Triven.Engg.Ind. Q2 FY27 Results (NSE: TRIVENI)
Signal: Growth reaccelerated
The read
The trajectory improved sharply in Q2: standalone PAT reached ₹86.59 crore from ₹20.08 crore YoY and a ₹1.72 crore loss QoQ, led by sugar's turnaround to ₹98.75 crore profit and distillery profit growth to ₹42.56 crore, while consolidated PAT remains unassessable from the truncated extract.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,049.06 Cr | +7.5% | +5.1% |
| EBIT margin | N/A |
P&L walk
Consolidated revenue increased to ₹2049.06 crore, +7.5% YoY and +5.1% QoQ; PBT before tax rose to ₹126.14 crore from ₹4.68 crore QoQ but remained below the ₹16.12 crore loss in the year-ago quarter, while consolidated PAT is not visible in the supplied extract.
Segments
Sugar drove the recovery, moving from a ₹12.38 crore loss YoY to a ₹98.75 crore profit despite revenue rising only 3.7%; distillery also lifted results with profit up 53.5% YoY to ₹42.56 crore on 12.2% revenue growth.
Key positives
- Standalone PAT reached ₹86.59 crore, +331.4% YoY, after ₹20.08 crore in the year-ago quarter and a ₹1.72 crore loss QoQ.
- Sugar segment result turned around from a ₹12.38 crore loss to a ₹98.75 crore profit, a ₹111.13 crore improvement, while revenue grew 3.7% YoY to ₹1261.98 crore.
- Distillery result increased 53.5% YoY to ₹42.56 crore on 12.2% revenue growth to ₹791.20 crore.
- Finance costs declined 29.6% YoY to ₹13.70 crore standalone as borrowings fell 80.3% to ₹409.73 crore.
- Standalone H1 operating cash flow rose to ₹2090.68 crore from ₹1475.78 crore, supported by a ₹2152.72 crore inventory release.
Key concerns
- Consolidated PAT and consolidated EPS are not visible in the supplied filing extract, limiting assessment of group-level earnings quality.
- Standalone revenue grew 7.6% YoY to ₹2048.95 crore, but the filing does not provide an explicit EBITDA margin to confirm how much of the profit recovery is operating-margin driven.
- The sugar result improved by ₹111.13 crore YoY even as sugar revenue rose only 3.7%, making profitability sensitive to sugar realisations, costs and seasonal operating conditions.
Research and educational content only. Not investment advice.