Triveni Engineering & Industries (TRIVENI) AGM 2024 summary

Opening remarks and agenda

• Chairman welcomed participants to the 88th AGM, held virtually in compliance with regulatory guidelines.

• Board members, senior management, auditors, and secretarial team were introduced, confirming quorum and proper constitution of the meeting.

Financial performance review

• FY24 net revenue declined by 7% to INR 5,218 crore; EBITDA fell by 3.1% to INR 675 crore.

• Profit after tax was INR 371.5 crore, down from INR 1,800 crore last year, which included exceptional income.

• Non-sugar business revenue share rose from 34% to 38%, reflecting diversification.

• Power transmission business revenue grew 29.5% and segment profits by 40.1%; order booking up 42.3%.

• CapEx of INR 357 crore invested in FY24 to support future growth.

Board and executive committee updates

• No qualifications or adverse remarks in statutory or secretarial audit reports.

• Board and management engaged in regular government interactions to support business interests.