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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "TRIDENT Announces Quarterly Results (1QFY20); Net Profit Up 108.1%". Click here!

  

Related Views on News

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

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TRIDENT SHARE PRICE


Mar 2, 2021 (Close)

TRACK TRIDENT

  • Track your investment in TRIDENT with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

TRIDENT - PEARL GLOBAL COMPARISON

COMPARE TRIDENT WITH

MARKET STATS