Triveni Turbine's Q1 net falls by 24 pc at Rs 13.16 crore
Triveni Turbine Ltd today reported a 24.41 per cent fall in the net profit to Rs 13.16 crore in the first quarter ended June 30.
By PTI | Updated:
NEW DELHI: Steam turbines firm Triveni Turbine Ltd today reported a 24.41 per cent fall in the net profit to Rs 13.16 crore in the first quarter ended June 30.
The company had clocked a net profit of Rs 17.41 crore in the same quarter a year ago.
Total income of the company marginally decreased per cent to Rs 110.63 crore during the April-June period of this financial year from Rs 111.44 crore in the same period last year, the company said in a filing to the BSE.
"The slow-down in the capital goods industry, which started a couple of years ago has got worse in the last nine months. We do not see signs of a turnaround in the near future though we feel we have reached the bottom," Triveni Turbine Chairman and Managing Director Dhruv M Sawhney said.
The company had clocked a net profit of Rs 17.41 crore in the same quarter a year ago.
Total income of the company marginally decreased per cent to Rs 110.63 crore during the April-June period of this financial year from Rs 111.44 crore in the same period last year, the company said in a filing to the BSE.
"The slow-down in the capital goods industry, which started a couple of years ago has got worse in the last nine months. We do not see signs of a turnaround in the near future though we feel we have reached the bottom," Triveni Turbine Chairman and Managing Director Dhruv M Sawhney said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Accenture logs $18 billion Q3 revenue, revenue misses estimatesADVERTISEMENT
