Triveni Engineering and Industries Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Triveni Engineering and Industries Ltd reported a 7.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 21.8%.
- Its expenses for the quarter were up by 2.1% QoQ and 36.1% YoY.
- The net profit decreased 289.9% QoQ and decreased 69.0% YoY.
- The earnings per share (EPS) of Triveni Engineering and Industries Ltd stood at 1.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1624.20 | 1504.63 | 1333.09 | 7.9% | 21.8% |
Total Expenses | 1566.76 | 1534.83 | 1150.84 | 2.1% | 36.1% |
Profit Before Tax | 57.44 | -30.20 | 182.25 | -290.2% | -68.5% |
Tax | 14.99 | -7.84 | 44.69 | -291.2% | -66.5% |
Profit After Tax | 42.57 | -22.42 | 137.40 | -289.9% | -69.0% |
Earnings Per Share | 1.90 | -1.00 | 6.30 | -290.0% | -69.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Triveni Engineering and Industries Ltd is a diversified industrial company primarily engaged in the engineering and sugar industries. The company operates in two main segments: sugar manufacturing and engineering services. In the sugar segment, Triveni Engineering is involved in the production of sugar, power co-generation, and distillery products. The engineering segment deals with high-speed gears, gearboxes, and water treatment solutions. Currently, there is no specific data available on any recent major developments or changes within the company. The company is recognized for its significant presence in both the sugar and engineering sectors in India.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Triveni Engineering and Industries Ltd achieved a total income of ₹1,624.20 crores. This represents a quarter-over-quarter (QoQ) growth of 7.9% compared to the second quarter of fiscal year 2025 (Q2FY25), where the total income was ₹1,504.63 crores. Additionally, there was a year-over-year (YoY) increase of 21.8% from the third quarter of the previous fiscal year 2024 (Q3FY24), when the total income was ₹1,333.09 crores. The consistent growth in revenue highlights the company's ability to enhance its income over the reported periods.
Profitability
The company's profit before tax for Q3FY25 was recorded at ₹57.44 crores, a significant improvement from a loss of ₹30.20 crores in Q2FY25. However, this figure represents a decline of 68.5% on a YoY basis, when the profit before tax was ₹182.25 crores in Q3FY24. The tax expenses for Q3FY25 stood at ₹14.99 crores, contrasting with a tax benefit of ₹7.84 crores in Q2FY25, and down from ₹44.69 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 was ₹42.57 crores, which marked a turnaround from a loss of ₹22.42 crores in the previous quarter but a decrease from ₹137.40 crores in the same quarter the previous year. Earnings per share (EPS) for Q3FY25 was ₹1.90, compared to negative earnings of ₹1.00 in Q2FY25, and a YoY decline from ₹6.30 in Q3FY24.
Operating Metrics
Total expenses for Triveni Engineering increased modestly by 2.1% QoQ in Q3FY25 to ₹1,566.76 crores from ₹1,534.83 crores in Q2FY25. On a YoY basis, there was a significant increase of 36.1% from ₹1,150.84 crores in Q3FY24. This rise in expenses could be attributed to various operational factors within the company's industry segments. The overall financial performance for Q3FY25 reflects a recovery in operating income, with notable fluctuations in profitability metrics compared to both the preceding quarter and the corresponding quarter from the previous year.
