Triveni Engineering Q4 Review - Well Placed To Benefit From Distillery Volumes: ICICI Direct

A worker passes equipment at a ethanol distillery. (Photographer: Alejandra Parra/Bloomberg)

Triveni Engineering Q4 Review - Well Placed To Benefit From Distillery Volumes: ICICI Direct

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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

Triveni Engineering and Industries Ltd. reported Q4 FY21 results with 20.5% revenue decline.

The drop was mainly due to a dip in sugar volumes impacted by lower domestic quota and delay in exports.

Sugar segment revenue declined 27.6% with similar decline in sugar sales volumes.

The company sold 2.74 lakh tonnes of sugar at realisation of Rs 32.3/kilogram and is holding 4.7 lakh tonnes of sugar at an average price of Rs 30/kg.

However, distillery revenue increased 57.9% led by 16.5% higher distillery volumes and 7.9% increase in realisation (due to higher proportion of B-heavy ethanol).

Click on the attachment to read the full report:

ICICI Direct Triveni Engineering Q4FY21 Result Updae.pdf

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