India's Triveni Engineering slips after posting Q2 loss

Triveni Engineering and Industries

06/11/2024 07:50

** Shares of Triveni Engineering and Industries  TREI.NS 
fall 2.3% to 407.5 rupees
    ** Food processing co posted a consol net loss of 192 mln
rupees ($2.3 mln) vs a profit of 291.1 mln rupees a year ago
    ** Q2 revenue from ops up 8% Y/Y, expenses rose ~13%
    ** Co says profitability from sugar business remains subdued
as there were no manufacturing operations during quarter
    ** More than 871,000 shares change hands, 1.4x its 30-day
avg
    ** Stock up 19% so far this year



($1 = 84.2375 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))