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.
Dolat Capital Report
Triveni Engineering and Industries Ltd.'s revenues de-grew by 8.6% YoY to Rs 10.7 billion impacted by lower sugar dispatches which were down by 21% YoY on account on lower monthly sugar quota allocation.
Gross margins improved by 632 basis points YoY to 26.1% led by higher proportion of B-heavy ethanol sales and higher sugar realisations.
Triveni Engineering's Ebitda grew by 37.8% YoY to Rs 1.1 billion resulting in an Ebitda margin expansion of 338 bps YoY to 10%.
Higher share of profits from associate coupled with lower tax rate at 23.9% (versus 39% in Q2 FY21) resulted in profit after tax growth of 197% YoY to Rs 925 million.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR