Triveni Engineering's Quarterly Profit Falls 8% to Rs 167 Crore

Triveni Engineering & Industries Ltd reports an 8% drop in net profit for the March quarter, attributed mainly to higher sugarcane costs. Despite challenges, the company achieved a strong financial year, bolstered by a significant turnaround in its Distillery segment.

Triveni Engineering & Industries Ltd has announced an 8% decrease in its consolidated net profit, amounting to Rs 167.45 crore for the quarter ending March. This decline is largely due to heightened sugarcane costs.

Compared to the previous year's Rs 183 crore, both net profit and total income have declined, with this year's total income at Rs 1,842.15 crore down from the past year's Rs 1,934.53 crore in the same quarter. Despite these figures, the full fiscal year recorded a rise in net profit to Rs 268.71 crore, assisted by stronger performance in the Distillery segment, although the Power Transmission Business faced market disruptions.