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TRIDENT
TRIDENT Announces Quarterly Results (1QFY20); Net Profit Up 108.1%

TRIDENT Announces Quarterly Results (1QFY20); Net Profit Up 108.1%
Mon, 5 Aug

TRIDENT has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TRIDENT Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-18*	3 Mar-19*	3 Jun-19*	QoQ Change	YoY Change
Net Sales	Rs m	11,312	14,054	13,053	-7.1%	15.4%
Other income	Rs m	85	111	78	-29.6%	-7.9%
Turnover	Rs m	11,397	14,165	13,131	-7.3%	15.2%
Expenses	Rs m	9,357	11,465	10,092	-12.0%	7.9%
Gross profit	Rs m	1,955	2,589	2,962	14.4%	51.5%
Depreciation	Rs m	944	886	846	-4.5%	-10.3%
Interest	Rs m	280	343	358	4.5%	28.1%
Profit before tax	Rs m	816	1,471	1,835	24.8%	124.9%
Tax	Rs m	224	545	603	10.5%	169.1%
Profit after tax	Rs m	592	926	1,232	33.1%	108.1%
Gross profit margin	%	17.3	18.4	22.7
Effective tax rate	%	27.4	37.1	32.8
Net profit margin	%	5.2	6.5	9.4

* Results Consolidated
Interim results exclude extraordinary / exceptional items

Source: Company Reports, Regulatory Filings, Equitymaster

Year-on-Year Performance:

The company's operating income during the quarter grew 15.4% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
The company's operating profit increased by 51.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.7% in 1QFY20 as against 17.3% in 1QFY19.
Depreciation charges declined by 10.3% and finance costs increased by 28.1% YoY, respectively.
Other income declined by 7.9% YoY during the quarter.
Net profit for the quarter increased by 108.1% YoY. Net profit margins during the quarter increased from 5.2% in 1QFY19 to 9.4% in 1QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 7.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.0% QoQ during the same period.
The company's operating profit increased by 14.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.7% in 1QFY20 as against 18.4% in 4QFY19.
Net profit for the quarter increased by 33.1% QoQ, while net profit margins increased from 6.5% in 4QFY19 to 9.4% in 1QFY20.

To see how TRIDENT has performed over the last eight quarters,please visit here.

TRIDENT Share Price Performance

Over the last one year,TRIDENT share price has moved down from Rs 64.1 to Rs 55.8, registering a Loss of Rs 8.4 or around 13.0%.

Overall, the S&P BSE SENSEX is down 1.7% over the year.

Current Valuations

At the current price of Rs 55.8, the price to earnings (P/E) ratio of TRIDENT stands at 6.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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TRIDENT Announces Quarterly Results (2QFY21); Net Profit Down 26.9% (Quarterly Result Update)

Oct 16, 2020 | Updated on Oct 16, 2020

For the quarter ended September 2020, TRIDENT has posted a net profit of Rs 1 bn (down 26.9% YoY). Sales on the other hand came in at Rs 12 bn (down 11.3% YoY). Read on for a complete analysis of TRIDENT's quarterly results.

TRIDENT Announces Quarterly Results (4QFY20); Net Profit Down 57.3% (Quarterly Result Update)

May 19, 2020 | Updated on May 19, 2020

For the quarter ended March 2020, TRIDENT has posted a net profit of Rs 396 m (down 57.3% YoY). Sales on the other hand came in at Rs 10 bn (down 29.5% YoY). Read on for a complete analysis of TRIDENT's quarterly results.

TRIDENT 2018-19 Annual Report Analysis (Annual Result Update)

Sep 3, 2019 | Updated on Sep 3, 2019

Here's an analysis of the annual report of TRIDENT for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TRIDENT. Also includes updates on the valuation of TRIDENT.

More Views on News

TRIDENT SHARE PRICE

BSE: 13.96 1.38% NSE: 13.95 1.45%
Mar 2, 2021 (Close)

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