 "On a consolidated basis, the net profit was Rs 83.75 crore, registering a gain of 146 per cent from Rs 34.06 crore reported in Q1FY20.")
Shares of Triveni Engineering and Industries zoomed 15.5 per cent to Rs 82 apiece on the BSE on Tuesday after the company on Monday approved to buyback 6.1 million equity shares at Rs 105 per share. Besides, it reported an over 150 per cent year-on-year jump in June quarter standlone net profit at Rs 80.40 crore.
"The Board approved the buyback of fully paid up equity shares of face value of Re 1 each, not exceeding 61,90,000 equity shares, representing 2.5 per cent of the total paid-up equity share capital of the Company as on March 31, 2020, at a
