HIGHEST EVER QUARTERLY REVENUE ACHIEVED IN Q3 FY22 AMOUNTING TO INR 19,611.2 MILLION, CONSISTENT QUARTERLY EBITDA OF INR 4063.4 MILLION, WITH EBITDA MARGIN OF 20.7% IN Q3 FY22
Chandigarh (Face2News)
Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter ended December 31, 2021.
Financial & Business Highlights:
· Total Revenue in Q3 FY22 stood at INR 19,611.2 million compared to INR 12,949.3 million in Q3 FY21 , which is Highest ever quarterly revenue.
· EBIDTA for Q3 FY22 stood at INR 4,063.4 million which translates into 20.7% margin
· Profit after tax for the Q3 FY22 is INR 2091 million with PAT margin of 10.7%
· Net Debt increased in Q3 FY22 to reach level of INR 14,848.9 million as compared to INR 10,453.9 million as on 30st September 2021; Net Debt to Equity ratio stood at 0.41xMr. Rajinder Gupta, Chairman at Trident Group said: “The Company has shown high resilience and displayed strong performance despite the challenging environment. We will continue to create value and maintain Trident’s excellence-centric mindset to achieve even stronger and better results in the coming years.”
· Textile Segment Revenue stood at INR 17,059.3 million in Q3 FY22 compared to INR 11,077.7 million in Q3 FY21. EBIT for the segment increased to INR 2,870.7 million as compared to INR 1,445 million in Q3 FY21.
· Paper Segment Revenue stood at INR 2,519.5 million in Q3 FY22 as compared to INR 1,824.1 million in Q3 FY21. EBIT for the segment during the period stands at INR 580.7 million as compared to INR 389.2 million in Q3 FY21.
Recent Expansion: Trident Limited has announced capex worth 13,770 million last quarter for which the projects are under implementation stage with on-going soil testing/development work and discussions/ finalization of contracts for plant and machinery procurement are under way.
Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “The Company has shown high resilience and displayed strong performance despite the challenging environment. We will continue to create value and maintain Trident’s excellence-centric mindset to achieve even stronger and better results in the coming years.”