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 sales fell 22.4% YoY in Q4 FY21 to Rs 11.60 billion due to lower domestic sugar sales (1.71 million quintal in Q4 FY21 versus 2.48 million quintal in Q4 FY20).
Gross margin expanded by 628 basis points YoY to 32.2% largely on the back of higher distillery sales.
Ebitda margin expansion came in at 168 basis points YoY to 14.2%.
Ebitda fell 11.9% YoY to Rs 1.64 billion largely due to lower sales in domestic sugar business coupled with marginally lower realisation (Rs 32.3/kilogram in Q4 FY21 versus 32.7/kg)
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