Triveni Engg posts net loss of Rs 21 cr in Q3

Triveni Engineering and Industries, which is mainly engaged in sugar business, today reported net loss of Rs 21.23 crore for the third quarter ended June 30, 2011.

The net sales stood at Rs 415 crore for the third quarter of 2010-11 financial year. Triveni follows October-September fiscal in line with sugar season.

The company said that quarterly results were not comparable as it does not include the financials of steam turbine business, which stands demerged from October last year to a separate company Triveni Turbines.

"The sugar businesses incurred losses due to lower sugar prices and more than proportionate sale of levy sugar and minimal operations of co-generation and distillery," the company said in a statement.