Triveni Q1 net drops
Triveni Engineering and Industries on Sunday reported a 67% dip in net profit to Rs 23.92 crore for the quarter ended December 31.
By ET Bureau |
NEW DELHI: Triveni Engineering and Industries on Sunday reported a 67% dip in net profit to Rs 23.92 crore for the quarter ended December 31 against Rs 72.94 crore in the year-ago period due to squeezed margins in sugar business.
Net sales, however, rose to Rs 591.74 crore during the first quarter of this fiscal from Rs 487.24 crore a year-ago. The company, which also makes steam turbine and gears among others follows October-September period as accounting year in line with the sugar season, its mainstay.
The average realisation during the first quarter of has dropped to Rs 28 per kg.
Net sales, however, rose to Rs 591.74 crore during the first quarter of this fiscal from Rs 487.24 crore a year-ago. The company, which also makes steam turbine and gears among others follows October-September period as accounting year in line with the sugar season, its mainstay.
The average realisation during the first quarter of has dropped to Rs 28 per kg.
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