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

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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 ChangeYoY Change
Net SalesRs m11,31214,05413,053-7.1%15.4%
Other incomeRs m8511178-29.6%-7.9%
TurnoverRs m11,39714,16513,131-7.3%15.2%
ExpensesRs m9,35711,46510,092-12.0%7.9%
Gross profitRs m1,9552,5892,96214.4%51.5%
DepreciationRs m944886846-4.5%-10.3%
InterestRs m2803433584.5%28.1%
Profit before taxRs m8161,4711,83524.8%124.9%
TaxRs m22454560310.5%169.1%
Profit after taxRs m5929261,23233.1%108.1%
Gross profit margin%17.318.422.7
Effective tax rate%27.437.132.8
Net profit margin%5.26.59.4
* 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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