Power equipment maker Triveni Turbines today reported 32 per cent dip in net profit to Rs 20.74 crore for the October-December quarter due to lower sales.
The company had clocked a net profit of Rs 30.52 crore during the same period of last fiscal, it said in a statement.
Total income of the company also fell to Rs 140.85 crore from Rs 175.12 crore a year ago. Total expenses also went down to Rs 112.78 crore from Rs 130.39 crore.
Commenting on the result, company's Managing Director Dhruv Sawhney said, "The performance of the business for the quarter under review from the turnover and profitability point of view has been lower than expectations."
However, despite significant order intake during the October-December quarter, the year-end results would not be as per the estimates and were expected to register a decline, he added.
But, he said that with a strong order intake in Q3 and a reasonable visibility of order finalisation in Q4, the company "should be able to carry a healthy order book for FY'15.
