Trident announces its financial results for quarter ended June 30

Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter ended June 30, 2021.

Key Highlights:

• Highest ever quarterly revenue achieved in Q1 FY22 amounting to INR 14798.6 million.
• Highest ever quarterly EBITDA of INR 3824.5 million with EBITDA Margin of 25.8% in Q1 FY22.
• Highest ever Profit after Tax of INR 2035 million in Q1 FY22 with PAT margin of 13.75% .
• E-commerce own brand revenue in the Home Textile segment registered 237% Y-o-Y growth .

Financial & Business Highlights:

• Total Revenue in Q1 FY22 stood at INR 14,798.6 million compared to INR 7133.6 million in Q1 FY21
• EBIDTA for Q1 FY22 stood at INR 3824.5 million which translates into 25.8% margin. Adjusted EBITDA after taking into consideration RoSCTL pertaining to Q4 FY21, is INR 3245.2 million, and adjusted EBITDA margin is 22.8%
• Profit after tax for the Q1 FY22 is INR 2035 million with PAT margin of 13.75%
• Net Debt reduced in Q1 FY22 to reach level of INR 12319.8 million as compared to INR 14231.9  million as on 31st March 2021; Net Debt to Equity ratio stood at 0.35x
• Textile Segment Revenue stood at INR 12821.2 million in Q1 FY22 compared to INR 5857 million in Q1 FY21. EBIT for the segment increased to INR 2659.8 million as compared to INR 131.3 crores in Q1 FY21
• Paper Segment Revenue stood at INR 1950 million in Q1 FY22 as compared to INR 1223 million in Q1 FY21. EBIT for the segment during the period stands at INR 592.8 million as compared to INR 336.8 million in Q1 FY 21.

Trident announces its financial results for quarter ended June 30

Recent Expansion:  Trident Limited has begun commercial production of yarn in a new spinning unit with a capacity of 61,440 spindles and 480 rotors.

Do Follow us on :- Facebook, Instagram, Twitter, YouTube.

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said, “The quarterly performance has been remarkable despite uncertainties due to Covid-19 and we shall continue to drive with focused and futuristic initiatives to build an organisation more dynamic and distinctive than ever before, creating value for stakeholders”.