“We hereby inform you that an incident of the explosion was reported at the C02 plant, at Sabitgarh Sugar Unit of the Company, District Bulandshahr, Uttar Pradesh around 15:30 hrs.
There is no loss of life or casualties reported. The cause of the explosion is yet to be ascertained. Further, business operations on premises are not affected,” Triveni Engineering and Industries said in a regulatory filing.
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The company confirmed that there were no casualties or injuries reported. The cause of the explosion is yet to be determined. Triveni Engineering stated that business operations at the premises remain unaffected. Further updates will be provided as more details emerge.
Triveni Engineering & Industries reported a 69% year-on-year (YoY) decline in net profit at ₹42.6 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Triveni Engineering & Industries posted a net profit of ₹137.4 crore.
The company’s revenue from operations increased 3% to ₹1,600.3 crore as against ₹1,553.6 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA tanked 60%% to ₹77.1 crore in the third quarter of this fiscal over ₹193 crore in the corresponding period in the previous fiscal.
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EBITDA margin stood at 4.8% in the reporting quarter as compared to 12.4% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Shares of Triveni Engineering and Industries Ltd ended at ₹366.45, up by ₹1.60, or 0.44%, on the BSE.
