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

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TRIDENT Announces Quarterly Results (2QFY21); Net Profit Down 26.9%
Fri, 16 Oct

TRIDENT has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

TRIDENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m13,2087,07911,71465.5%-11.3%
Other incomeRs m705432-42.0%-55.1%
TurnoverRs m13,2787,13411,74664.7%-11.5%
ExpensesRs m10,6885,9479,47659.4%-11.3%
Gross profitRs m2,5201,1332,23897.6%-11.2%
DepreciationRs m8498248310.8%-2.1%
InterestRs m271231123-46.8%-54.6%
Profit before taxRs m1,4701321,316896.6%-10.5%
TaxRs m9931313910.0%215.0%
Profit after taxRs m1,3711011,002892.5%-26.9%
Gross profit margin%19.116.019.1
Effective tax rate%6.823.523.8
Net profit margin%10.31.48.5
* 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 fell 11.3% on a year-on-year (YoY) basis. The expenses were down by 11.3% YoY during the same period.
  • The company's operating profit declined by 11.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 19.1% in 2QFY21.
  • Depreciation charges declined by 2.1% and finance costs declined by 54.6% YoY, respectively.
  • Other income declined by 55.1% YoY during the quarter.
  • Net profit for the quarter declined by 26.9% YoY. Net profit margins during the quarter declined from 10.3% in 2QFY20 to 8.5% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 65.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 59.4% QoQ during the same period.
  • The company's operating profit increased by 97.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.1% in 2QFY21 as against 16.0% in 1QFY20.
  • Net profit for the quarter increased by 892.5% QoQ, while net profit margins increased from 1.4% in 1QFY20 to 8.5% in 2QFY21.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

TRIDENT Share Price Performance

Over the last one year, TRIDENT share price has moved up from Rs 5.6 to Rs 7.9, registering a Gain of Rs 2.3 or around 40.9%.

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 7.9, the price to earnings (P/E) ratio of TRIDENT stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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

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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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