quarterly results of Triveni Turbine
Triveni Turbine’s net profit in the third quarter of the current financial year (Q3FY24) surged by 29.7 percent year-on-year to ₹68.2 crore, compared to ₹52.6 crore profit in the same period a year ago.
The company’s profit after tax (PAT) increased by 41 percent to ₹193 crore for the nine months ending December 2023 compared to the previous year.
Triveni Turbine achieved its highest-ever EBITDA of ₹274 crore for the nine months ending December 2023, marking a remarkable 39 percent increase from the previous year.
Its EBITDA in the December 2023 quarter also stood at ₹83.7 crore, representing a substantial 31.4 percent growth compared to ₹63.7 crore in the last financial year.
Triveni Turbine’s Revenue Surges by 32.5%
Triveni Turbine witnessed a remarkable 32.5% increase in revenue, reaching ₹431.7 crore in Q3FY24, compared to ₹325.8 crore in the year-ago quarter.
For the nine months between April and December 2023, revenue soared by 36% from the previous year to ₹1,196 crore.
Triveni Turbine’s margin stood at 19.4% in the December quarter, slightly lower than 19.6% in the year-ago period.
The board of Triveni Turbine has announced an interim dividend of Rs 1.30 at Re 1 face value, along with a special dividend of Re 1 at Re 1 face value for 2023-24.
Statement from CMD of Triveni Turbine
Order Bookings Surge by 27%
Triveni Turbine’s CMD, Dhruv M Sawhney, revealed that order bookings surged by 27% to Rs 1,443 crore during the April-December period. Additionally, he noted that the export contribution increased to 53% from 42% in the previous corresponding period.
Positive Outlook for Revenue and Profitability
Sawhney expressed optimism regarding the company’s future, stating that the strong growth in order bookings and improved export contribution are expected to bolster both revenue and profitability in the upcoming year.
Conclusion
This article serves as a comprehensive guide to the Triveni Turbine Share Rockets after Q3 Reult, Share price 425. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
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