Triveni Engineering & Industries Ltd the following results for the quarter & year ended September 30, 2008:
The Unaudited results for the Quarter ended September 30, 2008.The Company has posted a net profit after taxation of Rs 269.60 million for the quarter ended September 30, 2008 as compared to Rs 50.00 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3047.50 million for the quarter ended September 30, 2007 to Rs 4285.20 million for the quarter ended September 30, 2008.
The Audited results for the Year ended September 30, 2008.The Company has posted a net profit after taxation of Rs 1115.20 million for the year ended September 30, 2008 as compared to Rs 123.20 million for the year ended September 30, 2007. Total Income has increased from Rs 13215.60 million for the year ended September 30, 2007 to Rs 16002.30 million for the year ended September 30, 2008.
The figures for the Year ended September 30, 2007 are Unaudited
The Consolidated results are as follows:
The consolidated results for the Year ended September 30, 2008.The Group has posted a net profit after taxation of Rs 1219.80 million for the year ended September 30, 2008. Total Income is Rs 16448.90 million for the year ended September 30, 2008.The Company has changed its accounting policy of recognition of income from carbon credit and accordingly, income booked in Q3 FY 2008 has been reversed.
Consequently, the profits of the quarter and the year ended September 30, 2008 are stated lower by Rs 902 lacs. The income from carbon credits accrued after March 31, 2007 for the eligible co-generation plants will now be accounted for in accordance with the changed accounting policy.
Consolidated financial results include results of wholly owned subsidiaries and proportionate share of income/loss from associates. Abohar Power Generation Ltd has ceased to be a subsidiary during the year and its results have been consolidated till the date of cessation.
The Unaudited results for the Quarter ended September 30, 2008.The Company has posted a net profit after taxation of Rs 269.60 million for the quarter ended September 30, 2008 as compared to Rs 50.00 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3047.50 million for the quarter ended September 30, 2007 to Rs 4285.20 million for the quarter ended September 30, 2008.
The Audited results for the Year ended September 30, 2008.The Company has posted a net profit after taxation of Rs 1115.20 million for the year ended September 30, 2008 as compared to Rs 123.20 million for the year ended September 30, 2007. Total Income has increased from Rs 13215.60 million for the year ended September 30, 2007 to Rs 16002.30 million for the year ended September 30, 2008.
The figures for the Year ended September 30, 2007 are Unaudited
The Consolidated results are as follows:
The consolidated results for the Year ended September 30, 2008.The Group has posted a net profit after taxation of Rs 1219.80 million for the year ended September 30, 2008. Total Income is Rs 16448.90 million for the year ended September 30, 2008.The Company has changed its accounting policy of recognition of income from carbon credit and accordingly, income booked in Q3 FY 2008 has been reversed.
Consequently, the profits of the quarter and the year ended September 30, 2008 are stated lower by Rs 902 lacs. The income from carbon credits accrued after March 31, 2007 for the eligible co-generation plants will now be accounted for in accordance with the changed accounting policy.
Consolidated financial results include results of wholly owned subsidiaries and proportionate share of income/loss from associates. Abohar Power Generation Ltd has ceased to be a subsidiary during the year and its results have been consolidated till the date of cessation.
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