New Delhi, July 30 -- Shares of Triveni Engineering & Industries slumped 8% in intraday trade on Wednesday, July 30, hitting a 4-month low of Rs.339 after the company reported a weak set of numbers for the June quarter, with consolidated net profit plunging 93.2% YoY to Rs.2.1 crore, impacted by due to higher cost of production (COP) of sugar sold during the reporting quarter.

In the same period last year, the company had reported a net profit of Rs.31 crore. The company stated that the profitability of the sugar business, despite higher volumes and realizations, was lower than last year due to higher production costs.

Revenue from the sugar business jumped 17% YoY to Rs.1,169.6 crore in Q1FY26, and the average realization per MT improv...