Triveni Engineering & Industries Limited — Others, 04-02-2025: Change in Management

Triveni Engineering & Industries Ltd. has announced a board meeting to consider the unaudited financial results for Q3 and the nine months ended December 31, 2024. The company reported revenue from operations of ₹1,548 crore for the quarter, with a profit after tax of ₹56.69 crore. The board also approved the reappointment of Mr. Dhruv M. Sawhney as Chairman & Managing Director for five more years from March 31, 2025, pending shareholder approval. Additionally, a capital expenditure of ₹60 crore was approved for enhancing the power transmission business capacity, which is expected to boost future growth.

Investors may view the results as a positive outlook, reflecting stability despite recent fluctuations, alongside strategic investments aimed at enhancing capacity and leadership continuity.