Triveni Turbine Records 37% Rise in Net Profit, Recommends Dividend Payout 📈
If you are interested in the cryptocurrency market, you might be keen on exploring the latest financial results of Triveni Turbine. The company recently reported a significant increase in its consolidated net profit for the March quarter, reflecting a positive trend in its financial performance. Here are some key highlights for the crypto enthusiasts:
Strong Financial Performance Drives Growth 📊
– Triveni Turbine posted a 37% rise in consolidated net profit to Rs 76.2 crore in the March quarter
– This growth is mainly attributed to higher revenues generated during this period
– The Board of Directors has recommended a final dividend payment of 130% for 2023-24
– This translates to Rs 1.30 per equity share of Rs 1 each, subject to shareholder approval
Record Revenues and Order Bookings Signal Success 📈
– Triveni Turbine’s Chairman and Managing Director, Dhruv M Sawhney, highlighted the company’s performance in FY24
– Revenues grew by 33% over the previous year, reaching a record level of Rs 16.54 billion
– Earnings per share also saw an impressive 42% growth, amounting to Rs 8.47 for the year
– The company achieved a milestone by consecutively recording high order bookings for the past three years
– Order booking for the year stood at Rs 18.78 billion, reflecting a 17% increase year-on-year
Continued Internationalization Efforts Pay Off 🌏
– Triveni Turbine’s success is further underscored by the increase in export contribution
– Export contribution rose to 54% from 42% in the previous year, showcasing the company’s effective internationalization strategies
– The company’s dedication to expanding its global presence has yielded positive results, as evidenced by its financial performance and order book growth
Hot Take: Triveni Turbine’s Impressive Growth Trajectory Continues 🚀
For crypto enthusiasts keeping an eye on promising investment opportunities, Triveni Turbine’s recent financial performance signals a growth trajectory worth considering. With a notable increase in net profit, record revenues, and successful internationalization efforts, the company is poised for continued success in the market. Stay tuned for more updates on Triveni Turbine’s journey as it navigates the dynamic landscape of the industrial sector.
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