Sugar major, Triveni Engineering and Industries has reported a 47% decline in standalone net profit to Rs 9.14 crore for the quarter ended September 30, 2011 against Rs 17.25 crore for the corresponding year-ago period. Standalone net sales of the company fell by 35% to Rs 380.31 crore in the September quarter from Rs 587.38 crore in the same period last year.
The company has also declared its results for the financial year ended September, 2011.
The consolidated net profit of the company is declined by 68.14% to Rs 22.22 crore in the period under review from Rs 69.75 crore in the year-ago period. The company has posted consolidated net sales of Rs 1,707.15 crore for the fiscal ended September, 2011, down by 24.49% as against Rs 2,260.86 crore in the previous fiscal.
