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TRIDENT LTD. Announces Quarterly Results (1QFY19); Net Profit Down 33.4%

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TRIDENT LTD. Announces Quarterly Results (1QFY19); Net Profit Down 33.4%
Wed, 8 Aug

TRIDENT LTD. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

TRIDENT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m11,80711,85011,312-4.5%-4.2%
Other incomeRs m297-2985-71.5%
TurnoverRs m12,10411,82111,397-3.6%-5.8%
ExpensesRs m9,5109,6829,357-3.4%-1.6%
Gross profitRs m2,2972,1681,955-9.8%-14.9%
DepreciationRs m1,023982944-3.9%-7.7%
InterestRs m3342772801.0%-16.2%
Profit before taxRs m1,237880816-7.3%-34.0%
TaxRs m348371224-39.7%-35.6%
Profit after taxRs m88950959216.4%-33.4%
Gross profit margin%19.518.317.3
Effective tax rate%28.142.227.4
Net profit margin%7.34.35.2
* 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 4.2% on a year-on-year (YoY) basis. The expenses were down by 1.6% YoY during the same period.
  • The company's operating profit declined by 14.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.3% in 1QFY19 as against 19.5% in 1QFY18.
  • Depreciation charges and finance costs declined by 7.7% YoY and 16.2% YoY, respectively.
  • Other income declined by 71.5% YoY during the quarter.
  • Net profit for the quarter declined by 33.4% YoY. Net profit margins during the quarter declined from 7.3% in 1QFY18 to 5.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.4% QoQ during the same period.
  • The company's operating profit declined by 9.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.3% in 1QFY19 as against 18.3% in 4QFY18.
  • Net profit for the quarter increased by 16.4% QoQ, while net profit margins increased from 4.3% in 4QFY18 to 5.2% in 1QFY19.

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

TRIDENT LTD. Share Price Performance

Over the last one year, TRIDENT LTD. share price has moved up from Rs 84.8 to Rs 63.9, registering a Loss of Rs 20.9 or around 24.6%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 63.9, the price to earnings (P/E) ratio of TRIDENT LTD. stands at 13.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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TRIDENT LTD. Announces Quarterly Results (2QFY19); Net Profit Up 114.4% (Quarterly Result Update)

Oct 16, 2018 | Updated on Oct 16, 2018

For the quarter ended September 2018, TRIDENT LTD. has posted a net profit of Rs 1 bn (up 114.4% YoY). Sales on the other hand came in at Rs 14 bn (up 20.5% YoY). Read on for a complete analysis of TRIDENT LTD.'s quarterly results.

TRIDENT LTD. 2017-18 Annual Report Analysis (Annual Result Update)

Aug 28, 2018 | Updated on Aug 28, 2018

Here's an analysis of the annual report of TRIDENT LTD. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of TRIDENT LTD.. Also includes updates on the valuation of TRIDENT LTD..

TRIDENT LTD. Announces Quarterly Results (4QFY18); Net Profit Down 48.9% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, TRIDENT LTD. has posted a net profit of Rs 509 m (down 48.9% YoY). Sales on the other hand came in at Rs 12 bn (down 7.5% YoY). Read on for a complete analysis of TRIDENT LTD.'s quarterly results.

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