Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based manufacturer announced its financial results for the quarter and year ended March 31, 2022.
Financial & Business Highlights: Net Revenue in FY22 increased by 53 percent y-o-y to Rs. 69,415 mn as compared to Rs. 45,353 mn in FY2. EBIDTA for FY22 stood at Rs. 15,100 mn, increased by 83 percent y-o-y which translates into 21.8 percent EBITDA margin. Profit after tax for FY22 increased by 136 percent y-o-y to Rs. 8,150 mn with PAT margin of 11.7 percent. Net Debt to EBITDA has decreased significantly to 0.86x showcasing company’s dedication to improve its obligations. Net Debt to Equity has also decreased to 0.34x in FY22. Textile Segment Revenue stood at Rs. 59,395 mn in FY22 compared to Rs. 38,161 mn in FY21. EBIT for the segment increased to Rs. 10,944 mn in FY22 as compared to Rs. 3,925 mn in FY21 with 179 percent growth. Paper & Chemicals Segment Revenue stood at Rs. 9,804 mn in FY22 as compared to Rs. 7,041 mn in FY21. EBIT for the segment for FY22 increased to Rs. 2,380 mn in FY22 as compared to Rs. 1,823 mn in FY21 with 31 percent growth.
Recent Expansion: Trident Limited has announced capex worth 13,770 mn for which the projects are under different implementation stage.
Commenting on the performance, Rajinder Gupta, Chairman at Trident Group said: “Despite the high commodities prices, inflationary issues, and supply chain constraints, we delivered resilient performance for our stakeholders during the year. We remain optimistic about the future growth of the industry and hope to maintain likewise momentum going forward.”
