Triveni Turbine witnessed a significant uptick of 3 percent in its stock during morning trade following its outstanding performance in the July-September quarter of the current fiscal year.
The steam turbine manufacturer reported its highest-ever revenue and earnings before interest, tax, depreciation, and amortization (Ebitda) for this period.
Despite a remarkable 39 percent gain in its stock value throughout the year, outperforming the benchmark Sensex, Triveni Turbine’s shares are currently trading 23 percent below their 52-week high of Rs 456, which was recorded on September 28, 2023.
As of 12:47 pm, Triveni Turbine shares continued their positive momentum, trading 3.46 percent higher at ₹371.25.
During the September quarter, the company’s revenue experienced an impressive 32 percent year-on-year rise, reaching Rs 388 crore. Additionally, the Ebitda showed a substantial increase of 34 percent, amounting to Rs 88 crore.
Triveni Turbine’s profit after tax (PAT) also demonstrated strong growth, rising by 38 percent to Rs 64 crore, reflecting the company’s robust financial performance during this period.
