& Industries climbed as much as 10.4% on Wednesday to Rs 468.20 on the BSE after the sugar and engineering company posted a double-digit rise in quarterly profit and flagged healthy sugar price trends ahead.Triveni Engineering & Industries reported a 16.2% year-on-year rise in consolidated net profit for the fourth quarter ended March 2025, to Rs 187.1 crore from Rs 161 crore a year earlier.

The company's board has recommended a final dividend of Rs 2.50 per equity share for FY25, subject to shareholder approval at the upcoming annual general meeting.

Revenue from operations (gross) rose 24.4% YoY to Rs 1,925.3 crore, while revenue net of excise duty increased 25.1% to Rs 1,629.3 crore. The company’s EBITDA jumped 21.5% YoY to Rs 317.4 crore, though the margin narrowed slightly to 19.5% from 20.1% in the same period last year. Earnings per share for the quarter improved to Rs 8.55 from Rs 7.36.

For FY25, net revenue grew 9% YoY to Rs 5,689.2 crore, but EBITDA declined by 22.5% to Rs 533.8 crore. The company’s EBITDA margin contracted to 9.4% from 13.2%, while profit after tax dropped 39.7% to Rs 238.3 crore.

The sugar segment’s turnover rose 2.8% from the previous year, driven by higher realisation prices, though segment profits declined 12.8% due to elevated production costs and lower recovery rates.The alcohol segment reported a 15.7% rise in turnover, aided by the commissioning of a new multi-feed distillery at Rani Nangal. However, profitability was hit due to higher volumes of lower-margin maize-based ethanol and operational shutdowns from feedstock shortages.Power transmission stood out, with turnover surging 26.8%. Meanwhile, the water business saw a 4.9% dip in revenue.Commenting on the results, Dhruv M. Sawhney, Chairman and Managing Director, said the company is hopeful of an improved performance in the coming year through proactive measures in our sugar and alcohol businesses.

Sawhney also noted favourable sugar market dynamics. “Sugar prices have remained at healthy levels during FY25, particularly in Q4 FY25. We expect these trends to continue given the lower sugar stocks in the country on a year-on-year basis,” he said.

“We believe that a continually increasing portfolio of refined sugar and pharmaceutical-grade sugar production, which now stands at 73% of overall sugar production, augurs well for sugar realisations for the company. We continue to make judicious investments in our facilities to enhance sugarcane crush rate, sugar quality and efficiencies,” Sawhney added.

Also read | Sensex drops over 200 pts, Nifty below 24,800 as block deals & IPO activity weigh on markets

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)