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TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 Pursuant to Regulation 46 of SEBI (LODR) Regulations, 2015, this is to inform you that the audio recording of the Analysts/ Investors Conference Call held on 25th January, 2023, post announcement of unaudited financial results for the quarter and nine months ended December 31, 2022 has been made available on the website of the Company and the same can be accessed through the following link:- https://www.trivenigroup.com/play_audio?link=files/financial-results/CDR2220230125145175.mp3
25-01-2023
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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 unaudited financial results of the Company for the Q3 & 9M FY23 ended December 31, 2022 published in the Business Standard (English & Hindi) on 25th January, 2023.
25-01-2023

Triveni Engg Consolidated December 2022 Net Sales at Rs 1,658.71 crore, up 48.67% Y-o-Y

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24-01-2023
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Q3FY23 Quarterly Result Announced for Triveni Engineering & Industries Ltd.

 Triveni Engineering & Industries announced Q3FY23 results: Consolidated Q3FY23 & 9MFY23: Profit before tax (PBT) before exceptional items during Q3FY23 increased by 7.4% and declined by 27.5% in 9MFY23 as compared to corresponding periods of previous year, to Rs 198.7 crore and Rs 311.9 crore respectively. The profitability in sugar business is lower as the cost of sugar sold pertaining to the previous season includes the impact of sugarcane price increase for the Sugar Season. 9MFY22 included export subsidy of Rs 57 crore relating to the previous period. Higher profitability of the aggregate engineering businesses is owing to strong revenue increase of 45.8% and 35.8% during the current quarter and nine-month period under review over the corresponding periods last year. The total debt on a standalone basis as on December 31, 2022 is Rs 389.09 crore as compared to Rs 525 crore as on December 31, 2021. Standalone debt at the end of the quarter under review, comprises term loans of Rs 334.39 crore, almost all such loans are with interest subvention or at subsidized interest rates. On a consolidated basis, the total debt is at Rs 480 crore as compared to Rs 592 crore as on December 31, 2021. Overall average cost of funds is at 4.75% during Q3FY23 as against 4.15% in the corresponding period of previous year. The company holds surplus funds through short-term fixed deposits of Rs 1,278 crore. Our proposed buyback of Rs 800 crore is pending statutory approval. Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Engineering & Industries Ltd, said: “Overall performance of the Company during the nine months ended December 31, 2022 has been satisfactory. In the current ongoing season, there is a declining trend of recoveries across the state of UP, for the ratoon crop, due to a variety of factors – mainly shortfall in rains in the grand growth period and thereafter, due to late rains in the month of October. However, in view of conducive weather, it is expected that there would be a catch-up in the balance part of the season for the plant crop and the gap will narrow down. We had addressed the issues relating to de-bottlenecking and modernisation in three of our sugar units and consequently, the crush during the quarter has increased by 25% over last year. However, the profitability of sugar operations has been impacted as cost of sugar sold in the current period includes the impact of the sugarcane price increase in the previous season, and it has not been fully offset by the increased sugar realization. We believe that it is the most appropriate time for the Government to reconsider the increase in the Minimum Support Price (MSP) of sugar to offset the impact of increased cane price. We have been able to get a remunerative export price having a substantial premium over the domestic sugar price, as a result of the Government making a timely announcement for the first tranche of exports of 6 million tonnes. In view of our increased distillation capacities, our production and sales volumes have increased substantially. However, the profit has not increased commensurately due to increased transfer price of B-heavy molasses, initial stabilization period of new distilleries and relatively lower margins on grain operations. There is an urgent need for the Government to rectify the pricing of ethanol produced from sugarcane juice and grain to improve the viability and enhance investments. It will help in faster setting up of additional capacity and achieve the targets of ethanol blending. The performance of engineering businesses is satisfactory with both turnover and profitability registering strong growth. In the Water business, we continue to selectively focus on projects with healthy returns, both in domestic and international markets. Water business has participated in many tenders and expects to received orders of substantial value. Orders in hand for Power Transmission are higher by 23% over corresponding previous quarter. In this segment, the Company’s high speed licence agreement with Lufkin Gears LLC expired in January 2023 and the business will now pursue the high-speed high-power segment independently with a focus on enhancing global market share in its identified target markets. We believe with an increased global presence, solid business model and strategy along with foray in defence will drive the Power Transmission business in the coming years. Our proposed buyback of Rs 800 crore is presently under approvals. The sale of stake in Triveni Turbine Limited has infused substantial funds in the Company, which, even after the proposed buyback, will meet the expansion requirements of the businesses and reduce finance costs on working capital requirements.” Result PDF
24-01-2023
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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 Q3 & 9M FY2023 (consolidated) ended December 31, 2022 for your information. The same is also being made available on the Company's website www.trivenigroup.com.
24-01-2023
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TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 We send herewith a copy of investors' brief on the performance of the Company for the Q3 & 9M FY2023 (consolidated) ended December 31, 2022 for your information. The same is also being made available on the Company's website www.trivenigroup.com.
24-01-2023
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TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Outcome Of Board Meeting - Announcement Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015

 The Board of Directors of the Company at its meeting held today, i.e. 24.1.2023 has inter-alia considered & approved/noted the following: (i) Noted that License Agreement dated 12th January, 2011 as amended, entered into between the Company and Lufkin Industries LLC for high-speed gears and gearboxes, has come to an end on the expiry of its term on 11th January, 2023. (ii) Noted that the modernization of three of the existing sugar units at Khatauli, Deoband and Sabitgarh, all in the State of Uttar Pradesh has been completed. Whereas the expansion of power transmission business is well on track and is expected to be completed by March'2023. Approved further capex of Rs.90 crore for sugar business group and Rs.100 crore for power transmission business. (iii) Approved the appointment of M/s Suresh Gupta & Associates (SGA), Company Secretaries (FCS: 5660 / CP: 5204) as Secretarial Auditor of the Company for the financial year 2022-23 ending on March 31, 2023.
24-01-2023
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TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Unaudited Standalone And Consolidated Financial Results Of The Company For The Third Quarter And Nine Months Ended December 31, 2022.

 Unaudited standalone and consolidated financial results of the Company for the third quarter and nine months ended December 31, 2022.
24-01-2023
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TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform you that the Company will organize its Q3 & 9M FY2023 results conference call for analysts and investors on Wednesday, January 25, 2023 at 12:30 p.m. IST. Details of the conference call are enclosed.
18-01-2023
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TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Board Meeting Intimation for Prior Intimation Under Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015, Of The Meeting Of The Board Of Directors Of Triveni Engineering & Industries Limited

 TRIVENI ENGINEERING & INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/01/2023 ,inter alia, to consider and approve TRIVENI ENGINEERING & INDUSTRIES LTD. has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/01/2023,inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the 3rd quarter and nine months ended December 31, 2022.
17-01-2023
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