Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Trident Ltd announces Q1FY18 results

Posted On: 2017-08-14 05:42:44

Q1FY2018 Highlights:

- Achieved highest ever EBITDA Margin of 44% in the Paper Business
- 32% volume growth in Bed Linen Q-o-Q
- Net Revenue stood at INR 1210 crores with,
- EBITDA of INR 259.4 crore and EBITDA margin at 21.4%
- Profit After Tax for Q1 FY18 was INR 88.9 crore, up 13.2%
- Net Debt declined by INR 45 crore; Net Debt / Equity Ratio 0.9x
- Board declared 1st Interim Dividend of 6% on equity shares

Trident Limited (Trident), flagship Company of USD 1 billion TridentGroup and a leading manufacturer and exporter of Home Textiles & Paperproducts, announced its financial results for the quarter ended June 30, 2017.

Performance Overview (Q1FY2018)

- Net Revenue stood at INR 1,210.4 crore in Q1FY18, up 3.3% compared to INR 1171.7 crore in Q1FY17

* Domestic business witnessed subdued growth due to transition phase of GST implementation, which is expected to be positive in the longer run for organised home textile players.

* Bed Linen continued to get encouraging response in the International market.

- EBITDA increased by 4.5% to INR 259.4 crore during Q1 FY18 from INR 248.2 crore in Q1FY17

- Net Debt as on June 30, 2017 stood at INR 2,669 crore compared to INR 2,714 crore as on March 31, 2017

* Healthy Free Cash Flow Generation led to reduction in Long Term Debt of INR 227 crore including high cost debt of Rs 187 crore.

* Finance Cost reduced by 21.8% to INR 33.4 crore in Q1 FY18 vis-à-vis INR 42.7 crore in Q1 FY17

* Net Debt to Equity ratio declined to 0.9x as compared to 1x as on March 31, 2017

- PAT higher by 13.2% to INR 88.9 crore in Q1 FY18 compared to INR 78.5 crore in Q1FY17

* Diluted EPS (non-annualized) enhanced to INR 1.75 per share in Q1 FY18 against INR 1.54 per share in Q1 FY17

- Cash Profits during Q1 FY17 stood at INR 191.3 crore vis-à-vis INR 181.9 crore, higher by 5.14%

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: "With our brand presence in around 450 Multi Brand Outlets and e-commerce platform, domestic business is growing at double digit and with introduction of GST we see this as a high potential market which is currently dominated by unorganized players.

Also our unceasing efforts in creating value for our stakeholders, we have been continuously improving our return ratios through deleveraging the balance sheet. Our enhanced focus on marketing, design and product innovation and to withstand current headwinds, we are relentlessly working and committed towards achieving our targets."

Shares of TRIDENT LTD. was last trading in BSE at Rs.75.2 as compared to the previous close of Rs. 77.8. The total number of shares traded during the day was 229740 in over 1325 trades.

The stock hit an intraday high of Rs. 79 and intraday low of 74.9. The net turnover during the day was Rs. 17433238.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

SQS India BFSI Limited Board to announce dividend, FY18 results on May 4, 2018
Elecon Engineering Company Ltd bags order from NTPC Ltd
Havells India Ltd Board to consider FY18 results & Dividend on May 11, 2018
Balmer Lawrie & Co. Ltd callls for Board Meeting on May 29, 2018
Lupin Ltd calls for Board Meeting on May 15, 2018
Parag Milk Foods expands its Product Offerings under the Brand 'Avvatar'
Capital India Finance Ltd Board to consider Dividend on May 3, 2018
Mahindra & Mahindra Financial Services Ltd AUM crosses Rs.55000 Crores
Jindal Stainless Ltd announces FY18 results
Future Supply Chain Solutions Ltd Board recommends dividend of Rs. 1
Visaka Industries Ltd Board to announce 4th quarter results, dividend on May 7, 2018
Vedanta Limited Board to announce FY18 results on May 3, 2018
BASF India Ltd Board to approve FY18 results, dividend on May 4, 2018
Ashok Leyland Ltd Board to announce Q4, FY18 results, dividend on May 18, 2018
WIPRO Ltd approves interim dividend as final dividend for 2017-18
Shah Alloys Ltd enters into settlement agreement with ARCIL
Syngene International Ltd Board recommends Final Dividend of Rs. 1
Wendt India Ltd board recommends dividend of Rs. 15 for 2017-18
Varun Beverages Ltd calls for Board Meeting on May 3, 2018
Mahindra & Mahindra Financial Services Ltd Board recommends Dividend of Rs. 4
Arvind SmartSpaces Ltd calls for Board Meeting on May 1, 2018
Phillips Carbon Black Ltd Board to approve dividend on May 4, 2018
ICICI Lombard General Insurance Company Ltd approves appointment of director
Bajaj Electricals Ltd Board to consider FY18 results, dividend on May 23, 2018
Zydus receives final approval from the USFDA for Methylprednisolone Tablets USP and Cinacalcet Hydrochloride Tablets
Umiya Tubes Ltd Board to consider Bonus Issue
RPG Life Sciences Ltd Board to announce Q4, FY18 results and dividend on May 2, 2018
Rajshree Sugars & Chemicals Ltd Board to approve FY18 results on May 14, 2018
Astec LifeSciences Ltd Board to announce Q4, FY18 results on May 2, 2018
Emami Ltd Board to consider Bonus Issue on May 3, 2018
Bharti Airtel Ltd to transfer passive infra assets to subsidiary
ICICI Lombard General Insurance Company Ltd Board approves dividend of Rs. 2.50
IIFL Holdings Limited Board to approve FY18 results On May 03, 2018
IRB Infrastructure Developers Ltd Board to announce FY18 results on May 3, 2018
Indoco's Goa Plant I gets statement of GMP non-compliance from UK - MHRA
G G Engineering expands its product line by launching 'Plastic Bottle Crushing Machines'
Zee Media Corporation Limited calls for Board Meeting On May 16, 2018
CRISIL upgrades long-term bank facilities rating of Sterlite Technologies Ltd
Apcotex Industries Ltd Board to consider FY18 results, dividend on May 3, 2018
Bharti Airtel Ltd approves transfer of submarine cables business to subsidiary
Syngene International Ltd Q4 net profit at Rs. 84.3 crores
Agro Tech Foods Ltd reports FY18 net profit of Rs. 31.57 crores
Wendt India Ltd posts jump in Q4 PAT at Rs. 5.72 crores
Mahindra & Mahindra Financial Services Ltd Q4 net profit rises to Rs. 513.11 crores
Indiabulls Real Estate Ltd FY18 PAT zooms to Rs. 1980.19 crores
ICICI Lombard General Insurance Company Ltd reports Q4 PAT of Rs. 211.87 crores
Jindal Stainless Ltd Q4 PAT drops to Rs. 114.74 crores
Meera Industries Ltd Q4 net profit higher at Rs. 1.54 crore
Dalmia Bharat Ltd, Ministry of Tourism and Archaeological Survey of India sign MoU under "Adopt a Heritage" project
WIPRO Ltd FY18 net profit slips to Rs. 8003.1 crores


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018