Share price of this sugar company has jumped four-fold in one year

Shares of Triveni Engineering hit a new high of Rs 285.30, on rallying 9 per cent in intra-day trade. The stock zoomed 313 per cent from its 52-week low of Rs 69 touched on February 16, 2021.

Shares of Triveni Engineering & Industries hit a new high of Rs 285.30, on rallying 9 per cent on the BSE in Thursday’s intra-day trade after the company reported a robust results, wherein consolidated profit after tax (PAT) jumped 37 per cent year-on-year (YoY) to Rs 130 crore for the December quarter (Q3FY22).

Gross revenue from operations grew 10 per cent YoY at Rs 1,235 crore. Earnings before interest tax and depreciation and amortization (EBITDA) witnessed a growth of 26.4 per cent YoY at Rs 203 crore during the quarter led by firm sugar prices, higher ethanol volumes &