Triveni Engineering To Expand Capacity In Distillery For Sustainable Growth: ICICI Direct
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ICICI Direct Report
Triveni Engineering and Industries Ltd. reported strong Q3 FY21 results with sustained domestic sugar and distillery volumes and robust growth in operating profits.
Consolidated revenue increased 5% to Rs 1123.1 crore led by 6.8% growth in sugar segment and 7.2% growth is distillery segment.
Sugar volume increased by 6.7% to 2.71 lakh tonnes mainly on account of higher domestic sale quota.
The company also exported 14244 tonnes of sugar pending from previous seasons export quota. The company is holding 2.82 lakh tonnes of sugar valued at Rs 30.9 / kilogram.
Distillery volumes increased by 3.8% to 2.24 crore litre.
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