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