TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Investor Presentation
We send herewith a copy of investors' Presentation on the performance of the Company for the Q4 & FY2023 (consolidated) ended on March 31, 2023 for your information. The same is also being made available on the Company's website www.trivenigroup.com TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Analysts/ Investors Conference Call on the Audited Financial Results for the Q4 & FY23 ended March 31, 2023 Q4FY23 Quarterly & FY23 Annual Result Announced for Triveni Engineering & Industries Ltd.
Sugar company Triveni Engineering & Industries announced Q4FY23 & FY23 results: All businesses have contributed to the growth boosted by higher sales across businesses. Higher sales volumes in the Alcohol business were due to new distillation capacities commissioned during the year, a large multi-feed distillery at Milak Narayanpur and a grain distillery in Muzaffarnagar as well as due to the enhancement of capacities of the existing distilleries. Profit before tax (PBT) before exceptional items declined marginally during FY23 to Rs 562.4 crore due to the recognition of an export subsidy of Rs 57 crore in FY22 pertaining to the previous year. PBT increased by 66.9% in Q4FY23 to Rs 250.6 crore. Improved performance during FY23 and Q4FY23 has been due to substantial profitability contributed by sugar exports, higher sale volumes and increased realization prices for distillery products, and higher profitability of engineering businesses resulting from higher turnover and containment of finance cost/treasury income arising from surplus funds. The total debt on a standalone basis as on March 31, 2023, is Rs 824.96 crore as compared to Rs 1,503.74 crore as on March 31, 2022. Standalone debt at the end of the quarter under review comprises term loans of Rs 301.08 crore, almost all such loans are with interest subvention or at subsidized interest rates. On a consolidated basis, the total debt is at Rs 913.83 crore as compared to Rs 1,567.96 crore as on March 31, 2022. The overall average cost of funds is at 5.1% during FY23 as against 5.0% in FY22 Commenting on the Company’s financial performance, Dhruv M. Sawhney, Chairman, and Managing Director, Triveni Engineering & Industries, said: “We are pleased with the performance of the Company during the year ended March 31, 2023, wherein several milestones were achieved – highest ever sugarcane crush in SS 2022-23, an increase of ~11% year-on-year; record overall gross and net turnover of Rs 6,310.1 and Rs 5,616.8 crore respectively with strong performance across the board; record alcohol production and sales following our capacity expansion to 660 Kilo Liters Per Day (KLPD) and aggregate engineering business revenues of over Rs 500 crore and segment results of over Rs 100 crore. It is a matter of satisfaction to see the diversification of our profitability: Alcohol and Engineering businesses have accounted for more than 50% of the total segment results. It indicates that our business risks are getting well spread, leading to improvement in our business risk profile". Result PDF TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulations 47 of the SEBI (LODR) Regulations, 2015 as amended, we enclose copies of the newspapers advertisement pertaining to the audited financial results of the Company for the Q4 and FY23 ended on March 31, 2023 published in the Business Standard (English & Hindi) on 26th May, 2023. TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Investor Presentation
We send herewith a copy of investors' brief on the performance of the Company for the Q4 & FY2023 (consolidated) ended on March 31, 2023 for your information. The same is also being made available on the Company's website www.trivenigroup.com. TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Outcome Of The Board Meeting Held On May 25, 2023
Outcome of the Board Meeting held on May 25, 2023 TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Board Meeting Outcome for Outcome Of Board Meeting
1. Approved audited financial results for FY23. 2. Recommended a dividend of 325% i.e. Rs.3.25 per equity share of Re 1/- each of the Company for FY23. 3. Approved the re-appointment of Mr Tarun Sawhney (DIN:00382878) as Managing Director (designated as Vice Chairman & Managing Director) for a further period of five years w.e.f. 1.10.2023 to 30.9.2028. 4. Approved further capex of Rs.85 crore for sugar business group, which mainly includes expansion in the capacity of one of the existing sugar units at Sabitgarh. With the proposed expansion, the total crushing capacity of the Company will stand augmented to 63,000 TCD. 5. Approved the proposal for incorporating a special purpose vehicle with an investment not exceeding Rs.5 crores in one or more tranches for promotion of sports (including chess) in association with Triveni Turbine Limited, with key objective of enhancing the corporate visibility for Triveni Brand at a global level. TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Financial Results For Q4 And FY23 Ended March 31, 2023
This is to inform you that the Board of Directors of the Company at their meeting held today i.e. May 25, 2023, has inter-alia considered and approved audited financial results (stand -alone and consolidated) for the fourth quarter and financial year ended March 31, 2023. Accordingly the said results in the prescribed format under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed together with the Auditors Reports and the Newspaper publications issued by the Company. M/s S.S. Kothari Mehta & Company, Chartered Accountants, the Statutory Auditors of the Company have issued Auditors Report with an unmodified opinion on the said audited financial results.
