Mid-cap engineering stock with specialization in multiple industries is in focus after it jumped up to 5 % following its announcement of an MoU with Rolls-Royce.
Share Price Movement
With a market capitalization of ₹8,558 Crore, the stock of Triveni Engineering & Industries opened at ₹382 up 0.5 % from yesterday’s close of ₹380, and after opening, it made an intraday high of ₹398.80 up 4.97%.
MoU Update
Triveni Engineering has inked a Memorandum of Understanding ( MoU ) with Rolls-Royce for 4MW marine gas turbine generators for customers in India. This would include several key areas, including the design, development, and manufacturing of the marine GTGs, as well as comprehensive sales and support activities.
Financial Highlights
The company reported a 2.98 % YoY decrease in revenue from ₹1553.64 Crore in Q3FY24 to ₹1600.30 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 8.46 % in revenue from ₹1748.33 Crore in the previous quarter.
Their Net profit saw a 69 % YoY decrease from ₹137.40 Crore to ₹42.57 Crore for the same period. On a QoQ basis, the company reported a profit from a loss of ₹22.42 Crore in the previous quarter.
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Segment Analysis
Largest share of the revenue for the company comes from Sugar & Allied Businesses which accounts for 98.87 % of total revenue then comes the Engineering Businesses, which accounts for other 1.12% of the total revenue.
About the Company
Triveni Engineering & Industries Limited is a diversified Indian company specializing in sugar production, ethanol manufacturing, power transmission, water treatment, and defense engineering. Headquartered in Noida and established in 1932, it is one of India’s largest integrated sugar producers, with multiple distilleries for ethanol and alcohol production. The company also manufactures high-speed gears, gearboxes, and steam turbines for industrial and defense applications.
Written By Abhishek Das
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