Triveni Engineering & Industries Ltd announced its performance for the financial year 2011 and fourth quarter ended 30th September 2011.

Performance overview
1. Net Sales at INR 1707 crore
2. EBITDA at INR 201 crore at a margin of 12%
3. Profit before Interest & Tax at INR 120 crore at a margin of 7%
4. Engineering businesses, overall, recorded growth of 17% in sales and 15% growth in PBIT.

Commenting on the Company’s financial performance, Mr Dhruv M Sawhney CMD of Triveni Engineering & Industries Ltd said that “FY 11 witnessed a good performance despite difficult year for the sugar business. Sugar Businesses registered a profit before interest and tax at INR 52.9 crore as against a loss of INR 22.2 crore in the previous financial year. Even though the cane price announced by Uttar Pradesh Government will bring additional burden on the industry in terms of higher cost of production, the Government's announcement of export of one million tonne of sugar and withdrawal of the stock limits for sugar are two positive moves, which in our belief should help in strengthening the sugar prices. A healthy and stable sugar prices with integrated operations of co-generation and distillery will help the industry to maintain its profitability and allow it to pay remunerative prices to farmers for their produce.

The company's performance of two engineering businesses has also been good, especially in the current economic scenario. Both gears and water businesses witnessed growth in turnover as well as profitability and is carrying a strong order book of ` 520 crore into FY 12. Our engineering businesses are geared up to take advantage of any economic turnaround. The long term technology tie-ups concluded in our gears business will not only help us in consolidating our position in the existing line of business, but also help us to enhance our product portfolio and geographies considerably which will lead to enhanced potential for profitable growth going forward.”