Triveni Engineering To Expand Capacity In Distillery For Sustainable Growth: ICICI Direct
A worker checks equipment at ethanol distillery. (Photographer: Alejandra Parra/Bloomberg)

Triveni Engineering To Expand Capacity In Distillery For Sustainable Growth: 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 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.

Click on the attachment to read the full report:

ICICI Direct Triveni Engineerign Q3FY21 Result Update.pdf

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