Triveni's Dec quarter PAT up 204%

Triveni Engineering & Industries, one of the country’s leading companies in manufacturing of sugar and engineered-to-order mechanical equipment, has posted a rise of 204 per cent in its profit after tax (PAT) at Rs 729.4 crore for the quarter ended December, 2009 compared with RS 239.8 crore in the previous corresponding quarter. The company’s net sales during the quarter was 33 per cent higher at Rs 487.2 crore against Rs 365.5 crore last year.

On account of higher sugar realisations, which showed an increase of 75 per cent, the overall sales of the company were higher by 29 per cent at Rs 318.5 crore against Rs 246.2 crore. High sugar margins and profitability during the December quarter helped the company put a robust quarterly show.

Dhruv M Sawhney, chairman and managing director of the company, said: “The company’s sugar business revenue for the quarter showed significant growth over last year. Further, all the engineering businesses are carrying a strong order book at Rs 837 crore, which grew by 12 per cent from the previous quarter.”

On the Bombay Stock Exchange, Triveni’s stocks were trading at Rs 122, up 0.04 per cent, at IST 1142 on Monday.