Trident Ltd Q3 PAT up 90% at Rs283.6cr on doubling of operating profits in the textiles business

19 Jan 2022 , 12:47 AM

Trident Ltd reported 51.94% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,980cr. On a sequential basis, the total revenues were up 17.05%.

The company saw a sharp spike in the top line revenues for the core textiles business which spiked by 54% to Rs1,728cr in the quarter on a comparable yoy basis.

Even the smaller paper and chemicals business saw revenues grow by nearly 40% at Rs252cr in the quarter. The company revenues have largely bounced back to the pre-COVID levels in this quarter.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 90.22% at Rs283.60cr on the back of a 95% surge in EBITDA profits of the textiles business to Rs289cr.

Even the EBITDA profit of the chemicals and paper business was up by 49% at Rs59cr. The company recorded exceptional losses of Rs26.2cr in the current quarter on account of diminution in the value of e-scrips held by them.

Profit growth could have been better but for spike in input costs. PAT margins rose from 11.44% in Dec-20 quarter to 14.32% in Dec-21 quarter.

Financial highlights for Dec-21 compared yoy and sequentially

	Trident Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,980.01	₹ 1,303.15	51.94%	₹ 1,691.59	17.05%
Net Profit (Rs cr)	₹ 283.60	₹ 149.09	90.22%	₹ 313.98	-9.68%
Diluted EPS (Rs)	₹ 0.42	₹ 0.22		₹ 0.47
Net Margins	14.32%	11.44%		18.56%