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

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TRIDENT Announces Quarterly Results (4QFY19); Net Profit Up 82.0%
Wed, 15 May

TRIDENT has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

TRIDENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m11,85012,91414,0548.8%18.6%
Other incomeRs m-29150111-26.1%
TurnoverRs m11,82113,06414,1658.4%19.8%
ExpensesRs m9,68210,22811,46512.1%18.4%
Gross profitRs m2,1682,6862,589-3.6%19.4%
DepreciationRs m982892886-0.6%-9.7%
InterestRs m27729434316.6%23.7%
Profit before taxRs m8801,6501,471-10.9%67.1%
TaxRs m3715295453.1%46.8%
Profit after taxRs m5091,121926-17.4%82.0%
Gross profit margin%18.320.818.4
Effective tax rate%42.232.137.1
Net profit margin%4.38.66.5
* 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 grew 18.6% on a year-on-year (YoY) basis. The expenses were up by 18.4% YoY during the same period.
  • The company's operating profit increased by 19.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.4% in 4QFY19.
  • Depreciation charges declined by 9.7% and finance costs increased by 23.7% YoY, respectively.
  • Other income declined by 481.5% YoY during the quarter.
  • Net profit for the quarter increased by 82.0% YoY. Net profit margins during the quarter increased from 4.3% in 4QFY18 to 6.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.1% QoQ during the same period.
  • The company's operating profit declined by 3.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.4% in 4QFY19 as against 20.8% in 3QFY18.
  • Net profit for the quarter declined by 17.4% QoQ, while net profit margins declined from 8.6% in 3QFY18 to 6.5% in 4QFY19.

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 up from Rs 60.4 to Rs 64.6, registering a Gain of Rs 4.2 or around 7.0%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 64.6, the price to earnings (P/E) ratio of TRIDENT stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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For the quarter ended June 2019, TRIDENT has posted a net profit of Rs 1 bn (up 108.1% YoY). Sales on the other hand came in at Rs 13 bn (up 15.4% YoY). Read on for a complete analysis of TRIDENT's quarterly results.

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