Trident announces its financial results for quarter ended June 30, 2021; check highlights
Ludhiana, August 12, 2021: Trident Group Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter ended June 30, 2021.
Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said, “The quarterly performance has been remarkable despite uncertainties due to Covid-19 and we shall continue to drive with focused and futuristic initiatives to build an organisation more dynamic and distinctive than ever before, creating value for stakeholders”.
Financial & Business Highlights:
Total Revenue in Q1 FY22 stood at INR 14,798.6 million compared to INR 7133.6 million in Q1 FY21
EBIDTA for Q1 FY22 stood at INR 3824.5 million which translates into 25.8% margin. Adjusted EBITDA after taking into consideration RoSCTL pertaining to Q4 FY21, is INR 3245.2 million, and adjusted EBITDA margin is 22.8%
Profit after tax for the Q1 FY22 is INR 2035 million with PAT margin of 13.75%
Net Debt reduced in Q1 FY22 to reach level of INR 12319.8 million as compared to INR 14231.9 million as on 31st March 2021; Net Debt to Equity ratio stood at 0.35x
Textile Segment Revenue stood at INR 12821.2 million in Q1 FY22 compared to INR 5857 million in Q1 FY21. EBIT for the segment increased to INR 2659.8 million as compared to INR 131.3 crores in Q1 FY21
Paper Segment Revenue stood at INR 1950 million in Q1 FY22 as compared to INR 1223 million in Q1 FY21. EBIT for the segment during the period stands at INR 592.8 million as compared to INR 336.8 million in Q1 FY
About Trident Limited:
Trident Limited is the flagship Company of Trident Group, a USD 1 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 and is one of the largest players in Home Textile Space 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 two major business segments: Textiles and Paper with its manufacturing facilities located in Punjab and Madhya Pradesh.