Triveni Engineering Q1 Results: Profit rises 1.7% at ₹67.6 crore YoY, net turnover declines

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₹67.6 crore for the first quarter that ended 30 June, 2023. The firm reported a net profit of ₹66.5 crore, in the corresponding quarter last year, it said in a stock regulatory filing.

The total revenue in June quarter stood at ₹1,432.3 crore, up 5.2 percent against ₹1,361.5 crore in the corresponding period of FY22. Apart from this, the EBITDA (earnings before interest, tax, depreciation, and amortisation) rose 9.6 percent to ₹125 crore in Q1FY23 over ₹114 crore in the year ago period.

Compared to the corresponding period in the previous fiscal, the EBITDA margin stood at 8.7 percent in the reporting quarter against 8.4 percent. However, Triveni Engineering's net turnover plunged 2.3 percent in Q1FY24, driven by lower turnover in the sugar business.

Though the alcohol and aggregate engineering turnover improved over the previous corresponding period. This is a developing story, it will be updated shortly.