Triveni Engineering To Expand Capacity In Distillery For Sustainable Growth: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Triveni Engineering and Industries Ltd. reported strong Q3 FY21 results with sustained domestic sugar and distillery volumes and robust growth in operating profits.

Consolidated revenue increased 5% to Rs 1123.1 crore led by 6.8% growth in sugar segment and 7.2% growth is distillery segment.

Sugar volume increased by 6.7% to 2.71 lakh tonnes mainly on account of higher domestic sale quota.

The company also exported 14244 tonnes of sugar pending from previous seasons export quota. The company is holding 2.82 lakh tonnes of sugar valued at Rs 30.9 / kilogram.

Distillery volumes increased by 3.8% to 2.24 crore litre.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.