Triveni Turbine has reported results for first quarter ended June 30, 2012.
On the standalone basis, the company has posted a fall of 18.22% in its net profit at Rs 17.41 crore for the quarter ended June 30, 2012 as compared to Rs 21.29 crore for the same quarter in the previous year. Total income has decreased by 30.83% at Rs 111.44 crore for quarter under review as compared to Rs 161.12 crore for the quarter ended June 30, 2011.
Triveni Turbine was demerged from Triveni Engineering and industries with effect from April 21, 2011. The company is a market leader in steam turbines up to 30 MW. TTL’s manufacturing facility is located in Bangalore with capacity to produce 80-100 steam turbines a year.
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