Moneycontrol
Aug 10, 2017 08:01 PM IST | Source: PTI

Triveni Engineering Q1 net profit grows 25.5%

Sugar firm Triveni Engineering and Industries today posted a 25.5 percent increase in its consolidated net profit at Rs 60.54 crore for the first quarter of this fiscal on strong sales.

 
 
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Sugar firm Triveni Engineering and Industries today posted a 25.5 percent increase in its consolidated net profit at Rs 60.54 crore for the first quarter of this fiscal on strong sales.

Net profit stood at Rs 48.23 crore in the same quarter last year, the company said in a statement. Total income increased to Rs 846.68 crore during April- June of 2017-18, from Rs 637.34 crore in the year-ago period. Chairman and Managing Director Dhruv M Sawhney said higher profit was possible on "robust operational performance" in the previous season, which led to 45 percent higher production of low cost sugar inventories and remunerative prices.

Triveni Engineering had about 3.35 lakh tonnes of sugar in its stock at the end of the quarter. "With the expectation of stable sugar prices to prevail, the company is expected to perform well in coming quarters," he added. The board has approved interim dividend of 0.25 per share for the current fiscal.
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