Trident stocks tumbles at 4.9 percent in Q3
DSIJ Intelligence / 18 Jan 2017
Trident, a manufacturer of terry towel, yarn and wheat straw-based paper, posted Q3FY17 results on January 18, 2017. Despite a positive opening, the stock tumbled at 4.9 per cent.
Trident, a manufacturer of terry towel, yarn and wheat straw-based paper, posted Q3FY17 results on January 18, 2017. Despite a positive opening, the stock tumbled at 4.9 per cent.
The company’s total income from operations for the quarter came at Rs 1138.75 crore, registering a degrowth of 3.6 per cent Quarter of Quarter (QoQ) while reporting a growth of 25.8 per cent Year on Year (YoY). The company witnessed a degrowth of 4.9 per cent QoQ in revenues from the textile segment.
The company also posted earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter at Rs 226.01 crore as against EBITDA of Rs 234.9 crore QoQ and EBITDA of Rs 174.8 crore YoY.
Meanwhile, the company’s net profit for the quarter came at Rs 78.58 crore as against the net profit of Rs 80.07 crore QoQ and net profit of Rs 62.37 crore YoY. The company’s other income dropped 21.4 per cent QoQ at Rs 27.62 crore.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.