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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "TRIDENT LTD. Announces Quarterly Results (2QFY19); Net Profit Up 114.4%". Click here!

  

Related Views on News

TRIDENT 2018-19 Annual Report Analysis (Annual Result Update)

Sep 3, 2019 | Updated on Sep 3, 2019

Here's an analysis of the annual report of TRIDENT for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TRIDENT. Also includes updates on the valuation of TRIDENT.

TRIDENT Announces Quarterly Results (1QFY20); Net Profit Up 108.1% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

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.

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

May 15, 2019 | Updated on May 15, 2019

For the quarter ended March 2019, TRIDENT has posted a net profit of Rs 926 m (up 82.0% YoY). Sales on the other hand came in at Rs 14 bn (up 18.6% YoY). Read on for a complete analysis of TRIDENT's quarterly results.

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

Dec 21, 2018 | Updated on Dec 21, 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..

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

TRIDENT SHARE PRICE


Jan 22, 2020 (Close)

TRACK TRIDENT

  • Track your investment in TRIDENT with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

TRIDENT - JBF INDUSTRIES COMPARISON

COMPARE TRIDENT WITH

MARKET STATS