Triveni Engg stock drops 5% after Q2 loss, subdued profitability

The fall was also triggered by a spike in trading volumes in the counter.

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26 Aug, 2025 12:21

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Shares of Triveni Engineering and Industries dropped as much as 5 percent on November 6, weighed down by the company's dismal earnings performance for the July-September quarter.

The company reported a consolidated net loss of Rs 22.4 crore for the September quarter, a sharp downturn from a net profit of Rs 29.1 crore in the same period last year, due to subdued profitability in its sugar and alcohol businesses.

Revenue grew 8.1 percent on year to Rs 1,748.3 crore in Q2 of FY25, compared to Rs 1,617.4 crore in the previous year.

Operational performance took a sharp hit as EBITDA margin contracted to a mere 1.2 percent in Q2, a steep fall from 5.3 percent reported in the year-ago period.

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"Overall profitability of the company for the first half of FY25, was subdued, impacted by lower margins in the alcohol business and losses from the newly acquired subsidiary Sir Shadi Lal Enterprises," Chairman and Managing Director Dhruv M Sawhney stated in an exchange filing.

The profitability was dragged down by the sugar and alcohol segments, while the engineering businesses contributed to higher profitability.

Profitability for the sugar business took a hit in Q2 and H1 FY25, remains subdued as there were no manufacturing operations during the quarter and all off-season expenses were spent during the period.

At 12.43 pm, shares of Triveni Engineering were trading at Rs 406.40 on the NSE. The fall was also triggered by a spike in trading volumes in the counter. As much as nine lakh shares changed hands on the exchanges so far, significantly higher than the one-month daily traded average of five lakh shares.

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