Triveni engineering and industries review - by rediffmail
Triveni Engineering and Industries reported a net profit of Rs 34.28 crore for the quarter ended March 31, an over six fold increase in over the same period last year. The company had a net profit of Rs 5.40 crore in corresponding period previous year.
The total income for the quarter under consideration also jumped by 4.74 per cent to Rs 382.83 crore, compared to Rs 365.49 crore during the corresponding period in the previous fiscal, the company said in a statement.
The net profit for the October-March half year period rose to Rs 59.96 crore from Rs 27.29 crore in the year-ago period. Its total income for the period soared to Rs 732.01 crore from Rs 672.51 in the last fiscal.
Triveni Engineering & Industries is engaged in sugar production and engineered-to-order mechanical equipment such as steam turbines, high speed gears and water and wastewater treatment equipments.