Triveni Engineering

Triveni Engineering is engaged into manufacture of sugar, co-generation and steam turbines and had changed its financial year to close, ending on 30-09-08. So now, the company has presented results for the second quarter ended 31/03/08.

The company has emerged out of the woods long time ago. Mired in losses during June 2007, the company is now well engrained on the path of profits. For the current second quarter, on a QoQ, the net sales of the company rose 9.16% at Rs.378.53 crore, of which 53% came in via sugar, though it added just Rs.1.13 crore to the bottomline. 37% of the net sales came via the engineering division making steam turbine which added Rs.37.96 crore to the EBIT and co-generation contributed Rs.27.78 crore. So despite sugar being the biggest contributor to the topline, it has added the least to the bottomline. Steam turbine unit remains its largest money earner.

EBIDTA was up 28% at Rs.89.74 crore, PBT rose 44% at Rs.44.46 crore and PAT rose 33% at Rs.34.28 crore.

The writing on the wall is clear – companies which depend only on sugar to add on to its bottomline will continue to suffer but those, having multi divisions, will manage to get by. Triveni was saved only because of its engineering and co-gen units or else it would have wallowed in losses.