ICICI Direct: Triveni Engineering's Higher Distillery Revenues To Boost Earnings  
A worker operates a valve at a sugar mills distillery in Dhampur. (Photographer Amit Bhargava/Bloomberg)

ICICI Direct: Triveni Engineering's Higher Distillery Revenues To Boost Earnings  

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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

The most significant factor in the September quarter results of most sugar companies has been a significant increase in operating cash flow and reduction in working capital debt.

In a similar context, Triveni Engineering Ltd. also saw Rs 900 crore of operating cash flow generation in H1 FY21 and Rs 1,000 crore debt reduction in last one year.

Triveni Engineering has been able to increase distillery volumes by 34% in H1 FY21 mainly due to better utilisation of 160 kilo litres per day distillery commissioned in April 2019.

Click on the attachment to read the full report:

ICICI Direct Triveni Company Update.pdf

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