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Home textiles and paper products company Trident Ltd reports Q4 results

India Blooms News Service | | 13 May 2016, 03:33 pm
Ludhiana, May 13 (IBNS) Trident Limited, flagship company of USD 1 billion TridentGroup and a leading manufacturer and exporter of Home Textiles & Paper products, announced its financial results for the fourth quarter (Q4) and full-year ended March 31, 2016.
For Q4, the company reported net revenue of Rs 968 crore against Rs 976.8 crore from the same quarter a year ago.
 
In Q4, the company's net profit was up 37.4 per cent to Rs 55.5 crore, compared to Rs 40.4 crore in the same quarter a year ago.
 
For full year, the company reported net revenue of Rs 3705.8 crore compared to Rs 3,779.2 crore in FY15.
 
Net profit for FY 2016 was up Rs 228.4 crore compared to Rs 117.8 crore reported in FY15.
 
In FY2016, the company said that it achieved its highest-ever EBITDA of Rs. 751 crore and EBITDA margin improved to 20.3 per cent.
 
The company said that it repaid a high-cost term loan amounting to Rs. 90.5 crore in FY2016.
 
Commenting on the performance, Rajinder Gupta, Chairman at Trident Group said, “I am happy to share that we reported highest-ever EBITDA and PAT during the financial
year. Our EBITDA and Profit After Tax increased by 8% and 94% to Rs. 751 crore and Rs. 228 crore respectively. This was a result of our focus on expanding margins by improving operational efficiencies and other strategic initiatives. During the year, our effort was on improving the penetration of our home textile products in international as well as domestic markets through emphasis on marketing."
 
He also said, "The roadmap for the coming year looks promising, as we are geared up to sweat our global scale capacities in the Home Textiles segment. All the initiatives and efforts undertaken by our marketing team would start delivering results in the current year as we expect notable pick-up in volumes and ramp up in utilization levels. With major CAPEX behind us, strong financial performance in the coming years will enable us to generate significant free cash flows, which we believe will create tremendous value for all our stakeholders.”

 

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