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In the corresponding quarter of the previous fiscal, Triveni Engineering & Industries posted a net profit of ₹137.4 crore, the company said in a regulatory filing. The company’s revenue from operations increased 3% to ₹1,600.3 crore as against ₹1,553.6 crore in the corresponding period of the preceding fiscal.
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At the operating level, EBITDA tanked 60%% to ₹77.1 crore in the third quarter of this fiscal over ₹193 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 4.8% in the reporting quarter as compared to 12.4% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.Triveni Engineering has approved the reappointment of Dhruv M Sawhney as Managing Director (designated as Chairman & Managing Director) for a further five-year term, effective from March 31, 2025, to March 30, 2030, subject to shareholder approval via a special resolution. Additionally, the company has approved a capital expenditure of ₹60 crore to enhance the capacity of its Power Transmission business.
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The results came after the close of the market hours. Shares of Triveni Engineering & Industries Ltd ended at ₹380.05, up by ₹1.90 or 0.50% on the BSE.
