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Triveni Engineering Q3 Results | Net profit dives 69% to ₹43 crore but revenue up 3% to ₹1,600 crore

Triveni Engineering Q3 Results | Net profit dives 69% to ₹43 crore but revenue up 3% to ₹1,600 crore

Sugar company Triveni Engineering & Industries Ltd on Tuesday (February 4) reported a 69% year-on-year (YoY) decline in net profit at ₹42.6 crore for the third quarter that ended December 31, 2024.

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In the corresponding quarter of the previous fiscal, Triveni Engineering & Industries posted a net profit of ₹137.4 crore, the company said in a regulatory filing. The company’s revenue from operations increased 3% to ₹1,600.3 crore as against ₹1,553.6 crore in the corresponding period of the preceding fiscal.

Also Read: Max Financial Q3 Results | Net profit tanks 62% to ₹56 crore; Axis Max Life to raise ₹1,300 crore via NCDs

At the operating level, EBITDA tanked 60%% to ₹77.1 crore in the third quarter of this fiscal over ₹193 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 4.8% in the reporting quarter as compared to 12.4% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Triveni Engineering has approved the reappointment of Dhruv M Sawhney as Managing Director (designated as Chairman & Managing Director) for a further five-year term, effective from March 31, 2025, to March 30, 2030, subject to shareholder approval via a special resolution. Additionally, the company has approved a capital expenditure of ₹60 crore to enhance the capacity of its Power Transmission business.

Also Read: Dhanlaxmi Bank Q3 Results | Net profit zooms over 6x to ₹20 crore with double-digit NII growth

The results came after the close of the market hours. Shares of Triveni Engineering & Industries Ltd ended at ₹380.05, up by ₹1.90 or 0.50% on the BSE.

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