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    Triveni Turbine rallies 14% after robust Q1 numbers

    Synopsis

    Triveni Turbine Limited (TTL) has core competency in the area of industrial steam turbines, designing and manufacturing them up to 100 megawatt size. In a separate statement, Dhruv M Sawhney, Chairman and Managing Director, Triveni Turbine said, "The company has started FY23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of Rs 360 crore, which will boost our performance in the year."

    Triveni Turbine rallies 14% after robust Q1 numbers
    New Delhi: Shares of Triveni Turbine rallied 14 per cent during the early trade on Tuesday, following its stellar performance in the June 2022 quarter.

    The steam turbine firm posted a 38 per cent jump in its consolidated net profit to Rs 38.33 crore for the April-June quarter on account of higher income. The consolidated net profit in the June 2021 quarter was Rs 27.75 crore.

    Following the development, shares of Triveni Turbine zoomed to Rs 205.60 on Tuesday, before trading at Rs 204.40 by 9.30 am.

    Its total income rose to Rs 266.49 crore in the first quarter of the current fiscal from Rs 189.61 crore in the same period of the last year. The expenses stood at Rs 215.74 crore in the June quarter compared to Rs 153.49 crore in the year-ago.

    Triveni Turbine Limited (TTL) has core competency in the area of industrial steam turbines, designing and manufacturing them up to 100 megawatt size.

    In a separate statement, Dhruv M Sawhney, Chairman and Managing Director, Triveni Turbine said, "The company has started FY23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of Rs 360 crore, which will boost our performance in the year."



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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