Triveni Engineering & Industries

Triveni Engg Q2 results: Net loss of Rs 22.4 cr, revenue at Rs 1,748.3 cr

Integrated sugar and ethanol manufacturer Triveni Engineering and Industries on Tuesday reported a consolidated loss of Rs 22.4 crore during the September quarter, due to subdued profitability in sugar and alcohol business. The company had posted a profit after tax (PAT) of Rs 29.1 crore in the year-ago period, Triveni Engineering and Industries said in a statement. Revenue from operations of the company grew 8.1 per cent during the second quarter of the current fiscal year to Rs 1,748.3 crore compared to Rs 1,617.4 crore a year earlier. Triveni Engineering and Industries Chairman and Managing Director Dhruv M Sawhney said, "Overall profitability of the company during the half year ended September 30, 2024 was subdued, impacted by lower margins in the alcohol business and losses of new subsidiary SSEL, which was recently acquired. "For the sugar season, the profitability in the first half of the financial year remains muted due to spending of fixed expenses during the off-season ..

Triveni Engg launches premium whisky brands; stock price inches up 4%

The uptick in the stock price follows the news that the company has launched premium and super premium whisky brands in Uttar Pradesh, to enter the Indian-made foreign liquor (IMFL) market

Ethanol price hike buzz triggers rally in sugar stocks; soar up to 9%

Sugar stocks, Ethanol price hike news: The price revision is being considered on priority to incentivise production and meet our blending goals, reports said

InGovern raises concern over Triveni Engineering's stake buy in Sir Shadi

The proxy advisory firm has said the Securities and Exchange Board of India (Sebi) should appoint an independent valuer to determine the fairness of the offer price of TEIL

Triveni Engineering acquires 25.43% stake in Sir Shadi Lal Enterprises

Sugar company Triveni Engineering & Industries Ltd has acquired a 25.43 per cent stake in Sir Shadi Lal Enterprises Ltd (SSEL) for Rs 35 crore and launched an open offer to shareholders for acquiring an additional 26 per cent stake. Triveni Engineering is one of the leading integrated sugar producers in the country. It is also into engineered-to-order high speed gears & gearboxes and water and waste water management business. In a statement, the company said it has acquired a 25.43 per cent stake in SSEL. Pursuant to a share purchase agreement executed with Vivek Viswanathan and Radhika Viswanathan Hoon on January 30, 2024, the company on Monday acquired 25.43 per cent equity stake in SSEL for an aggregate consideration of Rs 35 crore, i.e. at a price of Rs 262.15 per equity share of SSEL. To acquire a majority stake in SSEL, the company had launched an open offer to the shareholders of SSEL to acquire up to 26 per cent of the outstanding voting share capital at Rs 262.15 per .

TEIL Q3 results: Profit falls 7% to Rs 137 cr; will foray into IMFL biz

Triveni Engineering & Industries Ltd, mainly engaged in the sugar business, has posted a 7 per cent decline in its consolidated net profit to Rs 137.40 crore for the December 2023 quarter and announced its foray into Indian Made Foreign Liquor (IMFL) manufacturing. Its net profit stood at Rs 147.28 crore in the year-ago period. The total income fell to Rs 1,575.55 crore in the October-December period from Rs 1,695.98 crore in the corresponding period of the previous year, a regulatory filing said on Monday. Triveni Engineering is one of the leading integrated sugar manufacturers and engineered-to-order turbo gearbox manufacturers in the country. It is also into water and waste-water management business. The company's board approved "venturing into the new business of manufacturing, marketing and selling own brands in the premium segment of Indian Made Foreign Liquor (IMFL) as a forward integration of the distillery operations". The company would set up a bottling plant in ...

Stocks to Watch: TVS Motor, RIL, Tata Motors, Marico, DLF, Triveni Eng, P&G

Stocks to watch on October 31, 2023: Reliance Jio has made a contrarian call vis-a-vis competitors by deciding not to raise the 5G tariff, which is currently at the same level as 4G

Triveni Engineering Q1 consolidated net profit up marginally at Rs 67.61 cr

Triveni Engineering & Industries Ltd -- which is into sugar, ethanol and engineering businesses -- has reported a marginal increase in its consolidated net profit to Rs 67.61 crore for the quarter ended June. Its net profit was Rs 66.45 crore in the year-ago period. The total income rose to Rs 1,444.47 crore in the first quarter of this fiscal from Rs 1,371.34 crore in the corresponding period of the previous year. Sugar turnover declined 15.2 per cent over the corresponding period last year after considering exports, driven by a 21.7 per cent decline in domestic sales volumes due to lower domestic quota allocations, the company said in a statement. Triveni Engineering & Industries Ltd Chairman and Managing Director Dhruv M Sawhney said: "Overall performance of the Company during the quarter ended June 30, 2023, has been satisfactory. Alcohol and engineering businesses contributed to 60 per cent of the total segment results". In the sugar business, he said the company ...

Triveni Engineering & Industries Q4 net profit rises 74% to Rs 190 crore

Triveni Engineering & Industries Ltd's net profit has risen 74 per cent to Rs 190.31 crore in the fourth quarter of the last fiscal year. Its net profit stood at Rs 109.17 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 1,839.86 crore in the January-March quarter of 2022-23 from Rs 1,195.08 crore in the corresponding period of the preceding year. Triveni Engineering & Industries Ltd is into sugar as well as engineered-to-order high speed gears & gearboxes. It is also into water and wastewater management business. During the full 2022-23 fiscal, the net profit jumped to Rs 1,791.80 crore from Rs 424.06 crore in the previous year. Total income grew to Rs 6,390.51 crore in 2022-23 from Rs 4,716.23 crore in the previous year.

Triveni Turbine rises 2% to hit new high in weak market on strong outlook

During Q3FY23, Triveni Turbine's order booking reached a new high of Rs 420 crore, leading to a total order booking of Rs 1,139 crore during 9MFY23, up 26.5 per cent YoY

Trading strategy in Nifty on the Budget Day by Vinay Rajani

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.

Triveni Turbine, Triveni Engg trade ex-date for buyback; shares dip 6%

These companies had fixed December 23, as the Record Date for the purpose of determining the entitlement and eligibility of share holders to in the share buyback.

Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%

CLOSING BELL: Individually, Punjab and Sind Bank (PSB), Bank of India, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank gained between 6 per cent and 15 per cent

Triveni Engineering dips 5% after nearly 9% equity change hands on BSE

At 09:15 am; around 20.73 million equity shares representing 8.58 per cent total equity of Triveni Engineering changed hands on the BSE, the exchange data shows.

Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.

Triveni Engineering Q2 net up to Rs 1,388 cr, board okays Rs 800-cr buyback

Sugar firm Triveni Engineering & Industries Ltd on Saturday reported a multi-fold jump in its consolidated profit to Rs 1,387.76 crore for the quarter ended September on one-off gains. Its net profit stood at Rs 92.47 crore in the year-ago period. Total income rose to Rs 1,483.33 crore in the second quarter of this fiscal from Rs 1,163.66 crore in the corresponding period of the previous year, according to a regulatory filing. "The company has divested its entire stake of 21.85 per cent in the associate company, Triveni Turbine Ltd, and accordingly exceptional income of Rs 1,401.20 crore has been recognized," the filing said. The company also announced a proposal to buy back up to 2,28,57,142 equity shares from shareholders at a price of Rs 350 per share for an aggregate amount not exceeding Rs 800 crore. Triveni Engineering is one of the largest integrated sugar producers in the country. It also has presence in engineered-to-order high speed gears and gearboxes, besides water ..

Sugar shares trade higher in a weak market; Shree Renuka hits 11-year high

ICRA expects operating margins for sugar firms to remain in the range of 13.0 - 13.5 per cen in FY23 (in line with FY22 levels) supported by elevated sugar realizations as well as ethanol realizations

Sugar shares under pressure, decline up to 7%; Balrampur Chini at 2022 low

Shree Renuka, Dwarikesh, Triveni Engineering, Uttam Sugar, Dhampur Sugar and Dalmia Bharat Sugar are down in the range of 2 per cent to 7 per cent on the BSE.

Sugar stocks sweeten; Dwarikesh, Dalmia Bharat, Triveni surge up to 10%

Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, KM Sugar, Andhra Sugar, Mawana Sugar and Shree Renuka Sugar surged 10 per cent to 15 per cent on the BSE.

Sugar stocks extend rally; Triveni, Dhampur, Uttam Sugar zoom up to 18%

Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months.