Latest News | Triveni Turbine Net Up 30 Pc Ta Rs 36 Cr in Dec Quarter

New Delhi, Feb 1 (PTI) Triveni Turbine posted a nearly 30 per cent rise in its consolidated net profit at Rs 35.67 crore in the December quarter, mainly on the back of higher revenues.

The company had reported a consolidated net profit of Rs 27.54 crore in the quarter ended December 2020, a BSE filing stated.

Also Read | PM Narendra Modi Hails Union Budget 2022-23 As ‘People-Friendly and Progressive’.

Total income of the company rose to Rs 233.52 crore in the quarter, up from Rs 178.97 crore in the same period a year ago.

Dhruv M Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: "Though COVID-19 re-emerged this quarter with the new Omicron variant, Triveni Turbines continued to strengthen and improve its market position especially in the above 30 MW segment, where the company is approaching the market independently following the amicable resolution with General Electric and Baker Hughes pertaining to Triveni Energy Solutions Ltd (TESL) (formerly GETL) that was announced in the previous quarter."

Also Read | Infinix Zero 5G India Launch Likely To Take Place on February 8, 2022: Report.

In terms of order booking, in the nine-month period of FY22, the company has achieved order booking of over Rs 900 crore.

This order booking provides visibility for the good growth in FY23, it stated.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)