Triveni Engineering net declines 8.49% for Dec` 06 qtr

Triveni Engineering & Industries has reported 8.49% decline in net profits for the quarter ending Dec. 2006. During the quarter, the company experienced fall in profits to Rs 218.90 million from Rs 239.20 million.

The sales for the quarter rose 4.76% to Rs 3,070.10 million compared with the corresponding quarter, a year ago.The operating margins fell to 10.69% during the quarter, a fall of 79.91 basis points compared with the corresponding quarter. The net margins, on the other hand, fell from 8.12% to 7.13% during the quarter.The company`s earnings per share on a trailing twelve month basis is Rs 3.65.