Q3 2025 Triveni Engineering and Industries Ltd Earnings Call Transcript
Key Points
- Triveni Engineering & Industries Ltd (BOM:532356) reported a 3.6% increase in revenues from operations for the nine-month period, reaching INR4,060 crores.
- The company's Power Transmission and Water business order book registered a strong growth, with a combined closing order book of INR2,356 crores, marking a 52.5% year-on-year increase.
- The Board announced an incremental CapEx of INR60 crores for enhancing capacity in the Power Transmission business, aiming to increase gears capacity to INR700 crores by September 2026.
- The sugar business anticipates a 15% increase in cane crush this year on a consolidated basis, indicating a promising outlook for the ongoing sugar season.
- The ethanol blending percentage for '24-'25 stood at 16.5% as of December 31, with some regions expected to reach 20%, showcasing progress in the ethanol blending program.
- Overall profitability was subdued due to lower margins in the Sugar and Alcohol businesses, with sugar prices in Q3 fiscal '25 being particularly low.
- The initial recovery trends for the ongoing sugar season were on the lower side due to inclement weather and degeneration of the 238 variety of sugarcane.
- The Alcohol business faced lower profitability due to a lower sales volume of high-margin ethanol produced from molasses and a shortage of molasses-based feedstocks.
- The Water business experienced a decline due to delays in receipt of new orders and slow execution in certain projects, impacting overall performance.
- The net debt on a consolidated basis stood at INR960 crores as of December 30, '24, with a marginal increase in the overall cost of funds.
Ladies and gentlemen, good day, and welcome to the Triveni Engineering & Industries Limited Q3 and 9M FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Rishab Barar from CDR India. Thank you, and over to you, sir.
Thank you. Good day, everyone, and a warm welcome to all of you participating in the Triveni Engineering & Industries Q3 and nine months FY25 earnings conference call. We have with us today Mr. Tarun Sawhney, Vice Chairman and Managing Director; Mr. Suresh Taneja, Group CFO; Mr. Sameer Sinha, CEO of Sugar Business Group as well as other members of the senior management team.
Before we begin, I would like to mention that some statements made in today's discussion may be forward-looking in nature, and a statement of this effect has been included in the invite, which was shared with everyone earlier. I would also like to emphasize that while this call is open to all invitees, it may not be
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