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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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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.

TRIDENT Announces Quarterly Results (4QFY19); Net Profit Up 82.0% (Quarterly Result Update)

May 15, 2019 | Updated on May 15, 2019

For the quarter ended March 2019, TRIDENT has posted a net profit of Rs 926 m (up 82.0% YoY). Sales on the other hand came in at Rs 14 bn (up 18.6% YoY). Read on for a complete analysis of TRIDENT's quarterly results.

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Jan 16, 2019 | Updated on Jan 16, 2019

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TRIDENT SHARE PRICE

BSE: 6.23 9.49% NSE: 6.25 10.62%
Feb 20, 2020 (Close)

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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