Triveni Turbine Q3 net up 18 pc to Rs 36 cr

Triveni Turbine today posted an around 18 per cent jump in its consolidated net profit for the December quarter at Rs 35.82 crore.
Its consolidated net profit for the quarter ended December 31, 2015 stood at Rs 31.22 crore, the company said in a BSE filing.
According to the statement, the net total income from operations was Rs 198 crore in third quarter of this fiscal compared to Rs 200 crore in the year ago period.
"Although the order booking in Q3 has been better than the previous two quarters and corresponding period of last year, we believe that still it is below our estimation and the order inflow in the coming quarter should offset the deficit in cumulative order booking till date," its Chairman and Managing Director Dhruv M Sawhney said.

"Even with the domestic market remaining flat, the company's turnover had gone up by 12 per cent in nine months of FY17 with exports contributing 56 per cent of total sales compared to 26 per cent in the corresponding period of last year," he added.
The outstanding consolidated order book (without the JV) as on December 31, 2016 stood at Rs 631 crore.
Operations of the company's joint venture with GE -- GE Triveni Ltd (GETL) -- are progressing well, it added.