Triveni Engineering & Industries Ltd, engaged in the manufacture of sugar and engineered-to-order mechanical equipment, said its net profit for the fourth quarter ended 30 September 2010, declined to Rs17.25 crore from Rs68.22 crore in the corresponding quarter last year.
During the Q4 FY09-10, its net sales increased to Rs587.36 crore from Rs553.49 crore, the company said in a statement.
On Friday, Triveni declined 4.34% to Rs100.25 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.73% down at 19,585.
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