Triveni Engineering shares dropped over 4% in morning trade on Wednesday, following the company’s disappointing Q1 FY26 earnings. The stock opened at ₹360 and fell to an intraday low of ₹338.35, down from the previous close of ₹367.50.
Despite a 22.8% YoY rise in consolidated revenue to ₹1,598 crore, Triveni saw a sharp decline in profitability. EBITDA fell 38% to ₹53.5 crore, while margins contracted 328 basis points to 3.3%. Net profit plummeted 93.5% to ₹2 crore from ₹31 crore a year ago.
The stock remains well above its 52-week low of ₹313.10 but is significantly off its 52-week high of ₹536.00. As of 9:27 AM, the shares were trading 4.73% lower at Rs 350.10.
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