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Trident Ltd Interim / Quarterly Report 2022
59305_rns_2022-01-18_06b1000b-b8fc-4ea7-9fa3-7b9598c0a86b.pdf
Interim / Quarterly Report
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E-212, Kitchlu Nagar Ludhiana - 141001 Punjab, India Talk: +91 161 5039999 Fax: +91 161 5038800 Visit: tridentindia.com
TRIDENT/CS/2022 January 18, 2022
| The ManagerListing DepartmentNational Stock Exchange of India LimitedExchange Plaza, Plot No. C/1, G BlockBandra Kurla Complex, Bandra (E) | The ManagerListing DepartmentBSE LimitedPhiroze Jeejeebhoy TowersDalal Street |
|---|---|
| Mumbai - 400 051 | Mumbai - 400 001 |
| Scrip Code:- TRIDENT | Scrip Code:- 521064 |
Dear Sir/ Madam
Sub: Submission of Press Release
Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Press Release issued by the Company with respect to Financial Results for the Quarter and Nine Months ended on December 31, 2021. The same is also available on the website of the Company i.e. www.tridentindia.com.
We hope you will find the same in order.
Thanking you, Yours sincerely, For Trident Limited RAMAND Digitally signed by EEP KAUR Date: 2022.01.18 (Ramandeep Kaur) Company Secretary ICSI Membership No.: F9160
Encl: As above
18/01/2022
Trident Limited, Regd. Office: Trident Group, Sanghera - 148 101, India
CIN: L99999PB1990PLC010307
$\sum$ corpldtridentindia.com
TL/2022/019600
Q3 FY22 Press Release
Key Highlights:
- ➔ 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
Ludhiana, January 18, 2022: 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.
| Figures in INR Million | |||||||
|---|---|---|---|---|---|---|---|
| Particulars | Q3 FY22 | Q2 FY22 | Q-o-Q Shift | Q3 FY21 | Y-o-Y Shift | FY21 | |
| Total Income | 19,611.2 | 16,726.7 | 17.2% | 12,949.3 | 51.4% | 45,353.1 | |
| EBITDA | 4,063.4 | 4,129.2 | -1.6% | 2,431.4 | 81.9% | 8,269.9 | |
| EBITDA % | 20.7% | 24.7% | -397 bps | 18.8% | 190 bps | 18.2% | |
| Depreciation | 775.2 | 867.2 | -10.6% | 829.6 | -6.6% | 3,364.6 | |
| EBIT | 3,288.2 | 3,262.0 | 0.80% | 1,601.8 | 105.3% | 4,905.3 | |
| Finance Cost | 223.8 | 198.7 | 12.6% | 132.1 | 69.7% | 720.0 | |
| PBT BeforeExceptional Item | 3,064.4 | 3,063.3 | 0.03% | 1,469.7 | 108.5% | 4,185.4 | |
| Exceptional Item | 252.0 | - | 100% | -570.4 | 144.2% | -266.1 | |
| Profit Before Tax | 2,812.4 | 3,063.3 | -8.2% | 2,040.1 | 37.8% | 4,451.4 | |
| Profit After Tax | 2,091.0 | 2,288.0 | -8.6% | 1,597.6 | 30.9% | 3,457.4 | |
| EPS (INR) | 0.42 | 0.46 | -0.04 | 0.31 | 0.11 | 0.68 | |
| Cash Profit | 2,866.2 | 3,155.2 | -9.2% | 2,427.2 | 18.1% | 6,821.9 |
Financial Highlights for Q3 FY22
Figures in INR Million Particulars 31st Dec 2021 30th Sep 2021 Net Worth 36,294.5 35,694.8 Net Debt 14,848.9 10,453.9 Net Debt / EBITDA 0.91x 0.63x Net Debt / Equity 0.41x 0.29x
Net Debt/ EBITDA are annualized in nature
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
- 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 0.41x
- 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 challenging environment.
We will continue to create value and maintain Trident͛s excellence-centric mindset to achieve even stronger and better results in the coming years.͟
- ENDS –
Safe Harďour: This doĐuŵeŶt ŵay ĐoŶtaiŶ ͚forǁard -lookiŶg stateŵeŶts͛ that iŶǀolǀe known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
About Trident Limited:
Trident Limited is the flagship Company of Trident Group, a USD 4 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident Limited is vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer. Trident's towels, yarns, bed sheets and paper businesses have earned global recognition and are delighting millions of customers across India and the world. Trident is one of the largest players in home textile in India. Supplying national, captive, and retailer owned brands, the organization is highly decorated with awards from its customers, vendors, and various government entities in recognition of advancing the highest standards in product quality, social responsibility, and environmental stewardship.
The Company operates in three major business segments: Textiles, Paper and Chemicals with its manufacturing facilities located in Punjab and Madhya Pradesh.
For more information, please visit www.tridentindia.com OR contact:
Abhinav Gupta/ Rahul Sharma Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: [email protected]