Trident Ltd — Earnings Release 2021

May 15, 2021

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15/05/2021

TL/2021/009268

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Q4 FY21 Press Release

Key Highlights:

• Bath and Bed Linen Segment registers revenue growth of 52% and 109% on Y-o-Y basis

• 92% capacity utilization in Bed Linen Segment

• E-commerce own brand revenue in Home Textile segment registered 560% growth over FY20

• Prepayment of term loans of ~ INR 650 Crores in FY21

Ludhiana, May 15, 2021 : Trident Limited, a vertically integrated Textile (Yarn, B a th & Bed Linen) and Paper (Wheat Straw-based) manufa c turer announced its financial results for the q u arter and year ended March 31, 2021.

Financial Highlights for Q4 FY21

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Figures in INR Crs
Particulars Q4 FY21 Q4 FY20 Shift FY21 FY20 Shift
1353 997 35.7% 4535 4724
Total Income -4.0%
238 152 56.5% 827 8 6 5
EBITDA -4.4%
EBITDA % 17.6% 15.2% 237 bps 18.2% 18.3% -7 bps
88 82 7.3% 336 3 3 3
Depreciation 0.8%
150 70 113.0% 491 532
EBIT -7.7%
23 28 -17.8% 72 1 1 1
Finance Cost -35.0%
30 - - -26 -
Exceptional Item -
96 43 123.2% 445 4 2 1
Profit Before Tax 5.70%
76 40 90.0% 346 342
Profit After Tax 1.2%
0.15 0.08 0.07 0.68 0. 6 7
EPS (INR) 1.4%
164 121 35.5% 682 675
Cash Profit 1.0%
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Figures in INR Crs
Particulars 31 [st] Mar 2021 31 [st] Mar 2020
Net Worth 3317 2967
Net Debt 1423 1614
Net Debt / EBITDA 1.7x 1.9x
Net Debt / Equity 0.4x 0.5x
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Financial &Business Highlights:

• Net Revenue in Q4 FY21 stood at INR 1353 crores compared to INR 997 crore s in Q4FY20 and INR 4535 crores in FY 21 compared to INR 4724 crores in FY20

• EBIDTA for the quarter Q4 FY21 stood at INR 238 crores and INR 827 crores for FY21

• Profit after tax for the Q4FY21 stood at INR 76 crores and INR 346 crores for FY21

• Finance cost for Q4 FY21 reduced to INR 23 crores as compared to INR 28 Crores in Q4 FY20 and the same for the FY21 amounts to INR 72 crores

• Net Debt reduced significantly as on Mar 31, 2021 to reach level of INR 1423 Crores as compared to INR 1614.5 crores as on 31[st] Mar c h 2020 Net Debt to Equity ratio stood at 0.4x

• Textile Segment Revenue stood a t INR 1132 crores in Q4 FY21 compared to INR 777 crores in Q4 FY20 registering 46% growth. EBIT for the segment for Q4 FY21 increased to INR 120 crores as compared to INR 33 crores in Q4 F Y20 with 263% growth.

• Paper Segment Revenue stood a t INR 218 crores in Q4 FY21 compared to INR 214 crores in Q4 FY20 . EBIT for the segment in Q 4 FY21 increased to INR 61 crores as compare d to INR 58 crores in Q4FY20.

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said:

“The company has delivered strong pe r formance during the year despite the challenges p osed by Covid-19. We hope to maintain a strong momentum g o ing forward & harness our efforts towards achievi n g VISION 2025”

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- ENDS –

Safe Harbour: This document may contain ‘forward -l o oking statements’ that involve known and unknown risks, uncertainti e s and other factors, which may cause the actual results, financial condition, performa n ce or achievements of the Company or industry results to differ mat e rially from the results, financial condition, performance or achievements expressed o r implied by such forward-looking statements, including future c h anges or developments in the Company's business, its competitive environment and p olitical, economic, legal and social conditions. The Company disclaim s any obligation to update these forward-looking statements to reflect future events or d evelopments.

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About Trident Limited:

Trident Limited is the flagship C ompany of Trident Group, a USD 1 billi o n Indian business conglomerate and a g lobal player. Headquartered in Ludhiana, Punjab, Trident Limited is vertically inte g rated textile (Yarn, Bath & Bed Linen) a n d Paper (Wheat Straw-based) manufactur e r and is one of the largest players in Ho m e Textile Space in India. Supplying na t ional, captive, and retailer owned br a nds, the organization is highly decorated w ith awards from its customers, vendors, and various government entities in recogniti o n of advancing the highest standards i n product quality, social responsibility, and e nvironmental stewardship.

The Company operates in two m a jor business segments: Textiles and Pap e r with its manufacturing facilities located in Punjab and Madhya Pradesh.

For more information, please visit www.tridentindia.com OR contact:

Abhinav Gupta/ Ajay Singla Trident Limited Tel:+911615039999 Fax:+911615039900 Email: corp.relations@t r identindia.com