Triveni Turbine Q1 Profit Jumps 32% to Rs 80 Cr - Business News
By Rediff Money Desk, New Delhi Aug 05, 2024 19:22
Triveni Turbine reported a 32% rise in consolidated net profit to Rs 80.41 crore in the June quarter, driven by higher income. Read more about the company's financial performance.
New Delhi, Aug 5 (PTI) Triveni Turbine on Monday posted about 32 per cent rise in consolidated net profit at Rs 80.41 crore for June quarter FY25 on account of higher income.
It had reported a net profit of Rs 60.96 crore for the year-ago period, the company said in an exchange filing.
Total income rose to Rs 482.67 crore from Rs 389.77 crore in April-June FY24.
"Revenues during the quarter grew 23 per cent over the previous year to reach record quarterly levels of Rs 463 crore. EBITDA grew by 36 per cent y-o-y and Profit Before Tax (PBT) grew stronger at 37 per cent y-o-y," CMD Dhruv M Sawhney said.
Triveni Turbine offers steam turbine solutions for industrial captive and renewable power.
It had reported a net profit of Rs 60.96 crore for the year-ago period, the company said in an exchange filing.
Total income rose to Rs 482.67 crore from Rs 389.77 crore in April-June FY24.
"Revenues during the quarter grew 23 per cent over the previous year to reach record quarterly levels of Rs 463 crore. EBITDA grew by 36 per cent y-o-y and Profit Before Tax (PBT) grew stronger at 37 per cent y-o-y," CMD Dhruv M Sawhney said.
Triveni Turbine offers steam turbine solutions for industrial captive and renewable power.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.75 ( -4.84)
- 91787188
- YES Bank Ltd.
- 23.54 ( -7.50)
- 56012274
- Suzlon Energy Ltd.
- 67.91 ( -4.94)
- 33571450
- Vodafone Idea L
- 15.36 ( -4.66)
- 29911289
- Srestha Finvest
- 2.15 ( -4.87)
- 24478182
MORE NEWS
FirstCry Parent Brainbees Raises Rs 1,886 Cr...
Brainbees Solutions, parent company of FirstCry, secures Rs 1,886 crore from anchor...
Unicommerce IPO: Rs 124 Cr Raised from Anchor...
Unicommerce eSolutions, a SoftBank-backed SaaS platform, has raised Rs 124 crore from...
MTNL Defaults on Rs 422 Crore Bank Loan:...
State-owned telecom company MTNL has defaulted on Rs 422.05 crore in bank loan...