Triveni Turbine Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 23, 2023 at 07:09 am
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Triveni Turbine Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 3,257.8 million compared to INR 2,251.5 million a year ago. Revenue was INR 3,377 million compared to INR 2,335.2 million a year ago. Net income was INR 525.7 million compared to INR 356.7 million a year ago. Basic earnings per share from continuing operations was INR 1.63 compared to INR 1.1 a year ago. Diluted earnings per share from continuing operations was INR 1.63 compared to INR 1.1 a year ago.
For the nine months, sales was INR 8,777.9 million compared to INR 6,156.7 million a year ago. Revenue was INR 9,079.3 million compared to INR 6,374.1 million a year ago. Net income was INR 1,370.3 million compared to INR 2,371.8 million a year ago. Basic earnings per share from continuing operations was INR 4.24 compared to INR 7.34 a year ago. Diluted earnings per share from continuing operations was INR 4.24 compared to INR 7.34 a year ago.
Triveni Turbine Limited is an India-based industrial steam turbine manufacturer. The Company is primarily engaged in the business of manufacturing and supplying power generating equipment and solutions and has manufacturing facilities in Bengaluru, Karnataka. Approximately 6,000 steam turbines supplied by the Company are installed across 20 industries in over 80 countries. The Company designs, develops and delivers advanced technology steam turbine generators (STGs) up to 100 megawatts electric (Mwe) range for power generation and combined heat & power generation applications across a broad spectrum of industries. It offers industrial steam turbines for combined heat & power (CHP) and power generation, API turbines for drives and power generation, and SMART turbines for pressure reducer desuperheater (PRDS). It caters to various industries including geothermal power plants, independent power plants, industrial captive power plants, oil & gas plants, and utility power plants.