Trident Limited Announces Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 18, 2017 at 02:14 pm IST
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Trident Limited announced standalone unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported total income from operations of INR 11,387.42 million against INR 9,050.03 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,224.963 million against INR 935.70 million a year ago. Profit before tax was INR 1,021.80 million against INR 742.17 million a year ago. Net profit for the period was INR 785.75 million or INR 1.54 per basic and diluted share against INR 623.71 million or INR 1.26 per basic and diluted share a year ago. EBITDA was INR 2,333.0 million against INR 1,795 million a year ago.
For the nine months, the company reported total income from operations of INR 34,868.19 million against INR 27,585.70 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 3,913.54 million against INR 3,036.49 million a year ago. Profit before tax was INR 3,094.96 million against INR 2,065.44 million a year ago. Net profit for the period was INR 2,373.17 million or INR 4.72 per basic and diluted share against INR 1,749.95 million or INR 3.54 per basic and diluted share a year ago. EBITDA was INR 7,252 million against INR 5,567 million a year ago. Cash profits stood at INR 5,490 million against INR 4,180 million a year ago.
Trident Limited is an India-based company, which is engaged in manufacturing, trading, and selling Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals. The Company operates through two segments: Textiles and Paper and Chemical. The Textiles segment includes yarn, towel, bedsheets, and dyed yarn manufacturing (including utility service). The Paper and Chemical segment includes paper and sulfuric acid (including utility service). The company has manufacturing facilities in Barnala, Punjab and Budni, Madhya Pradesh. Its Paper product includes Branded Copier, Writing and printing maplitho paper, Bible and offset print paper, bond paper, stiffener paper, cartridge paper, index paper, watermark paper, drawing paper, digital printing paper, carry bag paper, trident royale (Wedding Card Paper), Sublimation Paper, Virgin Unbleached Kraft Paper and Cup Stock.