Trident Ltd's Q2FY19 standalone net profit rises 114.4% yoy to Rs109.14cr : Beats Estimates

The company’s standalone revenue stood at Rs1,391.50cr, up 24.19% yoy

Oct 16, 2018 12:10 IST India Infoline Research Team

Trident Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 1,391.50 24.2
Adj. EBITDA 316.90 82.8
EBITDA Margin (%) 22.8 729
Net Profit (adjusted) 109.14 114.4
***EBITDA margin change is bps

Trident Ltd's Q2FY19 results beat the estimates. Net revenue grew by 24.2% yoy to Rs1,391.5cr against Rs1,120.5cr in Q2FY18, beating the estimate of Rs1,210cr. Adj. EBITDA for the quarter grew by 82.8% yoy to Rs316.9cr against Rs173.4cr. EBITDA margin expanded by 729bps yoy to 22.8%. Net profit for the quarter grew by 114.4% yoy to Rs109.14cr against Rs50.9cr last year, beating the estimate of Rs64cr.

• Finance cost decreased by 18.5% yoy to Rs26cr.
• Bed Linen & Bath Linen volume grew by 32.5% & 29.6% yoy respectively.
• Gross Debt stands at Rs2527cr as on September 30, 2018.
• Textile segment's revenue grew by 24.6% yoy.
• Paper & Chemicals segment's revenue registered a growth of 22% yoy.

Technical View:

Trident Ltd ended at Rs. 69.10, up by 11.4 points or 19.76% from its previous closing of Rs. 57.70 on the BSE.
The scrip opened at Rs. 57.85 and touched a high and low of Rs. 69.20 and Rs. 57.85 respectively. A total of 1,24,79,547 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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