Trident Ltd — Investor Presentation 2020

Oct 15, 2020

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TRIDENT/CS/2020

October 15, 2020

The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers BandraKurla Complex, Bandra (E) Dalal Street Mumbai – 400 051 Mumbai – 400 001 Scrip Code:- TRIDENT Scrip Code:- 521064

Dear Sir/ Madam,

Sub: Investors’ Presentation

In terms of Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith copy of Investors’ Presentation with respect to the performance of the Company for the Quarter and Half Year ended September 30, 2020, for analysts and institutional investors.

We request you to kindly place the same on the website of stock exchange(s), for the information of shareholders.

The same is also available on the website of the Company i.e. www.tridentindia.com.

Thanking you Yours faithfully For Trident Limited RAMANDEEP Digitally signed by RAMANDEEP KAUR KAUR Date: 2020.10.15 20:56:29 +05'30'

(Ramandeep Kaur) Company Secretary ICSI Membership No.: F9160

Encl: As above

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15/10/2020

TL/2020/001646

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Trident Limited Q2 FY21 Earnings Presentation

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Safe Harbour

This presentation has been prepared by Trident Limited (the � Company ��for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Company to be construed as legal, accounting or tax advice.

This presentation has been prepared by the Company based upon information available in the public domain. This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India. This presentation may include statements which may constitute forward-looking statements. The actual results could differ materially from those projected in any such forward-looking statements because of various factors. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.

This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/ or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words including, without limitation "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements.

The information contained in these materials has not been independently verified. None of the Company, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Company undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision.

This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India.

This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. Neither this document nor any part or copy of it may be distributed, directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation.

This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Co�pa�y’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended.

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2

Q2 FY21 Earnings Presentation - Trident Ltd.

Overview

Textiles Paper Largest Player in terms of Terry Towel Capacity & One of the largest Highest Operating Margin among players in Home Textile Space in India Key Listed Players in India

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Revenue Split between segments
H1 FY21 67% 17% 16%
FY20 54% 26% 20%
FY19 51% 30% 19%
FY18 48% 33% 19%
Bath & Bed Linen Yarn Paper
One of the Leading Business Groups with interest in Textiles and Paper
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Q2 FY21 Earnings Presentation - Trident Ltd.

Snapshot

Global Presence
Corporate Office :	Ludhiana, Punjab
Manufacturing Facilities at:	Sanghera & Dhaula, Punjab Budni, Madhya Pradesh
Marketing Offices (India):	Mumbai, Gurgaon
	Kolkata, Bengaluru
Marketing Offices (Intl.):	New York, United States
	Cheshire, United Kingdom

	Key Market Statistics	Key Market Statistics	Key Market Statistics		15-Oct-2020	15-Oct-2020
	BSE Ticker				521064
	NSE Ticker				Trident
	Bloomberg Code				TRID:IN
	Reuters				TRIE.NS
	Market Price (Rs)				7.65
	Market Cap (INR Crore / USD Mn)				3898/ 530
	Number of Outstanding Shares (Crore)				509.60*
	Face Value				Rs. 1 per share
	52-week High / Low		(Rs.)		8.55/3.05
	Shareholding Pattern – 30th Sep, 2020
	Category		Sep, 2020		Jun, 2020
	Promoters		71.84%		71.07%
	Public		28.16%		28.93%

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*Each equity share having face value of Rs 10 each has been split into 10 equity shares with face value of Rs 1 each. Accordingly previous year figures have been recomputed

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Q2 FY21 Earnings Presentation - Trident Ltd.

Evolution

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▪ Inception ▪ Entered Home Textile ▪ Augmented Towel ▪ Set-up Towel Unit ▪ Set-up Towel Unit-IV & First
▪ Set-up 1st Spinning with 1 [st] Towel with Unit –II set up – III; Bed Linen Unit
Unit Facility Manufacturing Unit ▪ Spinning with Unit- ▪ Added Spinning ▪ Added Spinning Units - VII,
▪ Set up Spinning Unit - II III set up Units– IV, V & VI VIII, IX & X
▪ Launched Textile Brands
1990 - 95 1996 - 00 2001 - 05 2006 - 10 2011 - 16
2001 - 05 2006 - 10 2011 - 16
▪ Acquired Paper
Manufacturing ▪ Set-up Paper Unit II
Facility along with ▪ Set-up Captive Power ▪ Launched Paper
Captive Power Facility Brands
4724
3816
1803 1888
706
294
47
FY 95 FY 00 FY 05 FY 10 FY 15 FY 20 H1 FY 21
Transformed from a Pure Play Yarn Player to an Integrated Textiles and Paper Manufacturer
TEXTILES
PAPER
Revenue(INR Cr)
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Q2 FY21 Earnings Presentation - Trident Ltd.

Key Highlights - P&L

Q2 FY21

TOTAL INCOME (INR CR) PBT (INR CR) 1175 -11% 132 -11%

1175 -11% 132 Q2 FY20: 1326 Q2 FY20 : 147

EBIDTA (INR CR) PAT (INR CR) 227 -12% 100 -27%

Q2 FY20 : 259 Q2 FY20 : 137

EBIT (INR CR) EPS (INR) 144 -17%

0.20 -0.07

Q2 FY20 : 174 Q2 FY20 : 0.27

• Home Textile segment led the improvement in current quarter with Bed Linen Segment registering revenue growth of 48% on Y-o-Y basis.

• Enhanced captive consumption of yarn within Home Textile segment impacted the topline. 64% of total yarn captive consumption in Q2 FY21 vis-àvis 52% in Q2 FY20

• Exports contributed 68% of the total revenue for the quarter

• Paper business sustained the volumes on Y-o-Y basis, however realizations have reduced due to Covid-19 impact

• Finance Cost in Q2 FY21 reduced to INR 12.3 Crores, reduction of 55% as compared to INR 27.1 Crores in Q2 FY20 (on account of prepayment of term loans)

• EBITDA Margin stood at 19.3% in Q2 FY21

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Q2 FY21 Earnings Presentation - Trident Ltd.

Key Highlights - B/S

as on Sep 30, 2020

NET DEBT (INR CR) LT DEBT (INR CR) 948 -666Cr 483 -568Cr FY20: 1614 FY20 : 1051

▪ Repayment of Long Term Debt by INR 583 Crores in H1 FY21 including prepayment of term loans amounting to INR 373 Crores

▪ Net Debt reduced significantly as on Sep 30, 2020 to INR 948 Crores as compared to Mar 31, 2020 level of INR 1614 Crores

NET DEBT/EQUITY NET DEBT/EBIDTA

0.3 1.4 FY20 : 0.5 FY20 : 1.9

REPAYMENT (INR CR) CASH PROFIT (INR CR) 583 276

H1 FY20: 178

H1 FY20 : 430

Net Debt (INR CR)

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2621
2344
1614
1245
948
Mar'18 Mar'19 Mar'20 Jun'20 Sep'20
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Q2 FY21 Earnings Presentation - Trident Ltd.

P&L Statement (S)

Particulars	Q2 FY21	Q1 FY21	Shift	Q2 FY20	Shift	H1 FY21
Total Income	1174.6	713.4	+64.7%	1325.6	-11.4%	1887.9
EBITDA	226.9	118.7	+91.2%	259.0	-12.4%	345.7
EBITDA %	19.3%	16.6%	+268bps	19.5%	-22bps	18.3%
Depreciation	83.1	82.4	0.8%	84.9	-2.1%	165.5
EBIT	143.8	36.3	+296.3%	174.1	-17.4%	180.1
Finance Cost	12.3	23.1	-46.7%	27.1	-54.6%	35.4
Profit Before Tax	131.5	13.2	+896.6%	147.0	-10.5%	144.7
Profit After Tax	100.2	10.1	+892.5%	137.1	-26.9%	110.3
EPS (INR)	0.20	0.02	--	0.27	--	0.22
Cash Profit	183.3	92.5	+98.2%	222.0	-17.4%	275.8

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Q2 FY21 Earnings Presentation - Trident Ltd.

Dividend Pa out y

Year	Total Div%	Div. Amt. (INR Per Share)	Type	%age
FY20	36%	0.36/-	3rd Interim	18%
			2nd Interim	9%
			1st Interim	9%
FY19	30%	0.30/-	Final	6%
			3rd Interim	12%
			2nd Interim	6%
			1st Interim	6%
FY18	15%	0.15/-	Final	3%
			2nd Interim	6%
			1st Interim	6%
FY17	15%	0.15/-	Final	3%
			2nd Interim	6%
			1st Interim	6%

*Dividend Distribution Policy is available at www.tridentindia.com

Dividend Payout Ratio

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65%
50%
35%
27%
FY17 FY18 FY19 FY20
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Historical Dividends (%age of Face Value)

								36%
						30%
		15%		15%
		FY17		FY18		FY19		FY20

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Q2 FY21 Earnings Presentation - Trident Ltd.

Management Comment

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

• �The has shown resilience and bounced back company high strongly

• with a good performance despite challenging circumstances

While overall economic environment continues to be uncertain due to Covid-19 pandemic, we remain cautiously optimistic about the future�

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Q2 FY21 Earnings Presentation - Trident Ltd.

Textile - Financials

Sales (INR Crores)

EBIT (INR Crores)

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1094
991
Q2 FY20 Q2 FY21
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114 115
Q2 FY20 Q2 FY21
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~~Capacity Utilization~~

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Towel �I� 000’ to�s�
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Towel �I� 000’ to�s� Bed Linen (In mn. meters) Yarn �I� 000’ to�s�
100 61% 65% 90% 98% 92% 49% 94% 105%
90 49% 48% 29% 50 63% 60% 38% 95% 120 95%
8070 55%45% 40 85%75% 100 85%75%
60 65% 80 65%
50 35% 30 55% 55%
60
40 45% 45%
30 25% 20 35% 40 35%
20 15% 10 25% 20 25%
10 15% 15%
0 5% 0 5% 0 5%
FY19 FY20 Q1 Q2 FY19 FY20 Q1 Q2 FY19 FY20 Q1 Q2
FY21 FY21 FY21 FY21 FY21 FY21
90 90 90 90 43.2 43.2 43.2 43.2 115 115 115 115
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Capacity Utilization

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Q2 FY21 Earnings Presentation - Trident Ltd.

Paper - Financials

Sales (INR Crores)

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228
181
Q2 FY20 Q2 FY21
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Capacity Utilization (Tonnage Basis)

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89% 86% 56% 80% 95%
180 85%
160
75%
140
65%
120
55%
100
80 45%
60 35%
40 25%
20 15%
0 5%
FY19 FY20 Q1 Q2
FY21 FY21
175 175 175 175
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EBIT (INR Crores)

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83
49
Q2 FY20 Q2 FY21
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- Copier v/s Non Copier

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45% Copier
Q2 FY21
55% Non-Copier
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Capacity Utilization

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Q2 FY21 Earnings Presentation - Trident Ltd.

Financial Performance

Revenue (INR Cr)

EBIDTA (INR Cr)

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EBIDTA EBIDTA %
24.0%
22.0%
19.5% 19.3%
20.0%
18.0%
16.0%
259 227 14.0%
0 12.0%
Q2 FY20 Q2 FY21
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1326
1175 400
350300 19.5%
250
200
150
100
50 259
0
Q2 FY20 Q2 FY21 Q2 FY20
PAT (INR Cr) Interest Coverage Ratio
PAT PAT Margin
250 15.0%
200 10.3% 13.0%
150 8.5% 11.0% 9.57
9.0%
100
7.0%
50 137 100 5.0%
0 3.0%
Q2 FY20 Q2 FY21 Q2 FY20
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18.45
9.57
Q2 FY20 Q2 FY21
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Q2 FY21 Earnings Presentation - Trident Ltd.

Financial Performance

Net Debt D/E Ratio

Net Debt (INR Cr.)

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3000 1.0 1.2
2500 0.8 1.0
2000 0.5 0.8
1500 0.3 0.6
1000 0.4
500 0.2
0 0.0
FY18 FY19 FY20 H1 FY21
2621 2344 1614 948
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Capital Employed ROCE

Capital Employed

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14.1%
10.6%
5000 12.5% 16.0%
10.4% 14.0%
4500
12.0%
4000 10.0%
8.0%
3500 6.0%
4.0%
3000
2.0%
2500 0.0%
FY18 FY19 FY20 H1 FY21
4800 4676 4234
3477
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Net Worth ROE

Net Worth (INR Cr)

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16.6%
3000 15.0% 18.0%
2500 13.3% 9.0% 16.0%
14.0%
2000 12.0%
10.0%
1500
8.0%
1000 6.0%
4.0%
500
2.0%
0 0.0%
FY18 FY19 FY20 H1 FY21
2003 2241 2276 2453
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Fixed Assets Assets Turnover

Fixed Assets

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1.8
410040003900 1.1 1.4 1.2 1.0 1.61.41.2
1.0
3800 0.8
3700 0.6
0.4
3600
0.2
3500 0.0
FY18 FY19 FY20 H1 FY21
Excludes fair valuation of land as per IND – AS and exceptional items
4078 3848 3826 3731
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Q2 FY21 Earnings Presentation - Trident Ltd.

Key Ratios

Particulars (INR crore)	H1 FY21	FY20	FY19
Return on Capital Employed*	10.4%	12.5%	14.1%
Return on Equity*	9.0%	15.0%	16.6%
Interest Coverage	9.8	7.8	9.1
Net Debt to Equity	0.3	0.5	0.8
Net Debt / EBITDA	1.4	1.9	2.3

*Excludes fair valuation of land as per IND – AS

Credit ▪ CRISIL AA-/ CARE AA- (LT Bank Facilities) ▪ CRISIL A1+/ CP Rating: Rating: ▪ IND A1+ CRISIL A1+/ CARE A1+ (ST Bank Facilities)

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Q2 FY21 Earnings Presentation - Trident Ltd.

Balance Sheet (S)

Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Source of Funds Equity 3143.8 2966.9 Equity Share Capital 509.6 509.6 Other Equity 2634.2 2457.3 Non-Current Liabilities 685.3 1058.2 Borrowings 317.3 689.1 Deferred Tax Liabilities 334.9 336.7 Other Non Current Liabilities 33.1 32.4 Current Liabilities 1199.4 1693.3 Financial Liabilities 1149.8 1626.9 Provisions 22.5 21.3 Other Current Liabilities 27.1 45.0 TOTAL 5028.6 5718.4 Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Application of Funds Non Current Assets 3856.9 3975.0 Property, Plant & Equipment 3450.3 3573.4 Capital Work-in-Progress 170.8 140.8 Intangible Assets 42.8 42.5 Right of Use Assets 66.6 69.3 Financial Assets 104.4 124.4 Other Non Current Assets 21.9 24.5 Current Assets 1171.7 1743.4 Inventories 583.7 912.0 Financial Assets - Trade Receivables 317.1 278.5 - Cash & Cash Equivalents 12.8 318.3 - Other Bank Balances 64.2 19.0 - Other Financial Assets 125.5 107.0 Other Current Assets 68.4 108.5 TOTAL 5028.6 5718.4	Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Source of Funds Equity 3143.8 2966.9 Equity Share Capital 509.6 509.6 Other Equity 2634.2 2457.3 Non-Current Liabilities 685.3 1058.2 Borrowings 317.3 689.1 Deferred Tax Liabilities 334.9 336.7 Other Non Current Liabilities 33.1 32.4 Current Liabilities 1199.4 1693.3 Financial Liabilities 1149.8 1626.9 Provisions 22.5 21.3 Other Current Liabilities 27.1 45.0 TOTAL 5028.6 5718.4 Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Application of Funds Non Current Assets 3856.9 3975.0 Property, Plant & Equipment 3450.3 3573.4 Capital Work-in-Progress 170.8 140.8 Intangible Assets 42.8 42.5 Right of Use Assets 66.6 69.3 Financial Assets 104.4 124.4 Other Non Current Assets 21.9 24.5 Current Assets 1171.7 1743.4 Inventories 583.7 912.0 Financial Assets - Trade Receivables 317.1 278.5 - Cash & Cash Equivalents 12.8 318.3 - Other Bank Balances 64.2 19.0 - Other Financial Assets 125.5 107.0 Other Current Assets 68.4 108.5 TOTAL 5028.6 5718.4	Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Source of Funds Equity 3143.8 2966.9 Equity Share Capital 509.6 509.6 Other Equity 2634.2 2457.3 Non-Current Liabilities 685.3 1058.2 Borrowings 317.3 689.1 Deferred Tax Liabilities 334.9 336.7 Other Non Current Liabilities 33.1 32.4 Current Liabilities 1199.4 1693.3 Financial Liabilities 1149.8 1626.9 Provisions 22.5 21.3 Other Current Liabilities 27.1 45.0 TOTAL 5028.6 5718.4 Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Application of Funds Non Current Assets 3856.9 3975.0 Property, Plant & Equipment 3450.3 3573.4 Capital Work-in-Progress 170.8 140.8 Intangible Assets 42.8 42.5 Right of Use Assets 66.6 69.3 Financial Assets 104.4 124.4 Other Non Current Assets 21.9 24.5 Current Assets 1171.7 1743.4 Inventories 583.7 912.0 Financial Assets - Trade Receivables 317.1 278.5 - Cash & Cash Equivalents 12.8 318.3 - Other Bank Balances 64.2 19.0 - Other Financial Assets 125.5 107.0 Other Current Assets 68.4 108.5 TOTAL 5028.6 5718.4	Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Source of Funds Equity 3143.8 2966.9 Equity Share Capital 509.6 509.6 Other Equity 2634.2 2457.3 Non-Current Liabilities 685.3 1058.2 Borrowings 317.3 689.1 Deferred Tax Liabilities 334.9 336.7 Other Non Current Liabilities 33.1 32.4 Current Liabilities 1199.4 1693.3 Financial Liabilities 1149.8 1626.9 Provisions 22.5 21.3 Other Current Liabilities 27.1 45.0 TOTAL 5028.6 5718.4 Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Application of Funds Non Current Assets 3856.9 3975.0 Property, Plant & Equipment 3450.3 3573.4 Capital Work-in-Progress 170.8 140.8 Intangible Assets 42.8 42.5 Right of Use Assets 66.6 69.3 Financial Assets 104.4 124.4 Other Non Current Assets 21.9 24.5 Current Assets 1171.7 1743.4 Inventories 583.7 912.0 Financial Assets - Trade Receivables 317.1 278.5 - Cash & Cash Equivalents 12.8 318.3 - Other Bank Balances 64.2 19.0 - Other Financial Assets 125.5 107.0 Other Current Assets 68.4 108.5 TOTAL 5028.6 5718.4	Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Source of Funds Equity 3143.8 2966.9 Equity Share Capital 509.6 509.6 Other Equity 2634.2 2457.3 Non-Current Liabilities 685.3 1058.2 Borrowings 317.3 689.1 Deferred Tax Liabilities 334.9 336.7 Other Non Current Liabilities 33.1 32.4 Current Liabilities 1199.4 1693.3 Financial Liabilities 1149.8 1626.9 Provisions 22.5 21.3 Other Current Liabilities 27.1 45.0 TOTAL 5028.6 5718.4 Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Application of Funds Non Current Assets 3856.9 3975.0 Property, Plant & Equipment 3450.3 3573.4 Capital Work-in-Progress 170.8 140.8 Intangible Assets 42.8 42.5 Right of Use Assets 66.6 69.3 Financial Assets 104.4 124.4 Other Non Current Assets 21.9 24.5 Current Assets 1171.7 1743.4 Inventories 583.7 912.0 Financial Assets - Trade Receivables 317.1 278.5 - Cash & Cash Equivalents 12.8 318.3 - Other Bank Balances 64.2 19.0 - Other Financial Assets 125.5 107.0 Other Current Assets 68.4 108.5 TOTAL 5028.6 5718.4	Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Source of Funds Equity 3143.8 2966.9 Equity Share Capital 509.6 509.6 Other Equity 2634.2 2457.3 Non-Current Liabilities 685.3 1058.2 Borrowings 317.3 689.1 Deferred Tax Liabilities 334.9 336.7 Other Non Current Liabilities 33.1 32.4 Current Liabilities 1199.4 1693.3 Financial Liabilities 1149.8 1626.9 Provisions 22.5 21.3 Other Current Liabilities 27.1 45.0 TOTAL 5028.6 5718.4 Particulars (INR crore) As on Sep 30, 2020 As on Mar 31, 2020 Application of Funds Non Current Assets 3856.9 3975.0 Property, Plant & Equipment 3450.3 3573.4 Capital Work-in-Progress 170.8 140.8 Intangible Assets 42.8 42.5 Right of Use Assets 66.6 69.3 Financial Assets 104.4 124.4 Other Non Current Assets 21.9 24.5 Current Assets 1171.7 1743.4 Inventories 583.7 912.0 Financial Assets - Trade Receivables 317.1 278.5 - Cash & Cash Equivalents 12.8 318.3 - Other Bank Balances 64.2 19.0 - Other Financial Assets 125.5 107.0 Other Current Assets 68.4 108.5 TOTAL 5028.6 5718.4
	Source of Funds		Application of	Funds
	Equity Equity Share Capital Other Equity Non-Current Liabilities Borrowings Deferred Tax Liabilities Other Non Current Liabilities Current Liabilities Financial Liabilities Provisions Other Current Liabilities	3143.8 509.6 2634.2 685.3 317.3 334.9 33.1 1199.4 1149.8 22.5 27.1	Non Current Assets Property, Plant & Equipment Capital Work-in-Progress Intangible Assets Right of Use Assets Financial Assets Other Non Current Assets Current Assets Inventories Financial Assets - Trade Receivables - Cash & Cash Equivalents - Other Bank Balances - Other Financial Assets Other Current Assets	3856.9 3450.3 170.8 42.8 66.6 104.4 21.9 1171.7 583.7 317.1 12.8 64.2 125.5 68.4	3975.0 3573.4 140.8 42.5 69.3 124.4 24.5 1743.4 912.0 278.5 318.3 19.0 107.0 108.5
	TOTAL	5028.6	TOTAL	5028.6	5718.4

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Q2 FY21 Earnings Presentation - Trident Ltd.

For more information about us, please visit www.tridentindia.com

Abhinav Gupta/ Ankit Mahajan Investor Relations, Trident Limited

Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: abhinavgupta@tridentindia.com; ankitmahajan@tridentindia.com

Thank You

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Q2 FY21 Earnings Presentation - Trident Ltd.