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

19 Jan 2022 , 12:44 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%

Related Tags

  • Q3 FY2022 results of Trident Ltd
  • Textiles Sector
  • Trident Ltd management
  • Trident Ltd news
  • Trident Ltd Q3
  • Trident Ltd Q3FY22 PAT
  • Trident Ltd Q3FY22 Result
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