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:

Swaraj Engines Ltd Board Recommends 500% Dividend

KPIT Technologies gets listed on BSE and NSE

Hindustan Copper Ltd board to consider QIP on April 25, 2019

Blackstone Commits up to $460 million to Acquire a Majority Stake in Essel Propack

Suven completes purchase of assets of Rising Pharmaceuticals through JV partner, Shore Suven Pharma Inc.

Ashika Credit Capital Ltd FY19 PAT surges to Rs. 7.55 crores

VTM Ltd Board recommends Dividend of Rs. 0.90

Indian Hotels Company Ltd Board to consider FY19 results & Dividend on April 30, 2019

Symphony Limited announces closure of Surat SEZ Unit

BASF India Ltd calls for board meeting on April 30, 2019

Hindustan Unilever Ltd board to recommend dividend, consider FY19 results on May 3, 2019

VTM Ltd reports PAT of Rs. 10.21 crores in FY 2018-19

Dr. Lal PathLabs Ltd calls for board meeting on May 17, 2019

Reliance Nippon Life Asset Management Ltd board to announce FY19 results, dividend on April 29, 2019

Vinyl Chemicals India Ltd board to approve dividend, FY19 results on May 13, 2019

Alembic Pharmaceuticals Ltd board to consider FY19 results, dividend on May 8, 2019

QGO Finance Ltd posts net profit of Rs. 0.04 crore in FY19

India Post Partners with TCS to Digitally Reimagine Postal Services

Asian Paints Ltd resumes operations at Vizag plant

Mahindra Lifespace Developers Ltd FY19 PAT climbs to Rs. 118.67 crores

Pil Italica Lifestyle Ltd announces resignation of CS

Mahindra Lifespace Developers Ltd board approves dividend of Rs. 6

PVR Ltd launches 6 screens multiplex at Amritsar

Sadhana Nitro Chem Ltd board approves interim dividend of Rs. 1.25 for 2018-19

GHCL launched 'REKOOP' CertainT® verified recycled PET bedding products on Amazon.com

Elecon Engineering Company Ltd board to consider Q4, FY19 results on May 7, 2019

GOA Carbon Ltd continues to post loss in Q4 FY19

Supreme Industries Ltd board to approve FY19 results, dividend on May 7, 2019

Mindteck India Ltd board to announce Q4, FY19 results on May 28, 2019

Goodyear India Ltd appoints Mr. Anup Karnwal as company secretary

Radico Khaitan Ltd board to approve dividend, FY19 results on May 2, 2019

Baleno now with Next Generation Smart Hybrid Technology

Alembic Pharmaceuticals receives US FDA Approval for Teriflunomide Tablets, 7 mg and 14 mg

Birlasoft recognized as Rising Star USA in the Salesforce Ecosystem by ISG

Monsanto India Ltd board to announce FY19 results, dividend on April 30, 2019

Huhtamaki PPL Ltd calls for board meeting on May 9, 2019

SpiceJet, Emirates sign MoU for codeshare partnership

Sanofi India Ltd board to announce Q1 CY2019 results on May 7, 2019

EIMCO Elecon India Ltd board to consider dividend, Q4, FY19 results on May 7, 2019

Adani Defence Systems and Technologies Ltd acquires Alpha Design Technologies Pvt Ltd

Shilpa Medicare Ltd receives US FDA approval for Busulfan Injection

Indag Rubber Ltd Board recommends Final Dividend of Rs. 1.50 for 2018-19

Avantel Limited bags order from Boeing

Shilpa Medicare Ltd receives EIR from USFDA for R&D unit at Modavalasa

HDFC Bank Ltd Board recommends Dividend of Rs. 15 for 2018-19

HDFC Bank announces Q4, FY2018-19 results

Indag Rubber Ltd Q4 PAT slides to Rs. 1.91 crore

SVP Housing Ltd updates on changes in board

Kridhan Infra Ltd appoints Ms. Rajeshree Mishra as CFO

NELCO Ltd board to approve dividend, Q4, FY19 results on April 27, 2019







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

disclaimer copyright © 2005 - 2019