Triveni Engineering & Industries swung to a profit for the quarter ended March 2016. During the quarter, the company reported a profit of Rs 441.40 million compared with a loss of Rs 856.00 million in the same quarter last year.
Revenues for the quarter rose marginally 4.56% to Rs 4,680.50 million, compared with Rs 4,477 million for the prior year period.
Total expenses as a percent of revenues decreased to 53.27 percent from 155.11 percent in the same period last year. This has led to an improvement of 20838 basis points in operating margin to 153.27 percent.
Operating margin for the quarter stood at positive 55.11 percent as compared to a negative 55.11 percent for the previous year period. Operating Income for the quarter was Rs 7,174.00 million, compared with an operating loss of Rs 2,467.00 million in the previous year period.
Earnings per share stood at Rs 1.71 compared with negative Rs 3.32 in the same quarter last year.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Mar - 16 | Mar - 15 | %Change |
| Revenues | 4,680.50 | 4,476.50 | 4.56 |
| Net Profit | 441.40 | (856.00) | - |
| Diluted EPS | 1.71 | (3.32) | - |
Shares of the company gained Rs 1.5, or 2.66%, to settle at Rs 57.80. The total volume of shares traded was 602,339 at the BSE (Monday).
