Trident posts impressive profits
DSIJ Intelligence / 16 May 2016
On a CAGR basis, EBITDA and net profits for the period of 3 years have grown by 4 per cent and 39 per cent respectively.On a YoY basis, net profits after minority interest stand at Rs 227.98 crores ; whereas for the previous fiscal it stood at Rs 117.81 crores.
Trident Ltd., formerly known as Abhishek Industries Ltd., on May 13 declared its Q4FY16 results. Trident for the March quarter has reported a net profit of Rs 55.48 crores. Net profits have seen a surge of 37 per cent as compared to Q4FY15. EBITDA for the period stands at Rs 194.22 crores. Total income from operations stands at Rs 968 cores for the quarter as against Rs 978 crores for the corresponding period of the previous fiscal.
On a YoY basis, net profits after minority interest stand at Rs 227.98 crores ; whereas for the previous fiscal it stood at Rs 117.81 crores. Net profit has increased by 93 per cent. EBITDA stands at Rs 741.41 crores and has increased by 7 per cent from the previous year. Consolidated total income for the period stands at Rs 3706.49 crores.
On a CAGR basis, EBITDA and net profits for the period of 3 years have grown by 4 per cent and 39 per cent respectively.
Trident Limited (Trident), flagship company of USD 1 billion Trident Group is a leading manufacturer and exporter of Home Textiles & Paper products.
Trident Ltd., is an Indian company engaged in the business of manufacturing agro based paper, yarn, terry towels and sulphuric acid. The company also has a captive power plant. The company operates in two business segments: textile and paper. The company is currently in an expansion phase but yet has managed to post double digit profits.
The shares on the bourses on Monday, have opened positive and are trading at Rs 51.80, up by 0.49 per cent.
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