Triveni Turbine today posted 35 percent rise in consolidated net profit at Rs 34.2 crore for the September quarter of the current fiscal.
It had posted consolidated net profit after taxes, minority interest and share of profit of joint venture of Rs 25.3 crore for the corresponding second quarter of last fiscal, Triveni Turbine Ltd said in a filing to BSE.
The total income from operations increased to Rs 206.7 crore, over Rs 186.6 crore in the year-ago period.
Triveni Turbine Ltd Chairman and Managing Director Dhruv M Sawhney said: "The performance of the company in H1, FY17 is in line with our expectations.
"Our strategy of concentrating globally on sectors such as sugar and process co-generation, combined cycle and waste to energy and biomass, is helping in smoothing the variations in demand in any particular segments or countries. We have increased our focus on aftermarket services globally and this is showing positive results." The outstanding consolidated order book as on September 30, stood at Rs 612 crore. Operations at the company's Joint Venture with GE, GE Triveni Ltd (GETL) are progressing well.
Triveni Turbine offers steam turbine solutions for industrial captive and renewable power.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
