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

| More

Trident Ltd announces Q4, FY18 results

Posted On: 2018-05-08 07:55:30


Trident Limited, a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter & financial year ended March 31, 2018.

Q4 & FY18 Highlights:

- Q4 FY18 Revenue stood at INR 1182 crores and INR 4670 Crores during FY18
- EBITDA for FY18 stood at INR 914 Crores with margin of 19.6%
- PAT for Q4 FY18 stood at INR 51 Crores & for FY18 stood at INR 264 Crores
- Standalone EPS stood at INR 5.18 against INR 6.61 in FY17

Performance Overview (Textile):

- Sales stood at INR 3719 crores in FY18 as against INR 3795 crores in FY17 registering a de-growth of 2%.

- EBITDA declined by 21% to INR 555 crores in FY18 compared to INR 702 crores in FY17. EBITDA Margin stood at 14.9% in FY18 vis--vis 18.5% in FY17.

- Bath Linen registered 12.3% volume de-growth while Bed Linen registered volume growth of 56.2% in FY18 compared to the same period last year.

Performance Overview (Paper):

- Sales stood at INR 858 crores in FY18 compared to INR 872 crores in the last fiscal year registering a de-growth of 2%.

- EBITDA increased by 23% to INR 358 crores in FY18 compared to INR 290 crores in FY17. EBITDA Margin stood at 41.7% in FY18 vis--vis 33.3% in FY17.

Key Updates:

- Sequentially Bath Linen sales volume grew by 12% and Bed Linen business grew by 28%; Gravity of De-stocking is showing signs of easing.

- Domestic Home Textile Business grew by more than 25% in FY18 compared to same period last year.

- Finance costs came down by 16% Y-o-Y; Reduction in Long Term Debt of INR 360 Crore in FY18.

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: "In FY18 Home Textile Industry faced headwinds and was the stress test for the companies. We demonstrated high resilience and believe worst is behind us now.

Our recent participation in the Home Textile exhibitions held in US and UK, saw encouraging response from global buyers and customers. We are optimistic and will come back stronger in the coming year".

Shares of TRIDENT LTD. was last trading in BSE at Rs.68.55 as compared to the previous close of Rs. 66.8. The total number of shares traded during the day was 69767 in over 728 trades.

The stock hit an intraday high of Rs. 68.8 and intraday low of 67.15. The net turnover during the day was Rs. 4762748.


Source: Equity Bulls

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





Other Headlines:

VA Tech Wabag Ltd allots 75 lakh shares at Rs. 160

Indiabulls Housing Finance Ltd. raises Rs. 630 Crores by selling part of its stake in Oaknorth Bank Ltd

Makers Laboratories Ltd announces open offer to acquire upto 30,01,440 shares of Resonance Specialties Ltd at Rs. 55.50

Welspun Corp Ltd receives orders worth Rs. 1400 crore

SKINN by Titan Launches 'Escapade'

Usher in the festivities with Westside's 'What's Your Festive' Campaign

Tata Chemicals bags 3rd spot in Responsible Business Ranking 2020

Canara HSBC OBC Life Insurance rolls out additional health cover for employees amid COVID-19

TCS Global Survey Finds 90% of Large Enterprises are Maintaining or Increasing Digital Transformation Budgets Amid COVID-19

Makers Laboratories Ltd to acquire Resonance Specialties Ltd

Kaveri Seeds features in Forbes, Asia's Best under A Billion 2020 list, 6th time in the last 10 years

Vedanta Jharsuguda rolls out financial literacy training for its 'Subhalaxmi Co-operative' members

Dabur launches Ghar Ghar Immunity initiative

Zen Technologies Limited completes acquisition of 100% shareholding in Zen Medical Technologies Private Limited

KNR construction Ltd successfully completed sale of KNR Walayar Tollways Pvt Ltd to Cube Highways

Infomerics Valuation and Rating Pvt Ltd reaffirms rating of Dhunseri Ventures Limited

CRISIL reaffirms ratings of Diana Tea Company Limited

BLS wins contract from Republic of Estonia

IndiGrid approves Induction of KKR as a Sponsor

Moody's downgrades IIFL Finance to B2 from B1, outlook stable

Emkay Global Financial Services Ltd board to consider 2nd quarter results on Oct 30, 2020

LTI Recognized as a Great Place to Work™ in the USA

SBI Card inks partnership with American Express

Heritage Foods Limited board to consider Q2, H1 results on Oct 28, 2020

Myanma Foreign Trade Bank chooses Intellect for a scalable, future-proof Digital Transformation

TATA Elxsi Ltd board to consider Q2FY21 results on Oct 14, 2020

Steel Strips Wheels Ltd secures export orders of nearly 9000 wheels

Pritish Nandy Communications wins Best Script at Screenwriters' Award 2020

CRISIL reaffirms ratings of Mahindra and Mahindra Limited

Zydus Wellness Limited board fixes QIP price as Rs. 1690

IDFC First Bank's V Vaidyanathan gifts 1 lakh shares to his former school teacher

Vedanta Ltd board to announce Q1 results on Oct 3, 2020

SBI announces celebratory delights for retail customers

IRCON supported the promotion of culture and heritage by carrying out beautification work on the walls of Bengaluru Railway Station

Chembond Water receives 2020 Best Practices Award from Frost & Sullivan

Symphony introduces world's 1st 'Universal packaged air coolers' for industrial and commercial application

Central Bank of India raises Rs. 254.99 crore through QIP

Refex Industries Ltd to invest in units of RKG Fund - I

Endurance Technologies Ltd board to approve Q2, H1 FY2021 results on Nov 10, 2020

Western Union International Money Transfer Services now available at Alankit Forex India Ltd

Cosmo Films Launches BOPP-Fragranced Packaging Film

India Grid Trust completes acquisition of Jhajjar KT Transco Private Limited

Dhunseri Tea & Industries Ltd enters into MoU for sale of Khetojan Tea Estate

Anuh Pharma Ltd receives approval from WHO for Pyrimcthamine API

Dr Lalchandani Labs Ltd announces increase in capacity for Covid-19 RT-PCR testing

SBI announcement of processing fees waiver on Home Loan

EdgeVerve and Minit Partner to Deliver Actionable Process Intelligence

TCS Wins Four Stevie® Awards at the 2020 International Business Awards

SJVN Limited gets investment approval of 210 MW Luhri HEP and 66 MW Dhaulasidh HEP in Himachal Pradesh

TV Today Network Ltd board to consider Q2, H1 FY2020-21 results on Nov 6, 2020







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

disclaimer copyright © 2005 - 2019