Latest News | Triveni Turbine's Q4 Net Profit Grows 69 Pc to Rs 23.28 Cr
Get latest articles and stories on Latest News at LatestLY. Triveni Turbine Ltd on Monday reported a 69 percent rise in its consolidated net profit to Rs 23.28 crore for the March quarter, mainly on account of higher income.
New Delhi, Jun 28 (PTI) Triveni Turbine Ltd on Monday reported a 69 percent rise in its consolidated net profit to Rs 23.28 crore for the March quarter, mainly on account of higher income.
The company's net profit stood at Rs 13.78 crore in the fourth quarter ended March 31, 2020, it said in a regulatory filing.
During the quarter under review, its total income jumped to Rs 182.77 crore from Rs 157.28 crore in the same period last year.
Total expenses were at Rs 159.15 crore, as against Rs 141.77 crore in the January-March period a year ago.
Triveni Turbines designs and manufactures steam turbines at its manufacturing facilities in Bengaluru. The company has a presence in over 70 countries.
Shares of the company ended 1.54 per cent down at Rs 118.60 apiece on BSE.
(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)