TRIDENT Announces Quarterly Results (2QFY21); Net Profit Down 26.9%
Fri, 16 Oct

TRIDENT has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

TRIDENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m13,2087,07911,71465.5%-11.3%
Other incomeRs m705432-42.0%-55.1%
TurnoverRs m13,2787,13411,74664.7%-11.5%
ExpensesRs m10,6885,9479,47659.4%-11.3%
Gross profitRs m2,5201,1332,23897.6%-11.2%
DepreciationRs m8498248310.8%-2.1%
InterestRs m271231123-46.8%-54.6%
Profit before taxRs m1,4701321,316896.6%-10.5%
TaxRs m9931313910.0%215.0%
Profit after taxRs m1,3711011,002892.5%-26.9%
Gross profit margin%19.116.019.1
Effective tax rate%6.823.523.8
Net profit margin%10.31.48.5
* 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 fell 11.3% on a year-on-year (YoY) basis. The expenses were down by 11.3% YoY during the same period.
  • The company's operating profit declined by 11.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 19.1% in 2QFY21.
  • Depreciation charges declined by 2.1% and finance costs declined by 54.6% YoY, respectively.
  • Other income declined by 55.1% YoY during the quarter.
  • Net profit for the quarter declined by 26.9% YoY. Net profit margins during the quarter declined from 10.3% in 2QFY20 to 8.5% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 65.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 59.4% QoQ during the same period.
  • The company's operating profit increased by 97.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.1% in 2QFY21 as against 16.0% in 1QFY20.
  • Net profit for the quarter increased by 892.5% QoQ, while net profit margins increased from 1.4% in 1QFY20 to 8.5% in 2QFY21.

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

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TRIDENT Share Price Performance

Over the last one year, TRIDENT share price has moved up from Rs 5.6 to Rs 7.9, registering a Gain of Rs 2.3 or around 40.9%.

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 7.9, the price to earnings (P/E) ratio of TRIDENT stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.