TRIVENINSE3 August 2022

Triveni Engineering & Industries Limited has informed the Exchange about Investor Presentation

Triveni Engineering & Industries Limited

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PIVEnI ENGINEERING & INDUSTRIES LTD.

, +91120 4308100

+91 120 4311010/11 e www .trivenigroup.com

rd Date: 3 August,

022

REF:TEI L: SE: BSE Limited Department of Corporate Services, Rotunda Building, P.J. Tower, Dalal Street, Fort, MUMBAI - 400 00 I Thru: BSE Listing Centre STOCK CODE: 532356 Sub: Investors' brief for Q1 FY 2023 ended June 30, 2022

National Stock Exchange oflndia Ltd., Listing Department Exchange Plaza, 5"Floor, Bandra-Kurla Complex, Sandra (E), MUMBAI - 400 051 Thru: NEAPS STOCK CODE: TRIVENI

Dear Sirs,

We send herewith a copy of investors' brief on the performance of the Company for the QI FY2023 (consolidated) ended June 30, 2022 for your information. The same is also being made available on the Company's website www.trivenigroup.com.

Thanking you,

Yours faithfully, For Triveni Engineering & Industries Ltd.

-011 GErA BHALLA Group Vice President & Company Secretary M.No.A9475

Encl: As above

Co rpo rate Office: 8th Floor, Express Trade Towers, Plot 15 & 16, Sector 16-A, Noida, Uttar Pradesh - 201301, India. Reg istered Office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh. C\N No.: L15421UP1932PLC022174

Registered office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh, India. Corporate office: Express Trade Towers, 8th floor, 15-16, Sector 16A, Noida 201301, Ph: 0120-4308000, Fax: 0120-4311011 CIN: L15421UP1932PLC022174

For immediate release

Q1 FY 23 Consolidated Results ended June 30, 2022

• Revenue from Operations (Net of excise duty) at ` 1225.67 crore, a growth of 18.2% • Profit before Tax at ` 88.68 crore • Profit after Tax at ` 66.45 crore

• Sugar Businesses

▪

In Sugar Season (SS) 2021-22, achieved sugarcane crush at 8.41 million tonnes with gross recovery of ~ 11.70% and sugar production of 0.89 million tonnes

▪ Distillery revenues (net of excise duty) and profitability grew substantially due to commissioning of additional capacity of 200 KLPD during the quarter resulting in increased sales volumes

▪ With the commissioning of a new 60 KLPD grain-based distillery at existing distillery complex at Muzaffarnagar (U.P.) and enhancement of the capacity of two existing distilleries by 40 KLPD each, subsequent to the quarter, presently, total distillery capacity stands at 660 KLPD

• Engineering Businesses

▪ Water business has secured its second international project, in Bangladesh ▪ Robust order booking in both Power Transmission and Water Business ▪ Order booking in Power Transmission grew 41.5% year-on-year, this trend is

expected to continue and support strong revenue growth in FY 23 and FY 24 ▪ Outstanding order book of ` 1,889 crore for combined Engineering Businesses

• Board Approval

▪ The Board of Directors have approved the expansion programme to set up two new dual feedstock (sugarcane derived and grain) distilleries with an aggregate capacity of 450 KLPD at Rani Nangal and Sabitgarh, U.P., subject to receipt of necessary statutory clearances, raising total distillation capacity to 1110 KLPD at an aggregate cost of about ` 460 crore. These distilleries are expected to commence commercial production in Q3 FY 24.

Mysuru, August 03, 2022: Triveni Engineering & Industries Ltd. (‘Triveni’), one of the largest

integrated sugar producers in the country, a dominant player in engineered-to-order high speed gears

& gearboxes and a leading player in water and wastewater management business, today announced

its financial results for the first quarter ended Jun 30, 2022 (Q1 FY 23). The Company has prepared

the financial results based on the Indian Accounting Standards (Ind AS) and as in the past, has been

publishing and analyzing results on a consolidated basis.

PERFORMANCE OVERVIEW: Q1 FY 23 (Consolidated)

Revenue from Operations (Gross)

Revenue from Operations (Net of excise duty)

EBITDA

EBITDA Margin

Share of income from Associates

Profit Before Tax (PBT)

Profit After Tax (PAT)

Other Comprehensive Income (Net of Tax)

Total Comprehensive Income

EPS (not annualized) (`/share)

Q1 FY 23

1,361.48

1,225.67

123.75

10%

8.37

88.68

66.45

-1.74

64.71

2.75

Q1 FY 22

1111.46

1036.76

153.22

15%

6.06

123.89

92.30

-0.16

92.14

3.82

In ` crore

Change (%)

22.5%

18.2%

-19.2%

38.1%

-28.4%

-28.0%

-29.8%

• Net turnover has increased by 18.2% in Q1 FY 23 primarily driven by higher sugar and alcohol

dispatches along with higher realizations

• Profit before tax (PBT) declined by 28.4% on a year-on-year basis to ₹ 88.68 crore. This is mainly

because the previous corresponding quarter included a net income of ₹ 45.31 crore on account of

export subsidy pertaining to FY 21.

• In respect of distillery operations, higher realisations along with commissioning of additional capacity

in Q1 FY 23 resulting in higher sales volumes, have contributed to the increase in profitability by 44.3%

on a year-on-year basis.

• Engineering business at an aggregate level reported strong revenue increase of 32.9% during the

current quarter over the corresponding period last year.

• Power Transmission Business order booking in Q1 FY 23 reported an impressive growth of 41.5% over

the corresponding period last year. We expect this strong growth trend to sustain in the coming

quarters, which would boost revenue growth for FY 23 and FY 24.

• The total debt on a standalone basis as on June 30, 2022 is ₹ 1541.53 crore as against ₹ 1503.74 crore

as on March 31, 2022. It comprises term loans of ₹ 386.09 crore, almost all such loans are with interest

subvention or at subsidized interest rate. Higher debt level as on June 30, 2022 is owing to faster

sugarcane price payment. There are no outstanding cane dues as on June 30, 2022 as against ₹ 213.48

crore as on March 31, 2022 and ₹ 272.65 crore as on June 30, 2021. On a consolidated basis, the total

debt is at ₹ 1617.68 crore as on June 30, 2022 as against ₹ 1567.96 crore as on March 31, 2022. It

comprises term loans of ₹ 462.24 crore.

• Overall average cost of funds is at 5.07% during Q1 FY 23 as against 5.27% in the corresponding period

of previous year.

Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and

Managing Director, Triveni Engineering & Industries Ltd, said:

“We are pleased to note that in the recently concluded Sugar Season (SS) 2021-22, the Company

registered good performance despite general trends of low yields and recovery in the state of Uttar

Pradesh. Both the engineering businesses have also performed well with robust order booking, this

trend is expected to continue and result in revenue growth in FY 23 and FY 24.

We are enthused with the performance of the distillery segment. As against capacity of 320 KLPD

operated in FY 2021-22, our capacity currently stands at 660 KLPD which will result in significant

growth in the turnover and profitability of the distillery segment. We have decided to further expand

the capacity by 450 KLPD so that it becomes a sizeable business and provides significant revenue

streams. We have full confidence in the commitment of the Government of India (GoI) to the Ethanol

Blended Petrol (EBP) programme and are augmenting capacities on dual feedstock basis to provide us

flexibility to select the feedstock based on commercial economics.

With expected production of 36.2 million tonnes of sugar and exports of 11 million tonnes in the Sugar

Season (SS) 2021-22, closing inventories are expected at 6.09 million tonnes. Based on the current

sowing, pattern of rainfall and crop condition, production of 35.5 million tonnes of sugar is estimated

in the ensuing sugar season i.e. SS 2022-23. To maintain the balance, exports of around 8 million

tonnes will be required and hence, it is imperative that clarity is provided on exports for the next

season at the earliest to capitalize on the international price opportunities and INR depreciation.

With respect to the Company’s sugar business, the previously announced debottlenecking and

modernization plans at three of our sugar units are progressing well and we expect this activity to be

completed by October 2022 as communicated earlier. For the upcoming sugar season, with increase

in cane area by 3% this year, better crop health, more focused crop surveillance plan and a good

forecast of monsoon, we expect increase in yield and production and hence cane availability and

consequently higher crush for the Company.

On the engineering side, we believe both our Power Transmission and Water businesses are well

placed for the long-term. In Power Transmission business, we believe the growth in domestic economy

along with Atmanirbhar Bharat Abhiyan (Self-reliant India campaign) will drive capex across end user

industries. This coupled with the Company’s strategy and plan to increase its global footprint will lead

to growth at an accelerated pace in the coming years. In the Water business, the growing water

scarcity is catalysing new opportunities in the areas of recycle, reuse and Zero Liquid discharge. We

believe that the disruption caused by the pandemic has largely been over and normalcy in business

environment is returning which will lead to floating of tenders for new projects as well as finalization

of earlier tenders. With its leadership position and robust financials, Triveni is equipped to capitalize

on these increased opportunities.”

Q1 FY 23: BUSINESS-WISE PERFORMANCE REVIEW

(all figures in ` crore, unless otherwise mentioned)

The consolidated results of the Company include share of its profit in the associates, Triveni Turbine Limited (TTL) in which

the Company holds 21.85% equity capital.

Sugar business

Triveni is one of the largest sugar producers in the Indian sugar sector, with seven sugar

manufacturing facilities located in the state of Uttar Pradesh.

Performance

Apr-Jun 2022

Apr-Jun 2021

Sugar Season 2021-22

Sugar Season 2020-21

1.80

Sugarcane Crush (Million Tonnes) Gross Recovery (%)* Net Recovery (%) Sugar Production (Tonnes) (*) Gross recoveries are after adjustment on account of B-heavy molasses and syrup diversion

12.55 11.35 186593

12.07 10.47 188585

11.70 10.55 887171

1.64

8.41

8.54

11.86 10.98 937801

Sugar Dispatches (Tonnes)

- Domestic - Exports - Total

Domestic Realization price (`/MT) Export Realization price (Ex-mill price excl. subsidy) (`/MT) Revenue (` crore) PBIT (` crore)

Q1 FY 23

Q1 FY 22

239540 - 239540 35293 -

1051.69 53.29

175952 38066 214018 33381 25785

897.19 94.97

Change (%)

36.1% - 11.9% 5.7%

17.2% -43.9%

• Previous quarter includes export subsidy of ₹ 45.31 crore pertaining to exports made in FY 21.

• Excluding the impact of export subsidy, profitability has improved due to higher sale volumes

and improved domestic realization prices.

• The sugar inventory as on June 30, 2022 was 46.80 lakh quintals, which is valued at around ₹

32.2/kg. Sugar inventory at the same point last year stood at 45.12 lakh quintals.

• Co-generation operations (including incidental co-generation) achieved external sales of ₹ 16.91

crore during Q1 FY 23 as against ₹ 14.23 crore in Q1 FY 22, an increase of 19%.

Industry Scenario – Domestic

•

To arrive at the closing stock for the current sugar season (SS 2021-22), the Company considers

the following:

o Opening stock of 8.2 million tonnes as on 1st October 2021

o Estimated domestic consumption of 27.3 million tonnes

o Sugar exports of 11.0 million tonnes

o Sugar production of 36.2 million tonnes. This is after considering diversion of 3.4 million

tonnes of sugar equivalent into ethanol.

o Thus, reaching at closing stock as on 30th September, 2022 at around 6.09 million tonnes,

sufficient for 2-2.5 months of domestic consumption.

• On the export front, we believe that around 10 million tonnes of sugar has been exported

between October 2021 and July 2022.

• We expect announcement of 1.2 million tonnes additional quota out of which 1.0 million tonne

is likely to be physically exported by September 30, 2022.

• Earlier in May 2022, the Government had capped sugar exports at 10.0 million tonnes for the SS

2021-22.

• For SS 2022-23, based on the initial estimates, the total acreage under sugarcane in the country

is expected to be around 58.28 lakh hectares, ~4% higher than SS 2021-22 sugarcane area of

around 55.83 lakh hectares.

• Based on the Company’s estimates, the sugar production in SS 2022-23 is also estimated to be

higher at ~40 million tonnes before considering diversion towards ethanol as against 39.6 million

tonnes that we estimate for SS 2021-22. However, the expected sugar diversion towards ethanol

production is expected to be higher than the previous season, at 4.5 million tonnes leading to net

sugar production of 35.5 million tonnes. We expect exports of ~ 8 million tonnes and the balance

consumption in the country to be at ~27.5 million tonnes or marginally higher.

Industry Scenario – International

• Recent industry reports expect a global surplus of 2-3 million tonnes for the 2022-23 season as

compared to a marginal surplus expected for this season (2021-22). This is mainly due to increase

in production mainly in Asia, Brazil.

• For the 2022-23 season, in Asia, apart from substantial increase expected in India and Pakistan,

the production is also expected to increase in Thailand and after disappointing results this season,

a rebound in Chinese cane sugar production is also expected.

• Meanwhile, the CS Brazil sugarcane crop is expected to also recover next season, as it moves

beyond the drought impact seen in the previous season. Though mills in Brazil are likely to divert

more cane for ethanol production in the coming year.

• Global sugar prices have softened recently. After touching US 20.27 cents/lb in April 2022, the

New York 11 Raw Sugar front month futures contract is currently hovering between US cents

17.5/lb to 18/lb. The London White Sugar front month contract was trading at $ 522.20/tonne on

August 2, 2022, after witnessing highs of $570/tonne earlier in the year.

Alcohol (Distillery) business

Triveni’s existing distillery at Muzaffarnagar primarily produces Ethanol and Extra Neutral Alcohol

(ENA). Distilleries at Sabitgarh & Milak Narayanpur produce Ethanol.

Performance

Q1 FY 23

Q1 FY 22

Operational details Production (KL) Sales (KL) Avg. Realisation (`/ ltr) IMIL Sales (Lakh Cases) Financial details Revenue Net of Excise Duty (` crore) PBIT (` crore)

42273 38902 57.80* 6.56

243.42 49.84

*Includes relief announced by OMCs from June 1, 2022

26814 27315 53.98 3.09

152.86 34.54

Change (%)

57.7% 42.4% 7.0% 112.3%

59.2% 44.3%

• Higher sales volumes and improved realisations due to product mix and increase in price

(including relief recently announced by OMCs) led to strong growth in turnover and profitability

in the current quarter.

• Ethanol produced from B-heavy molasses constitutes 90% of the sales volume in the current

quarter as against 81% in the corresponding period of the previous year.

• During the quarter, additional capacity of 200 KLPD was commissioned - a new 160 KLPD dual

feed distillery at Milak Narayanpur and enhancement of capacity of the existing distillery at

Sabitgarh from 160 KLPD to 200 KLPD.

• Subsequent to the quarter, the Company has enhanced its overall capacity to 660 KLPD.

• Unit-wise capacities are as follows: Milak Narayanpur distillery 200 KLPD, Sabitgarh distillery 200

KLPD and Muzaffarnagar facility comprising of 200 KLPD on molasses and 60 KLPD on grain

aggregating to 260 KLPD.

Domestic Industry Scenario

• Out of the 449.0 crore liters finalized by the Oil Marketing Companies (OMCs) for the Ethanol

Supply Year 2021-22 (Dec-Nov) against a total requirement of 458.6 crore liters, contracts for

445.2 crore liters have been executed till July 17, 2022.

• Against the above, 282.5 crore liters have been lifted by the OMCs and the average blending

percentage is 10.17% till July 17, 2022.

• During the next year 2022-23, it is estimated that 545 crore litres of ethanol would be required

and supplied since the target of 12% blending is expected to be achieved.

• During the quarter, the OMCs have declared monetary relief on dispatch of Ethanol for supplies

made between June 1, 2022 to Nov 30, 2022 as below. This is to compensate for high energy costs

and to boost biofuel production. This is in addition to declared Ethanol prices.

Feedstock

Relief Amount (₹/KL)

Sugarcane Juice/Sugar/Sugar Syrup based Ethanol

B-Heavy Molasses based Ethanol

C-Heavy Molasses based Ethanol

Damaged Food Grain based Ethanol

Surplus Rice based Ethanol

1604

1493

1179

2337

1437

Power Transmission Business

This business based at Mysuru involves manufacturing of high-speed gears and gearboxes up to

70MW capacity with speeds of 70,000 rpm.

Performance

Q1 FY 23

Q1 FY 22

Change (%)

Revenue (` crore) PBIT (` crore) Order Booking (` crore) Closing Order Book (₹ crore)

30.43 8.77 53.89 243.39

28.27 8.24 38.08 165.82

7.6% 6.4% 41.5% 46.8%

• Order booking in Q1 FY 23 reported an impressive growth of 41.5% over the corresponding

period last year. This growth trend is expected to continue and support strong revenue

growth in FY 23 and FY 24

• The outstanding order book as on June 30, 2022 stood at ₹ 243.39 crore including long

duration orders of ₹ 110 crore

Outlook

• PTB is focused on increasing the global market share and global footprint across various

industrial segments through Domestic and Overseas OEMs. Sectors such as Power, Cement,

Fertilizer, Petrochemicals, Steel, Paper, Sugar and Ethanol etc. are potential segments where

the segment expects growth in the immediate future.

• The Defence business is also poised to grow, expanding its current portfolio in tandem with

the Government of India’s ambitious plans to spend on the country’s defence, especially in

the naval segment.

Water business

This business is focused on providing world-class solutions in water and wastewater treatment to

customers in industrial and municipal segments. This business is gaining faster momentum and is

getting recognition in a high potential market as a supplier of superior quality products and services

at competitive costs.

Performance

Revenue (` crore) PBIT (` crore) Orders Received (₹ crore)* Closing Order Book (₹ crore)**

Q1 FY 23

Q1 FY 22

Change (%)

65.26 2.55 176.79 1645.47

43.74 5.87 166.38 1580.25

49.2% -56.6% 6.3% 4.1%

*excluding O&M orders ** including long duration orders for Operations & Maintenance (O&M)

• The above results are based on consolidated results including wholly owned SPV executing

Mathura Project awarded by National Mission of Clean Ganga (NMCG) under Namami Gange

Programme and PALI ZLD Pvt. Ltd.

• WBG has completed construction of various facilities of company’s Mathura Hybrid Annuity Model

(HAM) project for NMCG/Uttar Pradesh Jal Nigam (UPJN). Part of these facilities have already

passed through performance guarantee (PG) tests successfully and balance ones are undergoing

the same.

• During the quarter, the Company has secured its second international project, in Bangladesh. This

project is an EPC order and under a joint-venture arrangement with a Bangladeshi company.

• The Company is expecting robust order booking in the coming quarters and is well placed in certain

bids being evaluated and has visibility of bids of substantial value which are expected to be floated

during the year

• The outstanding order book as on June 30, 2022 stood at ₹ 1645.47 crore, which includes ₹ 950

crore towards O&M contracts for a longer period of time

Outlook

• The outlook for the Water business is positive and new opportunities are expected to arise from

Central and State funded schemes.

• WBG sees a good bidding opportunity, including in EPC and HAM projects.

Attached: Details to the Announcement and Results Table

About Triveni Engineering & Industries Limited Triveni Engineering & Industries Limited (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar and engineering. The Company is one of the largest integrated sugar manufacturers in India and amongst the leading players in its engineering businesses comprising Power Transmission business and Water & Wastewater treatment solutions. TEIL currently has seven sugar mills in operation at Khatauli, Deoband, Sabitgarh, (all in western Uttar Pradesh), Chandanpur, Rani Nangal and Milak Narayanpur (all in central Uttar Pradesh) and Ramkola (eastern Uttar Pradesh). While the Company’s Power Transmission (Gears) manufacturing facility is located at Mysuru, the Water & Wastewater treatment business is located at Noida. The Company currently operates 6 co- generation power plants located across five sugar units, with 104.5 MW grid connected co-generation capacity.

The Company has four state-of-the-art distilleries spread across Muzaffarnagar (MZN), Sabitgarh (SBT) and Milak Narayanpur (MNP) with 660 KLPD current capacity. High-quality Ethanol is manufactured at SBT distillery. The distillery at MNP is a multi-feed distillery while MZN houses two distilleries with the latest being a grain-based distillery. MZN, existing facility of 200 KLPD, also boasts of flexible product manufacturing capability - Ethanol, Extra Neutral Alcohol (ENA), Rectified Spirit (RS) and Denatured Spirit (SDS) The Company also manufactures Indian Made Indian Liquor (IMIL) at this distillery. The grain-based distillery manufactures superior quality ENA as well as Ethanol with broken/damaged rice as a feedstock that can be supplied to IMFL manufacturers, and can be utilised for captive consumption.

The Company produces premium quality multi-grade crystal sugar, raw (as per the market/export requirements), refined and pharmaceutical sugar. All of the Sugar units are FSSC 22000 certified. The sugar is supplied not only to household consumers but also to bulk consumers. The Company has supply chain relationship with leading multinational beverage, food & FMCG companies, pharmaceutical companies and leading confectionery producers. It also has a strong presence in branded sugar market through its brand “Shagun”.

The Company is a dominant market player in the engineered-to-order turbo gearbox manufacturer in India. The Power Transmission business has 3 different business segments – Gears, Defence, Built to Print. It delivers robust and reliable Gears solutions which cover a range of applications and industries to meet the ever-changing operating conditions and customers’ requirements. The Company has become a dominant supplier to all major OEMs in the country, offering solutions to all industrial segments including Oil and Gas as per AGMA, API-613 and API-677 standards. It remains the market leader in high-speed Gears and Gearboxes up to 70 MW capacity and speed of 70,000 rpm. The major product portfolio includes steam turbines, gas turbines and compressor gearboxes under the High-Power High-Speed segment. In the Low-Speed segment, the Company focuses on the gearboxes used in applications such as reciprocating pumps and compressors, hydel turbines, mill and extruder drives for metal, sugar, rubber and plastic industries, marine applications, etc. Its robust and reliable products are backed by 360-degree service solutions which minimise the downtime for its customers. The Company provides health monitoring services for all types of critical gearboxes, high-speed and low-speed, as well as maintains an inventory of dimension ready sites for immediate solution.

The Company provides complete and sustainable water technology solutions across the water usage segments. Advanced Solutions offered for total water management include turnkey / EPC, customer care, operations and maintenance, life cycle models such as Design, Build Own & Operate (DBOO), Design, Build Own Operate and Transfer (DBOOT), BOOT, equipment supply for unit processes like screening, grit separation, clarification and sludge handling. The Customer Care Division offers value added services for operation management and performance optimisation. The quality service offerings are tailored to customers’ requirements, which in many cases form an integral part of the main contract - operations and maintenance, annual maintenance contracts, product & process audit, health check-up and overhauling, pilot experiments, refreshment, upgradation and automation of existing plants, spares and service consumables and chemicals and on-site training and assistance.

Triveni Brands is the FMCG Division of the Company which currently constitutes Shagun Sugar, SuperGuard, Triveni Sugar and the Private Label Business. The mission of this division is to create innovative and high-quality products that delight customers. Our products have a strong omni-channel strategy and we are committed to growing in a sustainable manner while keeping customer at the very center.

As a result of a scheme of arrangement in 2010, the turbine division of the Company demerged into Triveni Turbine Limited (TTL). The Company holds 21.85% equity capital of Triveni Turbine Limited.

For further information on the Company, its products and services please visit www.trivenigroup.com

Surabhi Chandna Triveni Engineering & Industries Ltd Ph: +91 120 4308000 Fax: +91 120 4311010, 4311011 E-mail: ir@trivenigroup.com

Gavin Desa/ Rishab Barar CDR India Ph: +91 22 6645 1237 / 1235 Fax: +91 22 22844561 E-mail: gavin@cdr-india.com|rishab@cdr-india.com

Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Triveni Engineering & Industries Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Regd. Office : A-44, Hosiery Complex, Phase-IJ Extension, Noida, Uttar Pradesh - 201 305 Corp. Office : 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, Uttar Pradesh - 201 301 CIN : L15421UP1932PLC022174

Statement of Standalone Unaudited Financial Results for the Quarter ended June 30, 2022

Paiticulars

B0/Jun/2022 (Unaudited)

3 Months ended: ‘31/Max/2022 (Audited) (refer note 6)

€ in lakhs, except per share data)

30/Fun/2021 (Unaudited)

‘Year ended 31/Mar/2022 (Audited)

1 Revenue from operations 2 Other income Total income

3 Expenses (a) (b) © Changes in inventories of finished goods, stock-in-trade and

Cost of materials consumed Purchases of stock-in-trade

work-in-progress Excise duty on sale of goods

(a)

Employee benefits expense Finance costs Depreciation and amortisation expense

(e) (f) (g) (h)_Other expenses Total expenses r ro Fy loss) from continuing operations Profit/(1c

inuin;

tions

bef

before exceptional tional

5 Exceptional items (net) - income/ (expense) 6 Profit/(loss) from continuing operations before tax 7 Taxexpense

(a) Current tax (b}_Deferred tax Total tax expense _Profit/(loss) from continuing operations after tax Profit/ (loss) from discontinued operations

8 9 10 Tax expense of discontinued operations 11. Profit/ (loss) from discontinued operations (after tax) 12 Profit/(loss) for the period 13 Other comprehensive income

A (i) Items that will not be reclassified to profit or loss A (ti) Income tax relating to items that will not be reclassified to

profit or loss Items that will be reclassified to profit or loss

B (i) B (ii) Income tax relating to items that will be reclassified to profit

or loss

Other comprehensive income for the period, net of tax

14 Total comprehensive income for the period 45 Paid up Equity Share Capital (face value € 1/-) 16 Other Equity 17 Earnings/ (loss) per share of € 1/- each (not annualised)

(a) (b)

Basic (in 8) Diluted (in) 18 Capital redemption reserve 19 Net worth 20 Ratios (refer note 4)

(a) (b)_ (6) (@) {e) (f) (g) (h) (i) @ (k) (}

Debt equity ratio Debt service coverage ratio Interest service coverage ratio Current ratio Long term debt to working capital Bad debts to accounts receivable ratio (not annualised) Current liability ratio Total debts to total assets Debtor turnover (not annualised) Inventory turnover (not annualised) Operating margin (%) Net profit margin (%)

See accompanying notes to the standalone financial results

136043 825 136868

68904 1289 20402

13581

7767 2013 2179 10749 128904 7964

- 7964

1822 185 2007 5957 - - - 5957

- -

(196)

(50) (146) 5811 2418

2,46 2.46 559 179517

0.85 1.98 5.04 142 0.46 0.00 0.81 0.40 4.99 0.63 7% 5%

118738 649 119387

153934 971 (91001)

12209

9345 1322 2026 16213 105019 14368

(999) 13369

3919 (724) 3195 10174 - - - 10174

19 (29)

@) 33 10207 2418

AQ 4.21 559 173560

0.85 2.97 10.23 1.39 0.47 0.02 0.82 0.37 531 0.74 14% 10%

110783 425 111208

56820 592 14557

7470

6752 1456 1975 9962 99584 41624

- 11624

2954 31 2985 8639 - - - 8639

- (20)

6) (15) 8624 2418

3.57 3.87 559 151181

0.69 2,39 8.29 1.50 0.42 0.00 0.78 0.32 4.99 0,62 12% 8%

467744 3943 471687

311469 2625 (28177)

40310

30123 4948 8074 49320 418692 52995

(999) 51996

14798 (1018) 13780 38216 - - - 38216,

15 106

26 123 38339 2418 175004

15.81 15,81 559 173560

0.85 3.06 10.36 139 0.47 0.02 0.82 0.37 19.31 2.07 13% 9%

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Standalone Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter ended June 30, 2022

Particulars

30/Jun/2022 (Uniaudited)

3.Months ended 31/Mar/2022 (Audited) {refer note 6)

30/Jun/2024 (Unaudited)

{@ in lakhs)

Year ended 31/Mar/2022 {Atidited)

Segment Revenue (a)

Sugar Businesses Sugar Distillery

(b)

Engineering Businesses Power transmission Water

(ce)

Others

Total Segment revenue Less : Inter segment revenue Total Revenue from operations

2 Segment Results

{a}

Sugar Businesses Sugar Distillery

{b)

Engineering Businesses Power transmission Water

(©)

Others

Total Segment results Less :

@ ~~ Finance costs (i) ii) Other unallocable expenditure net of unallocable income

Exceptional items (net) - (income)/expense

Total Profit/(loss} before tax

3. Segment Assets

{a)

{b)

Sugar Businesses Sugar Distillery *

Engineering Businesses Power transmission Water

(©)

Others

Total Segment assets Add : Unallocable assets Total Assets

4 Segment Liabilities

(a)

Sugar Businesses Sugar Distillery *

{b)

Engineering Businesses Power transmission

Water

Others

(©) Total Segment liabilities Add : Unallocable liabilities Total Liabilities

* includes assets and liabilities of new distilleries being set up

105169 37923 143092

3043 6421 9464

4028

156584 20541 136043

5329 4984 10313

877 197 1074 (278)

11109

2013 . 1132

7964,

246156 80564. 326720

13656 32924 46580

1413

374713 15724 390437

11895 5617 17512

3749 16377 20126 661 38299 168906 207205

84681 28372 113053

6659 9675 16334

4387

133774 15036 118738

12244 3057 15301

2411 479 2890 (346)

17845

1322 999 2155

13369

269508 68369 337877

14557 34105 48662

1424

387963 15513 403476

34638 5555 40193

3973 17123 21096 638 61927 164127 226054

89719 22756 112475

2827 4011 6838

1773

121086 10303 110783

9497 3454 12951

824 257 1081 (19)

14013

1456 - 933,

11624

231752 50534 282286

11029 30293 41322

1184

324792 15193 339985

40410 2981 43391

3161 14965 18126 575 62092 122945 185037

347385 107161 ABG546

18463 25361 43824

13582

511952 44208 467744

38651 14936 53587

6416 1731 8147 (453)

61281

A948 999 3338

51996

269508 68369 337877

14557 34105 48662

1424

387963 15513 403476

34638 5555 40193

3973 17123 21096 638 61927 164127 22.6054

r L

e w

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Notes to the Standalone Unaudited Financial Results for the Quarter ended June 30, 2022

The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards (‘Ind AS’) notified under section 133 of the Companies Act, 2013 [Companies (Indian Accounting Standards) Rules, 2015 (as amended)].

In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.

During the quarter, the Company has commissioned a greenfield dual feed 160 KLPD distillery at its sugar unit at Milak Narayanpur and increased the capacity of its existing distillery at Sabitgarh from 160 KLPD to 200 KLPD. Further, subsequent to the quarter, a new grain based 60 KLPD distillery has of the existing distilleries at Muzaffarnagar and Milak Narayanpur by 40 KLPD each (from 160 KLPD to 200 KLPD), thereby increasing the Company’s overall distillation capacity to 660 KLPD.

been commissioned at Muzaffarnagar along

capacity

increase

with

also

the

Commercial papers issued by the Company are listed on the National Stock Exchange and the outstanding amount as on June 30, 2022 was % 125 crores. The financial ratios as prescribed under regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been disclosed in the financial results above. The formulae used in the computation of the ratios are as under :

Ratio Formulae used Numerator Debt

Borrowings and lease liabilities

Denominator

Equity

equity

ratio

Debt coverage ratio

service

lease

Repayment of long term borrowings and (excluding liabilities prepayments) and finance costs Finance costs

Interest

service

coverage ratio

Profit after tax plus finance costs, depreciation amortization and expense Profit after tax plus finance costs, amortization and depreciation expense Current assets Long term borrowings (including current term borrowings) and lease liabilities

debts

current

Current ratio Long term debt to long capital

maturities

working

Current liabilities Current assets less current liabilities (excluding of long term borrowings and current lease liabilities) Average gross trade receivables

maturities

Borrowings and lease liabilities

Bad debts including provision for doubtful debts (net)

Bad

accounts receivable ratio Current liability | Current liabilities ratio Total total assets Debtor turnover _| Revenue from operations Inventory turnover Operating margin (%)

margin (%)

Revenue from operations (net of | Average inventory excise duty} Earnings before finance costs, taxes, | Revenue from operations (net other income and exceptionalitems _| excise duty)

Revenue from operations (net excise duty)

Average trade receivables

profit | Profit after tax

Total liabilities

Total assets

Net

debts

30,

the

June

quarter

ended of

2021 (“Previous

the applicable scheme

fulfilment — of During the prescribed conditions the Government, subsidy of = 5700 lakhs was recognised in respect of sugar sold for exports in the financial year 2020-21. Further, subsidy of = 1169 lakhs was deferred pending fulfilment of the conditions of the said scheme in respect of sugar sold for exports in the Previous Quarter. Due to the aforesaid reasons, the Previous Quarter includes net income of 4531 lakhs towards export subsidy whereas there is no such income considered in the current quarter.

Quarter”), upon

framed

The figures for the quarter ended March 31, 2022 are the balancing figures between the audited figures in respect of the full financial year ended on that date and published year to date figures upto the third quarter of the said financial year.

The above financial results have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on August 2, 2022 and August 3, 2022. The statutory auditors have carried out a limited review of the above financial results.

For Triveni Engineering & Industries Limited

Place : Mysuru, Karnataka Date : August 3, 2022

Dhruv M. Sawhney Chairman & Managing Director

TRIVENI ENGINEERING & INDUSTRIES LIMITED Regd. Office : A-44, Hosiery Complex, Phase-Il Extension, Noida, Uttar Pradesh - 201 305 Corp. Office : 8th Floor, Express Trade Towers, 15-16, Sector-16A, Notda, Uttar Pradesh - 201 301 CIN : L154210P1932PL.C022174

Statement of Consolidated Unaudited Financial Results for the Quarter ended June 30, 2022

(Cin lakhe, except per share data)

Particulars

3 Months ended:

Year ended 30/fun/2022 | -31/Mar/2022 |: 30/jun/2021. |= 34/Max/2022 (Unaudited) | (Audited) ||: (Unaudited) (Audited) (iefer note 7)

Revenue from operations

1 2 Other income Total income

3 Expenses (a) (b) (©)

Cost of materials consumed Purchases of stock-in-trade Changes in inventories of finished goods, stock-in-trade and work-in-progress Excise duty on sale of goods Employee benefits expense

(d)_ (e) (Finance costs (g} (h)__

Depreciation and amortisation expense Other expenses

Total expenses Profit/(loss} from continuing protien of associates, exceptional items and tax Share of profit/ (loss) of associates

operations before share of

5 6 Profiles) from continuing operations before exceptional items

Profit/(loss) from continuing operations before tax

7 Exceptional items (net) - income/ (expense) 8 9 Tax expense (a) (b)__

Current tax Deferred tax.

Total tax expense

10_Trofit/(loss) from continuing operations after tax 11 Profit/ (loss) from discontinued operations 12. Tax expense of discontinued operations 13 14 Profit/(loss) for the period

(loss) from discontinued operations (after tax)

Profit/

Profit/ (loss)

for the period attributable to :

@) (i)

Owners of the Company _Non-controlling interests

15 Other comprehensive income

AQ) Items that will not be reclassified to profit or loss A (i) Income tax relating to items that will not be reclassified to

profit or loss Items that will be reclassified to profit or loss 1

to items that will that

(ii) ‘come tax relating to items

ing

BG) Bi)

will

i be reclassified to profit

Other comprehensive income for the period, net of tax Other comprehensive income for the period, net of tax attributable to:

() (i)

Owners of the Company _Non-controlling interests 16 Total comprehensive income for the period

Total comprehensive income for the period attributable to:

() {ii}

Owners of the Company Non-controlling interesis

17 Paid up Equity Share Capital (face value ® 1/5 18 Other Equity 19. Barnings per share of € 1/- each not annualised)

(@) (6)

Basic (in ®) Diluted (in 2)

20 Capital redemption reserve 21 Net worth 22 Ratios (refer note 4)

Debt equity ratio Debt service coverage ratio Interest service coverage ratio Current ratio Long term debt to working capital

(a) (bh) (c) (@) (e) (Bad debts to accounts receivable ratio (not annualised) (g} (h) (i) {) (Operating margin (%) Net profit margin (%) @

Current liability ratio Total debts to total assets Debtor turnover (not annualised) Iaventory turnover (not annualised)

See accompanying notes to the consolidated financial results

136148 986 137134

68904 1289 22400

13581 7799 2165 2179 10764 129103

8031 837 8868

= 8868

1827 396 2223 6645 - - - 6645

6645 :

- (232) 68)

(174)

(174) : 6471

6471 - 2418

2.75 275 635, 193583.

0.82 2.00 5.08 1.40 0.57 0,00 077 0.39 2.70 0.55 9% 6%

119212 296 119508.

153934 971 (1001)

12209 9368 1461 2026 16261 105229

14279 733, 15012

(671) 14341

3963 {539) 3424 10917 - - - 10917

18917 -

17 (27) 0

30 - 20947,

10947 - 2418

452 452 635 186938

0.82 2,94 9.86 1.36 0.57 0.01 0.79 0.37 3.16 0.68 14% 10%

111146 363 111509

56820 592, 14557

7470 6775 1564 1975 9973 99726

11783 606 12389

: 12389

2979 180 3159 9230. - - - 9230

9230 -

- (21) ©

(16)

9214

2418

3.82 3.82 635 160965,

0.68 2.48 8.16 146 0.50 0,00 0.79 0.31 3.24 0.62 13% 9%

469404 2219 471623

311469 2625 (2517)

40310 30265 5453 8074 49472 419491

52132 5914 58046

(671) 57375

14900 69 14969 42406 - - z 42406.

42406 -

469

18 131 33

554

554 - 42960.

42960 - 2418 188867

17.54 17.54 635 186938

0,82 3.21 10,26 1.36 0.57 0.01 0.79 0.37 12.36 2.28 13% 10%

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Consolidated Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter ended June 30, 2022

Particulars

(in lakhs)

Year ended 34/Mar/2022 (Audited)

Segment Revenue

(a)

(b)

Sugar Businesses Sugar Distillery

Engineering Businesses Power transmission Water

()

Others

Total Segment revenue Less : Inter segment revenue Total Revenue from operations

2 Segment Results

(a)

Sugar Businesses Sugar Distillery

(b)

Engineering Businesses Power transmission

Water

()

Others

Total Segment results Less: @ (i) (ii) {iv)

Finance costs Exceptional items (net) - (income)/ expense Share of {profit)/loss of associates Other unallocable expenditure net of unallocable income

105169 37923 143092

3043 6526 9569 4028

156689 20541 136148

5329 4984 10313

877 255 1132 {278)

11167

2165 - (837) O71

84681 28372 113053

6659 10149 16808 4387

134248 15036 119212

12244 3057 15301

2411 884 3295, (346)

18250

1461 671 (733) 2510

89719 22756 112475

2827 4374 7201 1773

121449 10303 111146

9497 3454 12951

824 587 1411 (19)

14343

1564 - (606) 996

347385 107161 454546

18463 27021, 45484 13582

513612 44208 469404

38651 14936 53587

6416 3161 9517 (453)

62651

5453 671 (6914) 5066

Total Profit/(loss) before tax

8868

14341

12389

57375

3 Segment Assets

(a)

(b)

Sugar Businesses Sugar Distillery *

Engineering Businesses Power transmission Water

(c}

Others

Total Segment assets Add : Unallocable assets Total Assets

4 Segment Liabilities

(a)

Sugar Businesses Sugar Distillery *

(b)

Engineering Businesses Power transmission

Water

(c)

Others

Total Segment liabilities Add : Unallocable liabilities Total Liabilities

* includes assets and liabilities of new distilleries being set up

246156 80564 326720

13656 48355 62011 1413

390144 28515 418659

11895 5617 17512

3749 18064 21813 661

39986 180917 220903

269508 68369 337877

14557 48193 62750 1424

402051 27697 429748

34638 5555 40193

3973 18843 22816 638

63647 174816 238463

231752 50534 282286

11029 40674 51703 1184

335173 24046 359219

40410 2981 43391

3161 15794 18955 575

62921 131517 194438

269508 68369 337877

14557 48193 62750 1424

402051 27697 429748

34638 5555, 40193

3973 18843 22816 638

63647 174816 238463

n r

n e e b

e r

e i t a p

e e S

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Notes to the Consolidated Unaudited Financial Results for the Quarter ended June 30, 2022

In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.

During the quarter, the Company has commissioned a greenfield dual feed 160 KLPD distillery at its sugar unit at Milak Narayanpur and increased the capacity of its existing distillery at Sabitgarh from 160 KLPD to 200 KLPD. Further, subsequent to the quarter, a new grain based 60 KLPD distillery of has the existing distilleries at Muzaffarnagar and Milak Narayanpur by 40 KLPD each (from 160 KLPD to 200 KLPD), thereby increasing the Company’s overall distillation capacity to 660 KLPD.

been commissioned at Muzaffarnagar along

capacity

increase

with

also

the

Commercial papers issued by the Company are listed on the National Stock Exchange and the outstanding amount as on June 30, 2022 was = 125 crores. The financial ratios as prescribed under regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been disclosed in the financial results above. The formulae used in the computation of the ratios are as under:

Ratio Formulae used Numerator Debt

Borrowings and lease liabilities

Denominator

Equity

equity

ratio

Debt __ service

Interest

service

coverage ratio

working

to capital

Profit after tax plus finance costs, depreciation amortization and expense Profit after tax plus finance costs, depreciation amortization and expense Current assets Long term borrowings (including current long term borrowings) and lease liabilities

maturities

lease

Repayment of long term borrowings and (excluding liabilities prepayments) and finance costs Finance costs

Current liabilities Current assets less current liabilities (excluding of long term borrowings and current lease liabilities) Average gross trade receivables

maturities

current

Current ratio Long term debt

debts

Borrowings and lease liabilities

Bad debts including provision for doubtful debts (net)

Bad accounts receivable ratio Current liability | Current liabilities ratio Total total assets Debtor turnover Inventory turnover Operating margin (%)

margin (%)

Revenue from operations Revenue from operations (net excise duty) Earnings before finance costs, taxes, | Revenue from operations (net other income and exceptionalitems _| excise duty)

Revenue from operations (net excise duty)

Average trade receivables

of | Average inventory

profit | Profit after tax

Total liabilities

Total assets

Net

30,

the

June

quarter

ended of

2021 (“Previous

During of the prescribed conditions the Government, subsidy of 5700 lakhs was recognised in respect of sugar sold for exports in the financial year 2020-21. Further, subsidy of % 1169 lakhs was deferred pending fulfilment of the conditions of the said scheme in respect of sugar sold for exports in the Previous Quarter. Due to the aforesaid reasons, the Previous Quarter includes net income of = 4531 lakhs towards export subsidy whereas there is no such income considered in the current quarter.

the applicable scheme framed

Quarter”), upon

fulfilment

The standalone unaudited financial results of the Company are available on the Company’s website (www.trivenigroup.com), website of BSE (www.bseindia.com) and NSE (www.nseindia.com). Summarised standalone financial performance of the Company is as under :

(in lakhs)

Particulars

3 Months ended

Year ended 30/Jun/2022 | 31/Mar/2022 | 30/Jun/2021 | 31/Mar/2022 (Audited) (Unaudited)

(Unaudited)

Income from operations Proftt/ (loss) before tars (after exceptional items) Prout (loss) afte (after exceptional items) Total comprehensive income

tax

136043 7964

5957

5811

(Audited) (refer note 7) 118738 13369

10174

10207

110783 11624

8639

8624

467744 51996

38216

38339

Place : Mysuru, Karnataka Date : August 3, 2022

For Triveni Engineering & Industries Limited

hruv M. Sawhney

Chairman & Managing Director

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