Triveni Engineering and Industries' Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of Triveni Engineering and Industries for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

 

ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)1,483.339.871,444.4712.831,629.73
Expenses (₹crs.)1,466.818.431,353.4417.511,590.40
Net Profit (₹crs.)24.4859.9791-56.9739.16
Margin (%)1.650.756.30-3.902.40

 

REVENUE: 
Triveni Engineering and Industries reported a total revenue of ₹1,629.73 crores for Q2FY24. This marks a noteworthy increase of 12.83% sequentially. Year-on-year, the company experienced a positive growth of 9.87%.

 

EXPENSES: 
The company recorded expenses amounting to ₹1,590.40 crores in Q2FY24, reflecting a significant quarterly increase of 17.51%. Year-on-year, expenses have increased by 8.43% compared to ₹1,466.81 crores in Q2FY23.

 

NET PROFIT: 
In Q2FY24, the company reported a net profit of ₹39.16 crores, showing a substantial decline of -56.97% compared to the net profit of ₹91 crores in the preceding quarter. Nevertheless, the net profit has shown strong year-on-year growth of 59.97% year-on-year.

 

MARGINS: 
The margin for Q2FY24 is 2.40%, which is a significant decrease from the margin of 6.30% in the preceding quarter, Q1FY24. Year-on-year, the margin has increased from 1.65% in Q2FY23 to 2.40% in Q2FY24.

 

In conclusion, Triveni Engineering and Industries' financial performance in the second quarter of FY24 reflects strong revenue growth year-on-year. However, expenses have also increased, impacting the net profit, which experienced a sharp decline compared to the previous quarter. 

 

It is essential for the company to manage expenses efficiently to ensure that profitability aligns with revenue growth. The improvement in year-on-year margins is a positive sign. 

 

Stay tuned for more updates on upcoming financial performances.

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