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

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TRIDENT LTD. Announces Quarterly Results (2QFY19); Net Profit Up 114.4%
Tue, 16 Oct

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

TRIDENT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,54911,31213,91523.0%20.5%
Other incomeRs m357859815.9%-72.5%
TurnoverRs m11,90611,39714,01323.0%17.7%
ExpensesRs m9,8159,35711,30420.8%15.2%
Gross profitRs m1,7341,9552,61133.5%50.6%
DepreciationRs m1,022944917-2.8%-10.3%
InterestRs m319280260-7.1%-18.4%
Profit before taxRs m7518161,53287.7%104.1%
TaxRs m24222444196.8%82.4%
Profit after taxRs m5095921,09184.3%114.4%
Gross profit margin%15.017.318.8
Effective tax rate%32.227.428.8
Net profit margin%4.35.27.8
* 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 20.5% on a year-on-year (YoY) basis. The expenses were up by 15.2% YoY during the same period.
  • The company's operating profit increased by 50.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.8% in 2QFY19 as against 15.0% in 2QFY18.
  • Depreciation charges and finance costs declined by 10.3% YoY and 18.4% YoY, respectively.
  • Other income declined by 72.5% YoY during the quarter.
  • Net profit for the quarter increased by 114.4% YoY. Net profit margins during the quarter increased from 4.3% in 2QFY18 to 7.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.8% QoQ during the same period.
  • The company's operating profit increased by 33.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.8% in 2QFY19 as against 17.3% in 1QFY18.
  • Net profit for the quarter increased by 84.3% QoQ, while net profit margins increased from 5.2% in 1QFY18 to 7.8% in 2QFY19.

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 down from Rs 101.4 to Rs 70.2, registering a Loss of Rs 31.2 or around 30.8%.

Overall, the S&P BSE SENSEX is up 7.6% over the year.

Current Valuations

At the current price of Rs 70.2, the price to earnings (P/E) ratio of TRIDENT LTD. stands at 12.2 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 (3QFY19); Net Profit Up 53.6% (Quarterly Result Update)

Jan 16, 2019 | Updated on Jan 16, 2019

For the quarter ended December 2018, TRIDENT LTD. has posted a net profit of Rs 1 bn (up 53.6% YoY). Sales on the other hand came in at Rs 13 bn (up 13.6% YoY). Read on for a complete analysis of TRIDENT LTD.'s quarterly results.

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

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For the quarter ended June 2018, TRIDENT LTD. has posted a net profit of Rs 592 m (down 33.4% YoY). Sales on the other hand came in at Rs 11 bn (down 4.2% YoY). Read on for a complete analysis of TRIDENT LTD.'s quarterly results.

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