Triveni Engineering net up 28% at Rs 32.4 cr
Triveni Engineering and Industries Ltd on Thursday posted 28 per cent increase in its net profit for the quarter ended June 30 at Rs 32.4 crore as against Rs 25.31 crore in the corresponding quarter previous fiscal.
By PTI |
NEW DELHI: Mechanical equipment manufacturer Triveni Engineering and Industries Ltd on Thursday posted 28 per cent increase in its net profit for the quarter ended June 30 at Rs 32.4 crore as against Rs 25.31 crore in the corresponding quarter previous fiscal.
The company's net sales in the quarter grew 19 per cent at Rs 299.98 crore, a company release said.
"The management expects the current fiscal to be robust on account of capacity enhancement by 50 per cent in sugar and cogeneration businesses. We are confident of achieving significantly higher margins in the engineering business in the current fiscal," Triveni Engineering Chairman and Managing Director Dhruv Sawhney said.
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