Triveni Engineering & Industries Ltd reported a net profit of ₹268.7 crore for the financial year ended March 31, 2026, a 12.8% increase from ₹238.3 crore in the previous year. Revenue from operations for FY26 stood at ₹7,620.9 crore, up 11.9% from ₹6,807.9 crore in FY25. The results include the financial impact of the amalgamation of Sir Shadi Lal Enterprises Limited (SSEL), effective from April 1, 2025, with figures restated to reflect the acquisition date of June 20, 2024. The Board of Directors recommended a final dividend of ₹1.25 per equity share, subject to shareholder approval.

Quarterly Performance

On a quarterly basis, Triveni Engineering's consolidated net profit for Q4FY26 came in at ₹167.4 crore, compared to ₹187.1 crore in the same period last year. Revenue for the quarter stood at ₹1,833.7 crore versus ₹1,925.3 crore year-on-year. EBITDA for Q4 declined to ₹285.7 crore from ₹317.4 crore in the corresponding quarter of the previous year. The standalone quarterly net profit was reported at ₹167.38 crore on revenue of ₹1,833.69 crore.

Annual Financial Performance

For the full year, the company's earnings per share (EPS) increased to ₹12.2 from ₹10.9 in the previous year. Total comprehensive income for the year rose to ₹270.8 crore. Profit Before Tax (before exceptional items) stood at ₹378.2 crore. The board also approved the appointment of Mr Rishi Mohan Bansal as Cost Auditor for the Sugar Business for FY 2026-27.

Corporate Actions

The Board fixed Monday, August 31, 2026, as the record date to determine shareholder eligibility for the final dividend. The 90th AGM will be held via video conferencing on September 7, 2026. The trading window for designated persons, which was closed, will reopen 48 hours after the submission of the Board meeting's outcome to the stock exchanges.

Operational Highlights

Net turnover (net of excise duty) for FY26 increased by 10.6% due to higher sales volume in sugar and distillery segments and improved sugar realisation prices, while the Engineering business registered a marginal increase of 1%. Profitability (before exceptional items) during FY26 was higher by 16.7%, attributable mainly to the Distillery segment on account of lower procurement costs of maize and other production efficiencies. The company concluded a record buyback of ₹800 crore in FY23 and declared a dividend of ₹2.75 per equity share for FY26. The Board approved a scheme for the amalgamation of SSEL with Triveni Engineering & Industries Ltd and the demerger of the Power Transmission Business to Triveni Power Transmission Limited (TPTL).

triveni engineering & industries announced that the composite scheme of arrangement involving Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Limited became effective on May 19, 2026. The scheme was sanctioned by the National Company Law Tribunal (NCLT), Allahabad Bench, vide orders dated May 7, 2026, and May 18, 2026. The effectiveness follows the filing of certified copies of the NCLT orders with the Registrar of Companies on May 19, 2026, with the process for Form No. INC 28 completed the same day.

The NCLT had previously issued a rectification order on May 18, 2026, to address specific errors in the initial order. Key modifications included the deletion of directions regarding the dissolution of the amalgamating company and compliance requirements. The rectification clarified that Sir Shadi Lal Enterprises Limited would stand dissolved upon the scheme becoming effective, and consequently, its authorized share capital would not be enhanced. References to authorized capital enhancement in the original order pertain specifically to Triveni Engineering & Industries Limited.

Scheme Details

The composite scheme provides for the amalgamation of Sir Shadi Lal Enterprises Limited with Triveni Engineering & Industries Limited and the demerger of the PTB undertaking into Triveni Power Transmission Limited. The scheme is binding on all shareholders and creditors with effect from the Amalgamation Appointed Date and Demerger Appointed Date, both fixed as April 1, 2025.

Share Exchange Summary

The rectification also addressed statutory compliances, removing requirements for Triveni Power Transmission Limited to file revised memorandum and articles of association, as no alteration to its memorandum is required due to the absence of authorized capital enhancement.