares of Triveni Engineering & Industries shed 0.67% to Rs 377.50 on the BSE.Powered by Capital Market - Live

Net profit of Triveni Engineering and Industries declined 64.98% to Rs 48.12 crore in the quarter ended December 2024 as against Rs 137.40 crore during the previous quarter ended December 2023. Sales declined 3.27% to Rs 1268.32 crore in the quarter ended December 2024 as against Rs 1311.18 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1268.321311.18 -3 OPM %6.0814.71 - PBDT90.58208.25 -57 PBT57.56182.09 -68 NP48.12137.40 -65 Powered by Capital Market - Live

Triveni Engineering and Industries will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

Godfrey Phillips India Ltd, Suven Pharmaceuticals Ltd, Balaji Amines Ltd and Thermax Ltd are among the other losers in the BSE's 'A' group today, 30 December 2024.Triveni Engineering and Industries Ltd tumbled 9.42% to Rs 452.25 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.37 lakh shares were traded on the counter so far as against the average daily volumes of 63414 shares in the past one month.Godfrey Phillips India Ltd crashed 9.20% to Rs 4779.55. The stock was the second biggest loser in 'A' group.On the BSE, 3755 shares were traded on the counter so far as against the average daily volumes of 5439 shares in the past one month.Suven Pharmaceuticals Ltd lost 8.44% to Rs 1068.85. The stock was the third biggest loser in 'A' group.On the BSE, 16494 shares were traded on the counter so far as against the average daily volumes of 7943 shares in the past one month.Balaji Amines Ltd plummeted 6.97% to Rs 1810. The stock was the fourth biggest loser in 'A' group.On the BSE, 14101 shares were traded on the counter so far as against the average daily volumes of 3023 shares in the past one month.Thermax Ltd slipped 6.37% to Rs 4104.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 4059 shares were traded on the counter so far as against the average daily volumes of 2736 shares in the past one month.Powered by Capital Market - Live

Net loss of Triveni Engineering and Industries reported to Rs 19.20 crore in the quarter ended September 2024 as against net profit of Rs 29.11 crore during the previous quarter ended September 2023. Sales rose 5.83% to Rs 1490.95 crore in the quarter ended September 2024 as against Rs 1408.84 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1490.951408.84 6 OPM %0.314.45 - PBDT1.8864.92 -97 PBT-30.2639.16 PL NP-19.2029.11 PL Powered by Capital Market - Live

Triveni Engineering and Industries will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live