TRIDENT LTD. Announces Quarterly Results (3QFY19); Net Profit Up 53.6%
Wed, 16 Jan

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

TRIDENT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m11,37213,91512,914-7.2%13.6%
Other incomeRs m3169815052.7%-52.5%
TurnoverRs m11,68714,01313,064-6.8%11.8%
ExpensesRs m9,37111,30410,228-9.5%9.1%
Gross profitRs m2,0002,6112,6862.9%34.3%
DepreciationRs m1,013917892-2.7%-12.0%
InterestRs m25226029413.2%16.5%
Profit before taxRs m1,0501,5321,6507.7%57.1%
TaxRs m32044152920.0%65.3%
Profit after taxRs m7301,0911,1212.7%53.6%
Gross profit margin%17.618.820.8
Effective tax rate%30.528.832.1
Net profit margin%6.27.88.6
* 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 13.6% on a year-on-year (YoY) basis. The expenses were up by 9.1% YoY during the same period.
  • The company's operating profit increased by 34.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 3QFY19 as against 17.6% in 3QFY18.
  • Depreciation charges declined by 12.0% and finance costs increased by 16.5% YoY, respectively.
  • Other income declined by 52.5% YoY during the quarter.
  • Net profit for the quarter increased by 53.6% YoY. Net profit margins during the quarter increased from 6.2% in 3QFY18 to 8.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.5% QoQ during the same period.
  • The company's operating profit increased by 2.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 3QFY19 as against 18.8% in 2QFY18.
  • Net profit for the quarter increased by 2.7% QoQ, while net profit margins increased from 7.8% in 2QFY18 to 8.6% in 3QFY19.

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 87.9 to Rs 71.0, registering a Loss of Rs 17.0 or around 19.3%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 71.0, the price to earnings (P/E) ratio of TRIDENT LTD. stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.