Triveni Engineering And Industries Limited · NSE:TRIVENI
Triveni Engineering And Industries — H1 FY27 Earnings Presentation
55 slides from Triveni Engineering And Industries's earnings presentation, Nov 2, 2026
Slide 1: Exchange filing cover letter
- - « 4911204308100 vem & +91 1204311010111 ENGINEERING & INDUSTRIES LTD. © wwwrivenigroup.com REF: TEIL:SE: Date: 02" November, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (E) Mumba
Slide 2: H1 FY27 Consolidated Results press release
Registered office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh, India. Corporate office: Express Trade Towers, 8th floor, 15-16, Sector 16A, Noida 201301, Ph: 0120-4308000, Fax: 0120-4311011 CIN: L15421UP1932PLC022174 For Immediate Release H1 FY27 Consolidated Results for
Slide 3: Profitability improvement and management commentary
▪ Profitability improvement in H1 FY27 is primarily attributable to increase in sugar margin owing to higher realisation and higher proportion of high margin maize feedstock, improved realisation of DDGS and lower finance cost. The aforesaid factors also contributed towards the higher profitability
Slide 4: Sugar business
constructive. However, the late-October spell of unseasonal rainfall, including heavy rain and thunderstorm activity reported across parts of the State on 29-30th October, requires close field-level assessment. At this stage, the most likely impact is delay in commencement of crushing to minimise th
Slide 5: Sugar performance and domestic industry scenario
Performance Q2 FY27 Q2 FY26 Change % H1 FY27 H1 FY26 Change % Sugar Domestic Dispatches (Tonnes) 2,55,334 2,76,225 -7.6% 5,32,738 5,34,421 -0.3% Average Realisation (₹/MT) 47,275 40,583 16.5% 44,281 40,505 9.3% Revenue (₹ crores) 1,262 1,215 3.9% 2,497 2,384 4.7% PBIT (₹ crores) 99 -12 - 113 -5 - •
Slide 6: International sugar outlook
Thailand. This is a tighter outlook than its earlier May 2026 estimate of a 0.55 MMT deficit and indicates that the international market has only a limited supply cushion for weather or production disappointments. The principal market sensitivities remain production outcomes in India and Thailand, t
Slide 7: Alcohol (Distillery) business
For Indian producers, firmer international prices improve import parity and provide a supportive reference for the domestic market. However, direct transmission into domestic realisations will continue to depend on Government decisions on imports, release quotas, stockholding restrictions and other
Slide 8: Water business and ethanol industry scenario
Domestic Industry Scenario • Blending % achieved for Ethanol Supply Year (ESY) 2025-26 till September 2026 (Nov-Sep) is 20% with the procurement of 987 crores litres, achieving 82% of the allocated quantity. • Grain-based ethanol continues to significantly outperform sugar-based ethanol, in allocati
Slide 9: Water business performance
deliveries at an optimised cost for its products & services. The business has carried out successful execution of more than 100 projects of varying magnitude and complexities across municipal and industrial sectors with quality and commitment to timely delivery. Cost Management & Efficiencies are in
Slide 10: Annexure: About Triveni Engineering & Industries Limited
Annexure: About Triveni Engineering & Industries Limited Triveni Engineering & Industries Limited (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol and water. The Company holds the position of one of India's largest integrated sugar manufacturers
Slide 11: Scheme of arrangement, contacts and note
Further, by virtue of the Composite Scheme of Arrangement becoming effective on May 19, 2026, SSEL was amalgamated into TEIL w.e.f. April 01, 2025 and the Power Transmission Business demerged and vested in Triveni Power Transmission Limited (TPTL) w.e.f. April 01, 2026. TPTL was listed on NSE and BS
Slide 12: Investor Presentation Q2/H1 FY27
INVESTOR PRESENTATION Q2/H1 FY 27 02 November 2026 1
Slide 13: Contents
CONTENTS 03 COMPANY OVERVIEW OUR FINANCIAL HIGHLIGHTS 08 15 OUR BUSINESSES SHAREHOLDING PATTERN 38 2
Slide 14: Triveni at a Glance
TRIVENI AT A GLANCE LOCATIONS 20 world-class 70,500 104.5 facilities including: Tonnes per day Mega Watt 8 Sugar plants Sugarcane crushing Power Co-generation 5 Distillery facilities at capacity four locations 960 KLPD >12,200+ MLD Kilo Liter Per Day (KLPD) ~ ₹ 5,194 Crore Alcohol/Distillery Water &
Slide 15: Our Strengths
OUR STRENGTHS Strong Leadership & Market Financial Strength Stakeholder Trust & Strategic Tailwinds Governance Leadership & Resilience Ecosystem Integration & Growth Drivers Experienced A leading player in Significantly Strong, long- Well-positioned to management team India’s sugar strengthened stan
Slide 16: Our Business-wise Outlook
OUR BUSINESS-WISE OUTLOOK SUGAR ALCOHOL WATER • Domestic fundamentals remain supportive, led by • ESY 2026-27 tender excludes sugarcane • Rising investments in low opening inventories and crop uncertainty. The juice/syrup and B-Heavy molasses, while water infrastructure, extended duty-free raw sugar
Slide 17: ESG Guiding Principles
ENVIRONTMENT, SOCIAL, GOVERNANCE (ESG) GUIDING PRINCIPLES Highest level of ethical and corporate governance standards, with stringent compliances Best-in-class sustainable processes and solutions across our operations and units Allocation of capital with focus on reducing carbon footprint and promot
Slide 18: Corporate Structure Simplification – Scheme Approved
CORPORATE STRUCTURE SIMPLIFICATION – SCHEME APPROVED On 10 December 2024, the Board of Directors of Triveni Engineering & Industries Limited (TEIL/Amalgamated Company/Demerged Company), Sir Shadi Lal Enterprises Limited (SSEL/Amalgamating Company) and Triveni Power Transmission Ltd. (TPTL/ Resulting
Slide 19: Our Financial Highlights
OUR FINANCIAL HIGHLIGHTS
Slide 20: Our Long-Term Highlights
OUR LONG-TERM HIGHLIGHTS 03 Strong balance sheet position Well Diversified and Growing 01 • Improved leverage and cost of Revenues funds over the period • FY 21-26 Gross Revenue CAGR 10.1% • ICRA Long Term Credit Rating of AA+ • Rising revenue contribution# from non-sugar business from 20% to 46% du
Slide 21: Robust Financial Performance
ROBUST FINANCIAL PERFORMANCE ₹ Crore Revenue from Operations Profit Before Interest and Tax (PBIT) (Gross)* 7621 6808 603 584 6310 6151 576 510 480 4703 4694 408 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Robust revenue growth of 10.1% p.a. during FY 2021-2026 with incre
Slide 22: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION Total Consolidated Debt (₹ Crore) Total Consolidated Debt To Equity (x times) 2147 0.82 1969 1568 0.64 0.63 0.65 1411 0.49 994 914 0.35 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Average Cost of Debt (Standalone) Long-term credit rating ICRA
Slide 23: Creating Shareholder Value
CREATING SHAREHOLDER VALUE Funds Cash Dividends & Capital Retained for Generation Buybacks Expenditure* Working (incl. taxes) during Capital ₹ 1,495 crore ₹ 1,501 crore (36% of cash FY 21-26 (35% of cash ₹ 1,241 crore ₹ 4,237 crore (29% of cash generation) generation) generation) Healthy mix of inve
Slide 24: Buybacks and Dividends
ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS Buyback of Shares (₹ Crore) Dividend (₹ Crore) Dividend Payout Ratio (%) 800 125.9 78.6 12% 22% 23% 71.1 21% 54.7 60.4 15% 17% 42.3 65 20% FY 21 FY 23 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Int
Slide 25: Consolidated Financial Highlights Q2/H1 FY27
CONSOLIDATED FINANCIAL HIGHLIGHTS Q2/H1 FY27 ₹ Crore Q2 FY27 Q2 FY26 Change % H1 FY27 H1 FY26 Change % Revenue from Operations (Gross) 2,049 1,905 7.5 3,999 3,810 5.0 Revenue from Operations (Net of excise duty) 1,731 1,597 8.4 3,311 3,145 5.3 EBITDA 165 37 352.4 229 97 136.7 EBITDA Margin 9.5% 2.3%
Slide 26: Our Businesses
OUR BUSINESSES
Slide 27: Sugar
SUGAR
Slide 28: Our Sugar Business Profile
OUR SUGAR BUSINESS PROFILE Strategic Manufacturing Presence WE MANUFACTURE Refined sugar for high-grade end users CENTRAL UP 1. Rani Nangal (Sulphitation)# Various grades of pharmaceutical sugar, which 1 can be customised as per user requirements 1 2. Milak Narayanpur (Refined) White crystal sugar 2
Slide 29: Sugar Business Performance Over the Years
SUGAR BUSINESS PERFORMANCE OVER THE YEARS Area under Sugarcane (Lakh Hectares) Sugarcane Crushed (Lakh Quintals) 2.14 2.11 932 905 1.98 2.04 2.06 837 874 854 841 825 825 1.94 1.92 1.96 798 1.83 640 1.67 2017-18 2018-19 2017-18 2018-19 2024-25 2024-25 2016-17 2016-17 2019-20 2021-22 2019-20 2021-22 2
Slide 30: Sugar Realisations Set to Strengthen
SUGAR REALISATIONS SET TO STRENGTHEN Triveni Sugar Realisation (Domestic) (INR per Quintal) 5,500 5,044 5,000 4,705 4,445 4,500 4,180 4,204 4,108 4,102 4,118 4,120 4,137 4,099 4,140 4,109 4,089 4,058 4,088 4,100 4,008 4,014 3,986 4,062 4,098 3,956 3,917 3,931 3,934 3,912 3,932 3,989 4,000 3,879 3,84
Slide 31: Sugar Industry: Structural Shift Driving Margin Stability
SUGAR INDUSTRY: STRUCTURAL SHIFT DRIVING MARGIN STABILITY We believe Sugar Industry has undergone significant changes in last few years, which has in turn significantly reduced the cyclical nature of the industry Sugar Segment EBIT Margin Fair and Remunerative Price (FRP) Max: 11.1% of sugarcane 10.
Slide 32: Sugar: Realisations Drive Topline Growth
SUGAR: REALISATIONS DRIVE TOPLINE GROWTH Domestic Sugar Dispatches (Tonnes) Average Realisation (₹/MT) -0.3% -7.6% +16.5% +9.3% 2,76,225 5,34,421 5,32,738 2,55,334 47,275 44,281 40,583 40,505 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Sugar realisation increased significantly fo
Slide 33: Sugar: Profitability Improvement Led by Higher Realisation
SUGAR: PROFITABILITY IMPROVEMENT LED BY HIGHER REALISATION REVENUE PBIT ₹ in Crores +897.7% +2444.4% +3.9% +4.7% 99 113 1,262 2,497 1,215 2,384 -12 -5 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 • Improved Segment Profitability is due to higher sales contribution margins resultin
Slide 34: India Sugar Balance Sheet
INDIA SUGAR BALANCE SHEET: DECLINE IN CLOSING SUGAR STOCK LEVEL FOR SS 2025-26 in million tonnes +2.0* +3.6* +3.0* 31.9 29.0 28.0 28.8 26.127.8 7.9 7.0 5.1 5.0 5.0 3.5 0.3 1.0 1.0 0.8 Opening Stock Production Imports Internal Exports Closing Stock as on 1st Oct Consumption as on 30th Sep 2023-24 202
Slide 35: Sugarcane Development Programme – Key Highlights
SUGARCANE DEVELOPMENT PROGRAMME – KEY HIGHLIGHTS A Structured Varietal Active engagement Crop Protection from Various digital Substitution Programme with farmers through different Pests & initiatives towards for the mutual benefit of model demonstration Diseases using a sugarcane the Company and the
Slide 36: Alcohol
ALCOHOL
Slide 37: Our Alcohol Business Profile
OUR ALCOHOL BUSINESS PROFILE Strategic Manufacturing Presence WE PRODUCE Bio-ethanol CENTRAL UP Extra Neutral Alcohol (ENA), Rectified Spirit 1. Rani Nangal Facility: Multi-feed (RS) and Denatured Spirit (SDS) 200 KLPD 1 Co-products such as DDGS, Potash-rich ash, CO2, 2. Milak Narayanpur Facility: M
Slide 38: Alcohol Business Performance Over the Years
ALCOHOL BUSINESS PERFORMANCE OVER THE YEARS Alcohol Production (in KL) Alcohol Sales (in KL) 236510 181194 184351 200083 201568 213453 180423 182707 107027 107604 117837 103637 FY 23 FY 24 FY 25 FY 21 FY 22 FY 26 FY 23 FY 24 FY 25 FY 21 FY 22 FY 26 Average Realisation (₹/ ltr) IMIL Sales (Lakh Cases
Slide 39: Among Top 5 Players in UP in IMIL Business
AMONG TOP 5 PLAYERS IN UP IN INDIAN MADE INDIAN LIQUOR BUSINESS • We produce premium-quality molasses-based IMIL (Indian Made Indian Liquor) and grain- based UPML (UP Made Liquor), catering to the Uttar Pradesh market through an extensive distributor and retail network. • Following capex announcemen
Slide 40: Indian Made Foreign Liquor Wins Multiple Awards
INDIAN MADE FOREIGN LIQUOR WINS MULTIPLE AWARDS IN 1st YEAR OF LAUNCH MATSYA AWARDS Spiritz Achievers Awards 2024, 2025 & 2026 INDSPIRIT 2025 World Whiskies Award Design Superior Taste Awards 2025 & 2026 THE CRAFTER STAMP Spiritz Achievers Awards 2024, 2025 & 2026 World Whiskies Award Design Superio
Slide 41: Alcohol: Volume Impacted Due to Lower Offtake
ALCOHOL: VOLUME IMPACTED DUE TO LOWER OFFTAKE Alcohol Production (KL) Alcohol Sales (KL) Avg. Realisation (₹/litre) 1.1% -14.3% 15.8% 59,550 61,424 63.29 64.01 51,052 53,024 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 -12.8% -3.0% 1.1% 1,24,520 1,15,358 1,11,907 61.20 61.85 1,08,540 H1 FY26 H1 F
Slide 42: Alcohol: Profitability Improved
ALCOHOL: PROFITABILITY IMPROVED NET REVENUE* PBIT ₹ in Crores 19% 2.5% 53.5% 43.9% 473 846 43 73 397 825 28 51 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 * Revenue net of excise duty • Higher proportion of high margin ethanol produced from maize, higher sales volume and realisation of DDGS cont
Slide 43: EBP Programme Driving Ethanol Demand
EBP PROGRAMME DRIVING ETHANOL DEMAND Ethanol Supplied (Cr. Litres) 20.0 19.2 1000 20.0 900 18.0 800 14.6 16.0 700 12.1 719 14.0 600 705 12.0 10.0 500 8.1 10.0 137 402 400 72 8.0 300 4.9 5.0 6.0 4.2 41 200 2.1 10 361 369 4.0 16 261 270 321 282 100 151 179 157 2.0 0 67 0.0 2016-17 2017-18 2018-19 2019
Slide 44: Water Solutions
WATER SOLUTIONS
Slide 45: Our Water Business Profile
OUR WATER BUSINESS PROFILE • A water solutions platform, with capabilities across the water and wastewater treatment value chain – EPC projects, products, solutions, concessions and O&M • The division has been operating for 40+ years, with a history of inhouse product development, relationships with
Slide 46: Our Water Business Highlights
OUR WATER BUSINESS HIGHLIGHTS • Offers a complete range of water & wastewater treatment solutions to both industrial & municipal segments in EPC and PPP models • Undertakes specialized projects across desalination, recycling, ZLD and utility management for water & sewerage networks • Recurring reven
Slide 47: Promising Long-Term Growth Outlook for Water Treatment in India
PROMISING LONG-TERM GROWTH OUTLOOK FOR WATER TREATMENT IN INDIA Strong Increasing Increasing Demand Resurgence of Regulatory Push Urbanization with for Recycled Water Traditional Industrial Focus on Quality Segments Increased Sewage Industrial Wastewater Desalination Treatment Capacities Treatment C
Slide 48: Water: Healthy Closing Order Book
WATER: HEALTHY CLOSING ORDER BOOK ₹ in Crores REVENUE PBIT CLOSING ORDER BOOK* -12.9% -17.1% -4.5% -55.9% 54 -81% 47 109 90 2 13 1,452 1,520 1 3 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 • The decline in revenue during Q2 & H1 FY27 is primarily due to slow execu
Slide 49: Shareholding Pattern
SHAREHOLDING PATTERN
Slide 50: Shareholding Pattern as on 30 September 2026
SHAREHOLDING PATTERN AS ON 30 SEPTEMBER 2026 Particulars 30 Sep 2026 30 Jun 2026 Promoter Group 60.6% 60.6% 7.5% 6.2% FPI + FII 7.5% 7.7% MF + AIF 6.2% 7.6% Resident Individuals 20.7% 19.6% 20.7% 60.6% Corporate Bodies 2.1% 1.8% NRIs 2.0% 2.0% Others 0.9% 0.7% 2.0% 2.1% 0.9% Promoter Group Foreign P
Slide 51: Investor Contact
INVESTOR CONTACT Update design Kumar Sunit Gavin Desa/ Konpal Pali Head – Investor Relations & Value Creation Citigate Dewe Rogerson Tel. +91 120 430 8014 Tel: +91 22 66451237/1291 [email protected] [email protected] [email protected] [email protected] www.trivenigroup.com 40
Slide 52: 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 concer
Slide 53: Commonly Used Terms
COMMONLY USED TERMS Term Definition Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating constituent of Alcohol potable spirits, industrial solvent and as fuel ASP Activated Sludge Process Bagasse Cane fibre leaving cane mill after extraction of juice B
Slide 54: Commonly Used Terms
COMMONLY USED TERMS Term Definition Fly ash Fine solid particles of ashes, dust and soot carried out from burning fuel Distillery producing Ethanol / Alcohol using grain as a feedstock. Starch available in grain is converted with enzymes to Grain distillery sugar and fermented with yeast to produce
Slide 55: Thank You
YOU
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