Now Reading: Triveni Q2 profit jumps to Rs 94 crore, sugar stocks rally up to 9%
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Triveni Q2 profit jumps to Rs 94 crore, sugar stocks rally up to 9%
Triveni Q2 profit jumps to Rs 94 crore, sugar stocks rally up to 9%
The Story in Brief
Shares of sugar companies rallied on Tuesday, 3 November, after Triveni Engineering & Industries reported a sharp jump in its second-quarter profit. The company posted a consolidated net profit of Rs 93.65 crore for the July-September 2026 quarter, against Rs 21.38 crore in the year-ago period. Total income rose to Rs 2,069.49 crore from Rs 1,927.13 crore.
Triveni Engineering shares surged 9 per cent to Rs 256.70 on the BSE, while Balrampur Chini Mills rose 5 per cent to Rs 631. Other sugar stocks, including Dhampur Sugar Mills, Ugar Sugar Mills, Mawana Sugars, Dwarikesh Sugar Mills, Shree Renuka Sugars and Uttam Sugar Mills, gained 3 to 5 per cent. Business Standard put Triveni's profit after tax at Rs 94 crore against a net loss of Rs 11 crore a year earlier, while The Hindu Business Line reported the profit at Rs 93.65 crore against Rs 21.38 crore.
The company attributed the turnaround to higher sugar realisations, a favourable product mix in the alcohol business, stronger by-product (DDGS) income and cost discipline. Domestic prices are expected to remain firm in the short term, with the global market projected to move into a deficit of around 0.9 MMT in 2026-27.
Indian Opinion Analysis
The two reports provide uniform coverage of Triveni's results, driven by the company's own disclosures and management commentary. The discrepancy in the year-ago profit figure appears to be a difference between standalone (a net loss of Rs 11 crore) and consolidated (Rs 21.38 crore) reporting, a detail neither outlet resolves. Both note the favourable sugar and alcohol mix, but Business Standard gives more space to the global supply outlook and the oil marketing companies' tender excluding sugarcane-based ethanol, while The Hindu Business Line quotes Chairman Dhruv M Sawhney at length on the challenging environment from firmer maize prices and lower ethanol prices. Neither source adopts a critical or sensationalist stance, the coverage is straight earnings reporting. The next item to watch is how sugar prices and the ethanol tender shape Triveni's performance in H2FY27.
The coverage is straightforward earnings reporting.
Coverage: 2 sources, 2 neutral
Sources (2): business-standard.com (neutral report), thehindubusinessline.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
