Triveni Turbine disclosed a 35 per cent rise in consolidated net profit which amounts to Rs. 34.2 crore for the September quarter of the ongoing financial year. It had registered a consolidated net profit after taxes, minority interest and share of profit of joint venture of Rs. 25.3 crore for the same second quarter of previous fiscal, as per Triveni Turbine’s BSE filling. The total income from operations rose to Rs. 206.7 crore, more than Rs 186.6 crore in the year-ago period.
Dhruv M Sawhney, Triveni Turbine Ltd Chairman and Managing Director is of the view that performance of the company in H1, FY17 is in line with their expectations. Their strategy of concentrating globally on sectors including sugar and process co-generation, combined cycle and waste to energy and biomass, is aiding in smoothing the variations in demand in any definite segments or countries. They have increased their focus on aftermarket services globally and this is showing positive results. The outstanding consolidated order book as on September 30, stood at Rs 612 crore. Operations at the company's Joint Venture with GE, GE Triveni Ltd (GETL) are advancing well. Triveni Turbine offers steam turbine solutions for industrial captive and renewable power.
On 16th Nov, during the second half of the trading session, Triveni Turbine share price is trading at Rs. 123.05 (up by 1.03 per cent). The stock opened at Rs. 127.70 as compared to its previous closing at Rs.121.80. The stock touched the days high and low at Rs. 127.70 and Rs. 122.
Triveni Turbine is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Triveni Turbine is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Triveni Turbine share price history.
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