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

| More

Home Textile volumes drives Highest Ever Revenue and Profitability

Posted On: 2019-05-14 09:19:44

Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter and financial year ended March 31st, 2019.

Financial & Business Highlights:

- Total Income for the quarter Q4 FY19 stood at INR 1416.5 crore as against INR 1187.9 crores in Q4 FY 18 registering 19.2% growth Y-o-Y. Total income for financial year FY19 stood at 5265.3 crores against 4640.3 crores in FY18, growth of 13.5% Y-o-Y

- Home Textile Bed Linen volumes grew by 39.4% and Bath Linen sales grew by 6.5% Year on Year in Q4 FY19 as compared to same period last year;

- EBITDA for FY 19 improved by 12.6% Y-o-Y to INR 1029.2 crores compared to INR 914.0 crores in FY18. EBITDA Margin stood at 19.1% in Q4 FY19 & 19.6% in FY 19.

- Profit after Tax for the year stood at INR 370.9 crores in FY 19, up 39.5% Y-o-Y.

- EPS for the year stood at INR 7.28

- Net Debt stands at INR 2344 crores as on 31st March 2019 (INR 2621 crores as on 31st March 2018); Net Debt/Equity of 0.8x as on 31st March 2019 (1.0x as on 31st March 2018)

- Textile Segment Revenue grew by 13.5% to INR 4222.9 crores compared to INR 3720.9 crores in FY18. EBIT grew by 27.2% to INR 347.6 crores Y-o-Y.

- Paper Segment Revenue grew by 16.2% to INR 997.0 crores compared to INR 857.8 crores in FY18. EBIT grew by 35.1% to INR 370.5 crores Y-o-Y.

- Board Declared Final Dividend of INR 0.60 per fully paid up share of INR 10 each. Total Dividend declared for FY19 is INR 3.00 per share.

Recognition:

- Trident Limited conferred with Best Supplier Award for Office Supplies by Walmart India.

- 'The Extraordinaire- Brand' Award at Brand Vision Summit "The Game Changers" hosted by Nexbrands Inc.

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said:

"The year gone by has been immensely fruitful for us as we accelerated work on our growth strategy while continually upgrading the business operating system to guide our financial and operational excellence. We foresee 2019 as another opportunity to fulfill our commitments through an exceptional performance while generating healthy return for our stakeholders.

We will continue to create value and maintain Trident's excellence-centric mindset to achieve even stronger and better results in the coming years".

Shares of TRIDENT LTD. was last trading in BSE at Rs.65.05 as compared to the previous close of Rs. 67.05. The total number of shares traded during the day was 363430 in over 3074 trades.

The stock hit an intraday high of Rs. 68.95 and intraday low of 63.9. The net turnover during the day was Rs. 24405942.


Source: Equity Bulls

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





Other Headlines:

Morgan Credits Private Limited has sold 2.3% stake in YES Bank Ltd

AXIS Bank opens QIP, fixes floor price as Rs. 661.50

Lux Industries Limited issues CPs of Rs. 50 crore

Godrej Consumer Products Ltd increases stake in subsidiaries

ICRA reaffirms ratings of Reliance Chemotex Industries Ltd

Lincoln Pharmaceuticals Ltd board approves merger of Lincoln Parenteral Ltd

Thyrocare Technologies Ltd calls for board meeting on Sep 21, 2019

Capital India Finance Ltd inks MOU with Union Bank of India for Loan Co-origination

Morepen Laboratories Ltd board approves preferential issue

Mahindra BAJA SAEINDIA 2020 Commences its 13th edition

NMDC revises prices of Iron Ore w.e.f. 19-09-2019

Speedcast and Nelco Awarded Remote Communications Contract for Leading Indian Cruise Line

Bharat Forge Ltd acquisition update regarding Refu Drive GmbH

Kolte-Patil Developers delivers strong returns to Motilal Oswal Real Estate from its City Avenue Project

Astral Poly Technik Limited allots 3,01,32,441 bonus shares

Surya Roshni Ltd bags order of Rs.79.80 crore

TCS a Leader in Software Product Engineering Services: Everest Group

Thomas Cook India observes an impressive 21% growth in demand during Durga Puja

Now buy Detel TVs and connected essentials in IndiGo flights

TVS Motor Company launches TVS NTORQ 125 Race Edition

IDBI Bank board approves preferential issue to Government and LIC

1 millionth Maruti Suzuki car exported from Gujarat's Mundra Port

Mindtree Opens New European Headquarters in London

U.S. FDA issues Warning Letter for Lupin's Mandideep, Unit-1 facility

Ambuja Cements among the top 4 in global DJSI ranking

Ultratech Cement Limited Ranked Among The TOP 10 Companies Globally Under 'Construction Material' In The DJSI Index

CRISIL reaffirms ratings of Advanced Enzyme Technologies Ltd

Tata Communications and Cisco partner to create a fully managed contact centre solution for enhanced customer experience

Global Operators Collaborate with Industry Partners to Facilitate O-RAN Testing and Integration

Allahabad Bank launches retail loans linked with RBI's Repo Rate and 3 months MIBOR

Reliance Capital denies invocation of pledged RNAM shares

Madhav Infra Projects Ltd secures orders for road projects and solar project

Insilco restarts plant operations from Sep 18, 2019

ICRA affirms ratings of Hindustan Tin Works Ltd

Laurus Labs Ltd to acquire Phekolong Pharmaceuticals Pty Ltd

ICRA Ltd revises outlook on OBC's bonds

ICRA reaffirms commercial paper rating of Mahindra CIE Automotive Limited

Premier Explosives Ltd updates on successful test-firing of Astra Missile by IAF

Federal Bank's New Branch at Velachery Opened

Wipro positioned as a Leader in Gartner's Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, North America

RITES Ltd signs major export contract of $22.4 mn

SHARP Launches Its Range of Smart Home Appliances in India to Kick Off the Festive Season

FlexiLoans.com crosses Rs. 500 Crores Business Loans disbursal

mjunction's 13th Indian Coal Markets Conference begins

IDFC Ltd board to consider interim dividend on Sep 21, 2019

Oriental Bank of Commerce board approves merger

Emagia Announces AI-Powered Digital Receivables For Oracle ERP Cloud

Wipro positioned as a Leader in Gartner's Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, Asia / Pacific

Indian Bank approves merger approval, fund raising

Endurance Technologies Ltd commences commercial production at Kolar plant







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

disclaimer copyright © 2005 - 2019