Triveni's first full-year profit after the Sir Shadi Lal merger
FY26 net profit rose 10.5% on combined-entity numbers, but the March quarter slipped. The board declared a 275% total dividend.
— 1 earlier story on Triveni Engineering & Industries Ltd. →What's new
- Q4 net profit fell to ₹167.45 crore from ₹183 crore in the year-ago quarter.
- FY26 consolidated profit rose to ₹268.71 crore on revenue of ₹7,620.85 crore, including Sir Shadi Lal.
- Board recommends ₹1.25/share final dividend, taking the year's total payout to 275% of face value.
Why this matters
This is the first annual financial report for the combined entity, offering a baseline for valuation after the Sir Shadi Lal amalgamation. The 10.5% full-year profit growth is a solid start. The 275% total dividend shows the combined business is generating significant cash to return to shareholders.
What we're watching
- Segment-wise profitability now that the merger numbers are disclosed.
- Whether Q4's profit dip is a one-off or a trend for the integrated business.
- Management commentary on integration costs and future cost savings.
The full read
Triveni Engineering's first full-year results since merging with Sir Shadi Lal Enterprises show a profitable but not flawless combined entity. Full-year net profit of ₹268.71 crore on ₹7,620.85 crore in revenue marks an approximate 10.5% profit increase over the prior period. The Q4 quarter was softer: net profit slipped to ₹167.45 crore from ₹183 crore a year ago. The board is returning cash aggressively, declaring a total dividend of 275% of face value for the year. This filing is primarily about establishing a new financial baseline. The post-merger numbers are now public. What changes from here is how the integrated operations perform.
Questions answered
- How did Q4 profit compare to the prior year?
- Consolidated net profit for the March quarter was ₹167.45 crore, down from ₹183 crore in the year-ago period.
- What does the full-year profit figure include?
- The ₹268.71 crore full-year net profit and ₹7,620.85 crore revenue are restated figures that incorporate the amalgamation of Sir Shadi Lal Enterprises, providing the first annual view of the combined business.
- What is the total dividend for FY26?
- The board recommended a final dividend of ₹1.25 per share. This brings the total dividend for the year to ₹2.75 per share, or 275% of the stock's face value. The record date is August 31, 2026.
- Is the quarterly profit decline a concern?
- The Q4 net profit of ₹167.45 crore is about 8.5% below the ₹183 crore from the year-ago quarter. The filing does not provide a quarterly breakdown of the prior full-year period, making a precise sequential comparison difficult.
Story so far
All notes on TRIVENI →- 29 May 2026 · 6:32 PM IST Triveni's first full-year profit after the Sir Shadi Lal merger
- 1d ago Triveni Engineering posts investor brief on already-disclosed Q4, FY26 results