India's Triveni Engineering and Industries rises after Q4 profit growth

Triveni Engineering and Industries

28/05/2025 05:22

** Shares of Triveni Engineering and Industries Ltd TREI.NS rise as much as 10.3% to 468.1 rupees

** Co reported a 13.6% y/y rise in Q4 consol net profit to 1.83 bln rupees ($21.4 mln); rev grew 24.4% y/y

** Sugar and allied businesses rev, which makes up most of the rev, grew 21.7%

** Stock on track to rise for 3rd straight month; gained 3.7% so far in May

** More than 2.9 mln shares traded as of 9:48 a.m. IST, 8.1x their 30-day moving avg

** TREI last up 9.3%

($1 = 85.6125 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))