Triveni Turbine falls after weak Q3 numbers

Triveni Turbine has fallen by nearly 4% at Rs 58.10 on BSE after the company's net profit fell 31.80% to Rs 20.80 crore on 19.53% decline in net sales to Rs 140.90 crore in Q3 December 2013 over Q3 December 2012.

The company's EBITDA fell 34.90% to Rs 31.90 crore in Q3 December 2013 over Q3 December 2012. EBITDA margin stood at 22.7% in Q3 December 2013, lower than 28% in Q3 December 2012.

On BSE, so far 11,000 shares were traded in the counter, compared with an average volume of 20,483 shares in the past one quarter. The stock has hit a high of Rs 58.50 and a low of Rs 56.95 so far during the day.