Triveni Engineering & Industries Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 14,909.5 million compared to INR 14,088.4 million a year ago. Revenue was INR 17,620.1 million compared to INR 16,297.3 million a year ago. Net loss was INR 192 million compared to net income of INR 291.1 million a year ago. Basic loss per share from continuing operations was INR 1.02 compared to basic earnings per share from continuing operations of INR 1.33 a year ago. Diluted loss per share from continuing operations was INR 1.02 compared to diluted earnings per share from continuing operations of INR 1.33 a year ago.
For the six months, sales was INR 27,916.3 million compared to INR 26,067.8 million a year ago. Revenue was INR 33,068.5 million compared to INR 30,742 million a year ago. Net income was INR 120.7 million compared to INR 967.2 million a year ago. Basic earnings per share from continuing operations was INR 0.39 compared to INR 4.42 a year ago. Diluted earnings per share from continuing operations was INR 0.39 compared to INR 4.42 a year ago.
Triveni Engineering and Industries Limited is an India-based company. It is engaged in diversified businesses, mainly categorized into two segments-sugar and allied businesses and the engineering business. Sugar & allied businesses primarily comprise the manufacture of white crystal sugar and distillation of alcohol. Molasses, a by-product in the manufacturing of sugar, is used as a raw material for producing ethanol and extra neutral alcohol. The engineering business comprises manufacturing of high-speed gear, gearboxes and providing water/wastewater treatment solutions. Its power transmission business is focused on high speed and niche low speed gears and gear boxes covering supply to original equipment manufacturers (OEMs), after-market services and retro fitment of gearboxes, catering to the requirements of the power sector, other industrial segments and defense. It provides engineered-to-order process equipment and comprehensive solutions in water and wastewater management.
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