TRIDENT Announces Quarterly Results (1QFY22); Net Profit Up 1976.4%

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TRIDENT Announces Quarterly Results (1QFY22); Net Profit Up 1976.4%
Mon, 16 Aug

TRIDENT has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

TRIDENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m7,08513,45014,82410.2%109.2%
Other incomeRs m5510791-14.9%64.9%
TurnoverRs m7,14013,55614,91510.0%108.9%
ExpensesRs m5,95411,16211,044-1.1%85.5%
Gross profitRs m1,1321,9833,78090.6%234.0%
DepreciationRs m825881875-0.7%6.0%
InterestRs m2312352506.6%8.3%
Profit before taxRs m1319742,746181.9%1997.8%
TaxRs m31210678223.6%2065.8%
Profit after taxRs m1007652,068170.5%1976.4%
Gross profit margin%16.014.725.5
Effective tax rate%23.921.524.7
Net profit margin%1.45.613.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 109.2% on a year-on-year (YoY) basis. The expenses were up by 85.5% YoY during the same period.
  • The company's operating profit increased by 234.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.5% in 1QFY22 as against 16.0% in 1QFY21.
  • Depreciation charges increased by 6.0% and finance costs increased by 8.3% YoY, respectively.
  • Other income increased by 64.9% YoY during the quarter.
  • Net profit for the quarter increased by 1976.4% YoY. Net profit margins during the quarter increased from 1.4% in 1QFY21 to 13.9% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.1% QoQ during the same period.
  • The company's operating profit increased by 90.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.5% in 1QFY22 as against 14.7% in 4QFY21.
  • Net profit for the quarter increased by 170.5% QoQ, while net profit margins increased from 5.6% in 4QFY21 to 13.9% in 1QFY22.

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

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TRIDENT Share Price Performance

Over the last one year, TRIDENT share price has moved up from Rs 6.7 to Rs 21.1, registering a Gain of Rs 14.4 or around 213.1%.

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 21.1, the price to earnings (P/E) ratio of TRIDENT stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 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.

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