Triveni Engineering And Industries Limited · NSE:TRIVENI
Triveni Engineering And Industries — Q3 FY2025 Earnings Presentation
78 slides from Triveni Engineering And Industries's earnings presentation, February 2025
Slide 1: Intimation letter to stock exchanges for Q3 & 9M FY25 presentation
-l~· p,vlln,· ENGINEERING & INDUSTRIES LTD. ~ +91 1204308000 ••• +91 120431-1010/11 e www.trivenigroup.com REF: TEIL:SE: D ate: e ruary, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-I, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (
Slide 2: Investor Presentation Q3 / 9M FY 25
Investor Presentation Q3 / 9M FY 25 February 2025 1
Slide 3: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 25 2
Slide 4: Company Overview
COMPANY OVERVIEW Integrated and diversified conglomerate in areas of sugar, bio-ethanol and engineering Strategically located in fertile & well irrigated Western, Central & Eastern regions of UP Among the Top 3 sugar manufacturers in India & amongst the largest manufacturers of bio-ethanol from suga
Slide 5: Triveni at a Glance
TRIVENI AT A GLANCE 70,500 104.5 Tonnes per day Sugarcane Mega Watt crushing capacity* Power Co-generation LOCATIONS* 860 KLPD >12,000 24 world-class facilities Kilo Liter Per Day (KLPD) including PTB installations Alcohol/Distillery capacity# across the world 8 Sugar plants 6 Distillery facilities
Slide 6: ESG Principles
ESG PRINCIPLES Highest level of ethical and corporate governance Maintaining ecological balance while ensuring standards, with stringent compliances 02 business excellence 01 Harnessing co-products to become raw Best-in-class sustainable processes and materials for other products, thus solutions acr
Slide 7: Proposed Restructuring (Pending Approvals)
PROPOSED RESTRUCTURING (PENDING APPROVALS) Amalgamation of Sir Shadi Lal Enterprises Limited (SSEL) with Triveni Engineering & Industries Limited (TEIL). SSEL is a subsidiary of TEIL, in which TEIL holds a 61.77% stake presently. Transfer and vesting of PTB Undertaking (as defined in the Scheme) of
Slide 8: Rationale for TEIL Amalgamation with SSEL & Swap Ratio
RATIONALE FOR TEIL AMALGAMATION WITH SSEL & SWAP RATIO Synergies The proposed amalgamation will create and provide operational Reducing compliance related costs synergies, economies of scale, optimum utilization of resources, It will result in reduction of multiplicity of entities, thereby simplific
Slide 9: Rationale for Demerger of Power Transmission Business & Ratio of Issue of Equity Shares
RATIONALE FOR DEMERGER OF POWER TRANSMISSION BUSINESS & RATIO OF ISSUE OF EQUITY SHARES BY TPTL Competitive Position and Market Penetration Sharpened Focus PTB has attained a significant size, scale and has a large The PTB and the Residual Business (defined in the headroom for growth in its market.
Slide 10: Chronological Transaction Milestones
CHRONOLOGICAL TRANSACTION MILESTONES • Approval of the Board of Directors on recommendation of Audit Committee & Independent Directors to the Scheme • Filing of Application with Stock Exchanges for No Objection • Filing the Scheme along with Application with NCLT for issuance of summons for directio
Slide 11: Existing and Resultant Structure of Entities: TEIL and SSEL
EXISTING AND RESULTANT STRUCTURE OF ENTITIES: TEIL and SSEL Before Amalgamation of SSEL with TEIL After Amalgamation of SSEL with TEIL 39.02% 38.23% 39.42% 60.98% 61.77% 60.58% Promoters Public TEIL (Promoter) Public Promoters Public ~21.89 cr shares of INR 1 each ~52.5 lakh shares of INR 10 each ~2
Slide 12: Existing and Resultant Structure of Entities: TEIL and TPTL
EXISTING AND RESULTANT STRUCTURE OF ENTITIES: TEIL and TPTL After Amalgamation of SSEL with TEIL and After PTB Demerger before PTB Demerger 27.64% 39.42% 39.42% 42.48% 72.36% Total 60.58% Promoter 60.58% Holding 100.00% 29.88% Promoters Public TEIL (Promoter) Existing Promoters of TEIL (Promoter) Pr
Slide 13: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 25 12
Slide 14: Sugar
SUGAR
Slide 15: Our Sugar Business Profile
OUR SUGAR BUSINESS PROFILE Strategic Manufacturing Presence We manufacture Refined sugar for high-grade end users Rani Nangal (District Moradabad) Deoband (District Saharanpur) Milak Narayanpur (District Rampur) Various grades of pharmaceutical sugar, which Khatauli (District Muzaffarnagar) can be c
Slide 16: Our Sugar Business Clientele
OUR SUGAR BUSINESS CLIENTELE Beverages Private Label Breweries and Others Pharmaceuticals Dairy/Ice Cream 15
Slide 17: Our Sugar Business Clientele
OUR SUGAR BUSINESS CLIENTELE FMCG Private Label 16
Slide 18: Sugar Business Performance Over the Years
2014-15 1.67 2014-15 49.05 2015-16 1.57 2015-16 48.85 2016-17 1.67 2016-17 70.77 2017-18 95.21 2017-18 1.83 2018-19 94.03 2018-19 1.94 2019-20 100.92 2019-20 1.92 2020-21 93.80 Sugar Produced (Lakh Quintals) 2020-21 1.96 2021-22 88.75 2021-22 1.98 Area under Sugarcane (Lakh Hectares) 2022-23 95.34 2
Slide 19: Sugarcane Development Programme
SUGARCANE DEVELOPMENT PROGRAMME • Structured Varietal Substitution Programme: An aggressive varietal substitution programme is underway for identification, faster multiplication, and commercial use of desired high sugar and disease resistant varieties for the mutual benefit of the Company and the fa
Slide 20: Triveni Brands: Getting Future Ready
TRIVENI BRANDS: GETTING FUTURE READY • Triveni sees a bright future for branded sugar in India, set to grow at double digit CAGRs over the next 5 years • Tremendous scope to bring to market higher grade and quality offerings with premiumization trends • Focus on high quality products under trustwort
Slide 21: Triveni: Sugar Realisations Set to Strengthen
TRIVENI: SUGAR REALISATIONS SET TO STRENGTHEN Triveni Sugar Realisation (Domestic) (₹/Quintal) 3,986 4,062 3,956 3,851 3,934 3,989 3,917 3,931 3,912 3,932 3,879 3,851 3,872 3,855 3,855 3,840 3,816 3,717 3,713 3,737 3,761 3,685 3,696 3,732 3,653 3,593 3,639 3,523 3,570 3,526 3,505 3,539 3,488 3,517 3
Slide 22: Industry Updates
INDUSTRY UPDATES • Exports: On January 20, 2025 the Government announced decision to allocate export quota of 1 million tonne of sugar for Sugar Season (SS) 2024-25. Triveni (including SSEL) has received allocation of 31883 tonnes as its sugar export quota. • Sugar balance sheet for SS 2024-25: With
Slide 23: India Sugar Balance Sheet: Closing Stock of 6.4 Million Tonnes Expected
INDIA SUGAR BALANCE SHEET: CLOSING STOCK OF 6.4 MILLION TONNES EXPECTED in million tonnes +3.2* +3.8* +2.0* +4.0* 35.8 32.8 31.9 29.0 27.0 27.3 27.9 28.0 11.1 8.2 8.4 8.4 7.0 6.4 6.4 5.6 5.6 5.6 0.1 1.0 Opening Stock as on 1st Oct Net Production Internal Consumption Exports Closing Stock as on 30th
Slide 24: Robust Global Sugar Prices Providing Healthy Export Margins
ROBUST GLOBAL SUGAR PRICES PROVIDING HEALTHY EXPORT MARGINS NY#11 & London#5 Price Trend 720 26 Post announcement of 25 680 Indian sugar exports 24 640 23 22 600 21 20 560 19 520 18 17 480 16 15 440 14 400 13 London #5 NY #11 Note: London #5 on left hand side (LHS) in $/tonne; NY #11 on right hand s
Slide 25: Alcohol
ALCOHOL
Slide 26: Our Alcohol Business Profile
OUR ALCOHOL BUSINESS PROFILE Flexibility of feedstock and product mix We produce Bio-ethanol Extra Neutral Alcohol (ENA), Rectified Spirit (RS) Shamli Facility : Molasses 100 KLPD Rani Nangal Facility: Multi-feed 200 KLPD and Denatured Spirit (SDS) Muzaffarnagar 2 Facilities: Milak Narayanpur Facili
Slide 27: Alcohol Business Performance Over the Years
ALCOHOL BUSINESS PERFORMANCE OVER THE YEARS Alcohol Production (in KL) Alcohol Sales (in KL) 181194 184351 180423 182707 117837 107027 107604 103637 93826 84566 FY 20 FY 21 FY 22 FY 23 FY 24 FY 24 FY 20 FY 21 FY 22 FY 23 Average Realisation (₹/ ltr) IMIL Sales (Lakh Cases) 57.3 59.0 44.73 54.1 46.1
Slide 28: Our Alcohol Business Outlook
OUR ALCOHOL BUSINESS OUTLOOK Positive outlook Focus on IMFL Revision in With expectation for IMIL business business where ethanol prices of improved where the within 6 months to improve sugarcane crush, Company is now of launch in July profitability ethanol feedstock among the Top-5 2024, the busine
Slide 29: Alcohol Segment Driven by Ethanol Demand
ALCOHOL SEGMENT DRIVEN BY ETHANOL DEMAND Ethanol Demand Drivers • Government actively promoting the production and blending of bio-ethanol with petrol, and has targeted 20% blending under Ethanol Blended Petrol (EBP) Programme by 2025 or EBP20 need for renewable fuel • To achieve the target of 20% b
Slide 30: Industry Updates
INDUSTRY UPDATES • For Ethanol Supply Year (ESY) 2024-25 (Nov-Oct), OMCs have executed contracts for 930 crore litres as compared to supplied quantities of 672 crore litres in ESY 2023-24, representing a ~38% y-o-y increase. The proportion of ethanol from grain- based feedstocks contracted in curren
Slide 31: EBP Programme Driving Ethanol Demand
EBP PROGRAMME DRIVING ETHANOL DEMAND Ethanol Supplied (Cr. Litres) 800 14.60 16 700 14 12.06 600 12 10.02 500 10 8.10 402 137 400 72 8 300 4.92 5.00 41 6 4.22 3.51 200 10 361 369 4 2.33 2.07 16 1.60 261 270 100 179 157 2 111 151 38 67 67 0 0 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 20
Slide 32: EBP Programme Driven by Sugarcane & Grain-Based Feedstocks
EBP PROGRAMME DRIVEN BY SUGARCANE & GRAIN-BASED FEEDSTOCKS India Ethanol: Feedstock Mix of Contracted and • Historically, ethanol from sugarcane route has Supplied Quantities dominated and contributed to higher percentage in terms of supplied quantities as compared to contracted quantities. 39% 40%
Slide 33: Continued Ethanol Pricing Improvements
CONTINUED ETHANOL PRICING IMPROVEMENTS • Government has been incentivizing the industry through supportive ethanol prices under the EBP Programme • In ESY 2024-25, prices have been revised for ethanol produced from C-heavy molasses • In ESY 2023-24, prices were revised for ethanol produced from Maiz
Slide 34: Power Transmission
POWER TRANSMISSION
Slide 35: Diverse Product & Solutions Portfolio Serving a Multitude of Industries
DIVERSE PRODUCT & SOLUTIONS PORTFOLIO SERVING A MULTITUDE OF INDUSTRIES Integrally Geared Centrifugal • High power & high speed gears designed for steam Compressors Pumps & Blowers turbines, gas turbines, compressors, pumps, blowers, Reciprocatin Centrifugal and other special purpose industry applic
Slide 36: Enabling OEMs Consistently
ENABLING OEMS CONSISTENTLY >50,000 MW globally installed gears capacity Steam Turbines Gas Turbines Centrifugal Compressors Reciprocating Compressors Centrifugal Pumps Fans and Blowers Hydel Turbines 35
Slide 37: Multi-Pronged Strategy in Power Transmission Business
MULTI-PRONGED STRATEGY IN POWER TRANSMISSION BUSINESS Pillars of our strategic approach: • World-class technology • Automation & Digitalisation • Associations & tie-ups • Cost management & efficiencies 36
Slide 38: Power Transmission Business Highlights
POWER TRANSMISSION BUSINESS HIGHLIGHTS • One of the largest engineered-to-order turbo gear manufacturers in India • Largest domestic market share across OEMs & Patronised by global OEMs across application spectrum like STG/GTG/ Compressor / Pumps / Blower / ID-FD Fans • One of the few companies glob
Slide 39: Our Power Transmission Business Clientele
OUR POWER TRANSMISSION BUSINESS CLIENTELE Steam Turbines Gas Turbines Compressors Pumps Fans and Blowers Defence 38
Slide 40: Our Power Transmission Business Clientele
OUR POWER TRANSMISSION BUSINESS CLIENTELE Other Key Clients 39
Slide 41: Our Diverse Defence Portfolio
OUR DIVERSE DEFENCE PORTFOLIO • Marine Propulsion Gearboxes and other critical gearboxes • Special Application Turbo Pumps • Special Application Motor-driven Pumps • Gas Turbine Generators for Auxiliary Power • Complex Turbo-Auxiliaries • Propulsion System Integration • Propulsion Shafting for Surfa
Slide 42: Power Transmission Business Performance Over the Years
POWER TRANSMISSION BUSINESS PERFORMANCE OVER THE YEARS ₹ crore Profit Before Interest and Tax (PBIT) Revenue & PBIT Margin (%) 120 36.7% 38.0% 34.8% 36.0% 292 100 33.9% 31.4% 107 34.0% 31.5% 225 80 32.0% 28.1% 28.7% 76 30.0% 185 60 64 28.0% 154 40 26.0% 133 130 49 112 38 41 24.0% 20 31 22.0% 0 20.0%
Slide 43: Power Transmission Business Initiatives
POWER TRANSMISSION BUSINESS INITIATIVES Gearing for future growth Investments towards new bay (grinder/ hobber/ equipment) for both power transmission & defence products Expansions include The Board of Directors approved setting up a new an incremental capex of ₹ 60 multi-modal crore for enhancement
Slide 44: Our Power Transmission Business Outlook
OUR POWER TRANSMISSION BUSINESS OUTLOOK Traction in Outlook for the Strategic Defence business Increasing domestic product imminent export gaining momentum footprint to segment within orders along with as large orders capture high- high speed gears qualification nearing decision, growth is extremely
Slide 45: Water Solutions
WATER SOLUTIONS
Slide 46: Water & Wastewater Opportunities and the Way Forward
WATER & WASTEWATER OPPORTUNITIES AND THE WAY FORWARD • Global water crisis: Increased demand for water resources, more than 2 billion people globally live in water stressed countries. Situation is getting worse with climate change • Water is undervalued, and proper incentives are not in place to use
Slide 47: Leading Solutions Provider for Efficient Water Management
LEADING SOLUTIONS PROVIDER FOR EFFICIENT WATER MANAGEMENT FOR INDUSTRIAL, MUNICIPAL, URBAN APPLICATIONS We are committed to contributing sustainable solutions that lead to environmental protection with an enhanced quality of life. Advanced Solutions Key Highlights • Wide range of innovative water/wa
Slide 48: Serving a Wide Variety of Sectors
SERVING A WIDE VARIETY OF SECTORS Municipal WTP/STP CETP/ZLD for Refineries Steel Plants Industrial clusters Non-ferrous Oil & Gas Thermal Power Intake Water Industries Plants System Sugar & Allied Coal Recycle & Reuse Desalination Industries Note: Illustrative list 47
Slide 49: Water Business Growth Drivers
WATER BUSINESS GROWTH DRIVERS Government investments in EPC and Growing urbanisation arising from HAM (Centre & State) projects Water Urban Local Bodies Increasing domestic Focus of NMCG (National opportunities in recycle, Mission for Clean Ganga) on reuse, zero liquid discharge Ganga tributaries to
Slide 50: Select Water & Wastewater Projects
SELECT WATER & WASTEWATER PROJECTS • Pali HAM/PPP project – ZLD system for Textile Industries • Mathura HAM/PPP project - Integrated Sewerage Management project under one city one operator framework • EPC Project in Bangladesh under a joint-venture with a local company • Bhiwadi 6 MLD Zero Liquid Di
Slide 51: Our Water Business Outlook
OUR WATER BUSINESS OUTLOOK Evaluating Post-election Positive outlook New various focus in key due to significant opportunities international states where new gap between are emerging opportunities funding is demand and in recycle, and intends to expected from current availability reuse and participa
Slide 52: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 25 51
Slide 53: Q3 / 9M FY 25: Subdued Overall, However Engineering Businesses Performed Well on Order Booking
Q3 / 9M FY 25: SUBDUED OVERALL, HOWEVER ENGINEERING BUSINESSES PERFORMED WELL ON ORDER BOOKING Revenues & • Revenue from Operations (Net of excise duty) at ₹ 4060.0 crore, an increase of 3.6% • Profit Before Tax at ₹ 69.1 crore Profitability • Profit After Tax at ₹ 51.1 crore • The Government has al
Slide 54: Consolidated Financial Highlights Q3 / 9M FY 25
CONSOLIDATED FINANCIAL HIGHLIGHTS Q3 / 9M FY 25 ₹ Crore Q3 FY 25 Q3 FY 24 Change % 9M FY 25 9M FY 24 Change % Revenue from Operations (Gross) 1,600.3 1,553.6 3.0 4,882.7 4,603.3 6.1 Revenue from Operations 1,268.3 1,311.2 -3.3 4,060.0 3,918.0 3.6 (Net of excise duty) EBITDA 101.0 214.9 -53.0 216.4 4
Slide 55: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 25 54
Slide 56: Our Long-Term Highlights
OUR LONG-TERM HIGHLIGHTS Well Diversified and • FY 19-24 Gross Revenue CAGR 14.3% Growing Revenues • Rising revenue contribution from non-sugar business from 21% to 38% during FY 2019-24 Progressively • FY 19-24 PBIT CAGR 13.1% improving profitability • Sugar contribution progressively reducing; fro
Slide 57: Well Diversified and Growing Revenue Base
WELL DIVERSIFIED AND GROWING REVENUE BASE FY 19-24 Revenue CAGR 14.3% Rising non-sugar contribution from 21% to 38% during FY 2019-24 Revenue from Operations (Gross)* Segment-wise Contribution to Revenue from Operations# ₹ Crore 2% 2% 2% 3% 3% 3% 8% 7% 6% 6% 6% 6310 6151 5% 7% 9% 11% 4% 3% 3% 4% 16%
Slide 58: Progressively Increasing Profitability with Healthy Contribution from Non-Sugar Businesses
PROGRESSIVELY INCREASING PROFITABILITY WITH HEALTHY CONTRIBUTION FROM NON-SUGAR BUSINESSES FY 19-24 PBIT CAGR 13.1% Sugar contribution progressively reducing; 49% in FY 2024 Profit Before Interest and Tax (PBIT) Segment-wise PBIT Contribution ₹ Crore 2% 4% 5% 5% 4% 5% 11% 9% 8% 10% 13% 17% 21% 19% 5
Slide 59: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION Total Consolidated Debt (₹ Crore) Total Consolidated Debt To Equity (x times) 1726 1.51 1558 1568 1411 1.16 994 914 0.64 0.82 0.35 0.49 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Average Cost of Debt (Standalone) Long-term credit rating ICRA
Slide 60: Creating Shareholder Value
CREATING SHAREHOLDER VALUE Cash Generation during FY 19-24 ₹ 4,088 crore Capital Dividends & Buybacks Funds Retained for Expenditure* (incl. taxes) Working Capital ₹ 1,237 crore ₹ 1,541 crore ₹ 1,310 crore (30% of cash (38% of cash (32% of cash generation) generation) generation) Healthy mix of inve
Slide 61: Enhancing Shareholder Returns Through Combination of Buybacks & Dividends
ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS Buyback of Shares (₹ Crore) Dividend (₹ Crore) Dividend Payout Ratio (%) 800 12% 125.9 21% 20% 100 15% 17% 65 78.6 71.1 10% 10% 42.3 18.1 27.3 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 20 FY 21 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23
Slide 62: Agenda
AGENDA COMPANY BUSINESS & FINANCIAL OUR LONG-TERM SHAREHOLDING OVERVIEW INDUSTRY RESULTS JOURNEY PATTERN UPDATES Q3 / 9M FY 25 61
Slide 63: Shareholding Pattern
SHAREHOLDING PATTERN Foreign Portfolio Investors, 5.17% Mutual Funds + AIF, 9.70% Promoter Group, 60.98% Resident Individuals, 19.44% Corporate Bodies, NRI, 1.91% 2.09% Others, 0.71% Promoter Group Foreign Portfolio Investors Mutual Funds + AIF Resident Individuals Corporate Bodies NRI Others Note:
Slide 64: Annexures: Q3/9M FY 25 Business-wise Performance Review
ANNEXURES Q3/9M FY 25 BUSINESS-WISE PERFORMANCE REVIEW 63
Slide 65: SS 2024-25: Trend of Lower Initial Recoveries
SS 2024-25: TREND OF LOWER INITIAL RECOVERIES Sugarcane Crushed (Million Tonnes) Net Recovery (%) Sugar Production (Tonnes) +3.0% -7.3% 3.4 9.8 9.1 324959 3.3 301094 SS 2023-24 SS 2024-25 SS 2023-24 SS 2024-25 SS 2023-24 SS 2024-25 • Trend of initial lower recoveries observed in UP in SS 2024-25 but
Slide 66: Sugar: Improved Blended Realisations in 9M FY 25
SUGAR: IMPROVED BLENDED REALISATIONS IN 9M FY 25 Sugar Dispatches (Tonnes) Average Blended Realisation (₹/MT)* +2.1% (Total) +1.9% -1.9% -3.9% (Total) 657411 670962 14531 39524 38806 210861 202728 670962 38770 38099 642880 210861 202728 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Q3 FY 24 Q3 FY 25 9M FY 24
Slide 67: Sugar: Lower Profitability Due to Lower Contribution Margins & Inventory Write Down
SUGAR: LOWER PROFITABILITY DUE TO LOWER CONTRIBUTION MARGINS & INVENTORY WRITE DOWN ₹ Crore REVENUE PBIT -1.4% -65.1% -70.9% -9.5% 2,930.4 2,888.3 147.3 119.9 1,027.0 929.5 41.8 42.9 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 • Lower contribution margins as subdued sugar
Slide 68: Alcohol: Improved Realisations Driven by Higher Proportion of Grain Operations
ALCOHOL: IMPROVED REALISATIONS DRIVEN BY HIGHER PROPORTION OF GRAIN OPERATIONS Alcohol Production (KL) Alcohol Sales (KL) +0.8% +1.1% -4.1% -3.0% 135281 136351 137830 139312 44313 42492 43828 42505 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Avg. Realisation (₹/litre) • A
Slide 69: Alcohol: Profitability Impacted
ALCOHOL: PROFITABILITY IMPACTED ₹ Crore NET REVENUE* PBIT +7.9% +4.4% 1021.9 946.8 138.9 307.3 320.9 37.4 16.3 2.8 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 * Revenue net of excise duty • The profitability of the Alcohol business was adversely affected in 9M FY 25 due t
Slide 70: Power Transmission: Healthy 9M FY 25 Performance
POWER TRANSMISSION: HEALTHY 9M FY 25 PERFORMANCE ₹ Crore REVENUE PBIT +13.1% +9.0% -10.6% +3.3% 230.3 80.4 203.6 73.7 71.1 73.4 26.5 23.7 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 • Revenue growth in Q3 FY 25 was subdued at 3.3% due to shifting of certain large orders t
Slide 71: Power Transmission: Record Closing Order Book
POWER TRANSMISSION: RECORD CLOSING ORDER BOOK ₹ Crore Order Booking Closing Order Book +32.9% +26.9% +23.1% 319.7 377.1 240.5 297.2 105.0 85.6 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Q3 / 9M FY 24 Q3 / 9M FY 25 • Order booking grew 23.1% during the quarter with some slowdown witnessed in the domestic pr
Slide 72: Water: Healthy Closing Order Book
WATER: HEALTHY CLOSING ORDER BOOK ₹ Crore Closing Order Book* REVENUE PBIT +58.5% -22.1% +24.5% -7.6% +67.3% 1979.2 180.0 19.7 140.2 15.8 1248.8 53.2 10.4 49.1 6.2 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 Q3 / 9M FY 24 Q3 / 9M FY 25 Q3 FY 24 Q3 FY 25 9M FY 24 9M FY 25 • Revenues declined due to delay in
Slide 73: Investor Contact
INVESTOR CONTACT Surabhi Chandna Gavin Desa/ Rishab Brar Triveni Engineering & Industries Ltd. Citigate Dewe Rogerson Tel. +91 120 430 8000 Fax : +91 120 431 1010 Tel: +91 22 66451237/1235 ir@trivenigroup.com gavin@cdr-india.com / rishab@cdr-india.com www.trivenigroup.com 72
Slide 74: Safe Harbour/Legal Disclaimer
SAFE HARBOUR/LEGAL DISCLAIMER Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concern
Slide 75: Commonly Used Terms
COMMONLY USED TERMS Term Definition AGMA American Gear Manufacturers Association (AGMA) Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating constituent of Alcohol potable spirits, industrial solvent and as fuel API American Petroleum Institute ASP Acti
Slide 76: Commonly Used Terms
COMMONLY USED TERMS Term Definition Ethanol that has additives to make it poisonous, bad tasting, foul smelling or nauseating to discourage its Denatured spirit recreational consumption. Distillation Process of separating alcohol from water via evaporation and condensation Ethanol Blended Petrol. Th
Slide 77: Commonly Used Terms
COMMONLY USED TERMS Term Definition Distillery producing Ethanol / Alcohol using various feedstocks such as sugarcane juice/syrup, B-Heavy molasses, Multi-feed distillery C-Heavy molasses, grains such as maize, surplus rice, broken rice and other damaged food grains NGT National Green Tribunal O&M O
Slide 78: Thank You
Hd ven ENGINEERING & INDUSTRIES LTO.
Triveni Engineering & Industries — Q3 FY2025 Earnings Presentation on 6ix