Triveni Engineering has reported a net profit of Rs 23.9 crore for the quarter ended December 2010, down 67% as compared to Rs 72.9 crore in same quarter the previous year.
Sales went up by 21.4% at Rs 592.1 crore from Rs 487.6 crore. However, operating profit margin declined at 11.82% versus 25.9% (YoY).
Sugar revenues were up by 15.7% at Rs 435.9 crore from Rs 376.8 crore but margin slipped at 1.4% versus 18.3%.
Rvenues from steam turbine business went up by 22% at Rs 141.9 crore versus Rs 116.3 crore and margin improved slightly at 23% versus 22.1% (YoY).
Engineering division order book was up by 36% at Rs 1,130 crore.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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