Sugar company Triveni Engineering & Industries announced Q4FY26 & FY26 results Consolidated Financial Highlights: The company reported a Total Income of Rs 1,842.15 crore for Q4FY26, representing a marginal decrease of 0.01% compared to Rs 1,842.39 crore in Q3FY26 (QoQ) and a decrease of 4.78% compared to Rs 1,934.53 crore in Q4FY25 (YoY). For FY26, the Consolidated Total Income stood at Rs 7,697.03 crore, reflecting an increase of 12.11% from Rs 6,865.58 crore in FY25. Revenue from operations for Q4FY26 was Rs 1,833.65 crore, as against Rs 1,818.28 crore in Q3FY26 and Rs 1,925.28 crore in Q4FY25. Annual Revenue from operations for FY26 reached Rs 7,620.85 crore compared to Rs 6,807.94 crore in FY25, marking an 11.94% increase. The Consolidated Net Profit from continuing operations after tax for Q4FY26 was Rs 167.45 crore, showing a growth of 115.29% from Rs 77.78 crore in Q3FY26 (QoQ), but a decrease of 10.51% compared to Rs 187.12 crore in Q4FY25 (YoY). For the full year FY26, the Consolidated Net Profit stood at Rs 268.71 crore, an increase of 12.78% over Rs 238.26 crore in FY25. Total Comprehensive Income for Q4FY26 was Rs 169.37 crore, compared to Rs 78.08 crore in Q3FY26 and Rs 186.75 crore in Q4FY25. For FY26, it was Rs 270.77 crore as against Rs 231.62 crore in FY25. Basic and Diluted Earnings Per Share (EPS) for Q4FY26 stood at Rs 7.60, compared to Rs 3.53 in Q3FY26 and Rs 8.55 in Q4FY25. For the full year FY26, the EPS reached Rs 12.19 compared to Rs 10.88 in FY25. Standalone Financial Highlights: Standalone Total Income for Q4FY26 was Rs 1,838.77 crore, which is a 0.02% increase from Rs 1,838.42 crore in Q3FY26 (QoQ) and a 4.72% decrease from Rs 1,929.83 crore in Q4FY25 (YoY). For FY26, Standalone Total Income reached Rs 7,673.07 crore, up 12.04% from Rs 6,848.40 crore in FY25. Revenue from operations for Q4FY26 stood at Rs 1,833.69 crore, as against Rs 1,818.05 crore in Q3FY26 and Rs 1,924.91 crore in Q4FY25. Annual Standalone Revenue from operations for FY26 was Rs 7,620.48 crore, compared to Rs 6,807.08 crore in FY25, representing a growth of 11.95%. Standalone Net Profit for Q4FY26 was Rs 167.38 crore, up 118.25% from Rs 76.69 crore in Q3FY26 (QoQ), but down 9.92% from Rs 185.82 crore in Q4FY25 (YoY). For the full year FY26, Standalone Net Profit was Rs 258.56 crore, an increase of 9.78% compared to Rs 235.52 crore in FY25. Standalone EPS for Q4FY26 stood at Rs 7.60 (Basic and Diluted). For FY26, the annual EPS was Rs 11.73, compared to Rs 10.70 in the previous year. Business Highlights: Segment Performance: Sugar & Allied Businesses: This segment contributed the majority of revenue, totaling Rs 7,359.39 crore in FY26, compared to Rs 6,559.14 crore in FY25. Within this, the Sugar business accounted for Rs 4,476.60 crore and the Distillery business accounted for Rs 2,882.79 crore. Segment results for Sugar & Allied Businesses reached Rs 391.30 crore in FY26. Engineering Businesses: Revenue stood at Rs 608.45 crore in FY26, compared to Rs 603.27 crore in FY25. The segment includes Power transmission (Rs 339.94 crore) and Water (Rs 268.51 crore). Segment results were Rs 151.42 crore for FY26. Dividend: The Board of Directors has recommended a final dividend of 125% i.e. Rs 1.25 per fully paid-up equity share of face value of Re 1/- each for FY26. This is in addition to an interim dividend of 150% (Rs 1.50 per equity share) paid earlier in the year. Amalgamation and Demerger: The Hon'ble National Company Law Tribunal approved the Composite Scheme of Arrangement involving the amalgamation of Sir Shadi Lal Enterprises Limited (SSEL) with the Company and the demerger of the Power Transmission Business undertaking into Triveni Power Transmission Limited (TPTL). Exceptional Item: The company accounted for a liability of Rs 14.06 crore as an exceptional item related to employee benefits obligations following the notification of New Labour Codes. Dhruv M. Sawhney, Chairman & Managing Director, Triveni Engineering & Industries, said: "I am pleased to report that the Composite Scheme of Arrangement with regard to the amalgamation of Sir Shadi Lal Enterprises Ltd. (SSEL) with the Company and demerger of the Power Transmission Business (PTB) of the Company and its vesting in Triveni Power Transmission Ltd. (TPTL) has received the approval of the NCLT and a certified copy of the NCLT's order has been filed with the Registrar of Companies on May 19,2026, making the Scheme effective. While the amalgamation of SSEL takes effect from the appointed date of 01-04-2025 and has accordingly been dealt with in the financials of FY26, the accounting impact of demerger shall be given effect to in FY27, since the appointed date of demerger is 01-04-2026. Accordingly, this is the final year when the financial results and operations of the PTB shall form part of the Company and this business shall be pursued in TPTLfrom FY27 onwards. Despite a challenging operating environment which prevailed in FY26, particularly in the last quarter, the Company has delivered healthy results, aided by major turnaround in the profitability of the Distillery segment. The Sugar segment by and large maintained its profitability, whereas the PTB suffered decline in turnover and profitability due to disruption in the market caused by the prevailing geopolitical situation, resulting in deferment of deliveries. The sugarcane crushed during the season 2025-26 was impacted, particularly in West Uttar Pradesh zone, where substantial crushing capacity of the Company exists. The decline in crush in West UP was on account of lower yields due to various agro-climaticfactors and substantial diversion of the crop to alternate sweeteners in select areas due to strong jaggery prices. However, the recovery of sugar improved during the current season and was 26 basis points higher than the last season as a result of the cane development activities undertaken in the previous season. In season 2025-26 our sugar operations were carried out based on C-heavy molasses, which together with the increased recovery resulted in our achieving an overall sugar production of 0.91 million tonnes, around the same level as last year. The Company continues with its efforts to enhance yields and having substantially replaced cane variety CO 238 in Central and Eastern UP, it endeavours to further lawer the proportion of CO 238 variety in West UP progressively. The sugar stocks in the country are likely to settle around 4.6 million tannes by end of sugar year 2025-26, which is expected to help the sugar prices in remaining firm and stable going forward. The distillery operations witnessed a marked improvement, owing to lower procurement prices of maize and better availability of feedstocks. There is however, an urgent need to address the over capacity of ethanol manufacturing facilities in the country. The conflict in West Asia and consequent disruptions have led to a sharp increase in global crude oil prices and the Government is focussed on the need to cushion the import bill through increased blending of ethanol beyond the E20 targets and is exploring other avenues to boost demand of ethanol. The capacity already exists and it now needs a well-coordinated roadmap and balanced policy action to ensure that benefits translate across the entire value chain. Ethanol prices from certain sugarcane-based feed stocks have remained unchanged for three years, even though input costs have risen consequent to successive increases in the price of sugarcane. We expect that the Government shall address these issues on a priority and evolve a framework to provide long term stability to the operations of the industry. The performance of Power Transmission Business was impacted by the uncertainties that prevailed, particularly in Q4FY26 due to the conflict in West Asia which had an impact on despatches for both, global and domestic customers. The business has however continued to maintain its profitability margins and has ended the year with a 25% higher order book. We continue to focus on gaining market share in the international market and have set up a wholly owned step-down subsidiary in Switzerland in this endeavour. The Capex programme is proceeding satisfactorily and major machineries have been installed/commissioned at our new Defence facility. Growing enquiry levels, continued engagement with key customers and major global OEMs as well as our proven technical competence and cost efficiencies provide us with the conviction of charting a sustained growth path as we demerge this business into a separate entity and unlock value for our shareholders." Result PDF