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New Delhi [India] June 1 (ANI/SRV): Trident Limited, a vertically integrated Textile (Yarn, Bath and Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter and year ended March 31, 2022.
Key Highlights: - Highest ever annual revenue achieved in FY22 amounting to INR 69,415 million - Highest ever EBITDA of INR 15,100 million, with EBITDA Margin of 21.8 per cent in FY22 - Profit before tax increased by 145 per cent in FY22 - Net debt reduced by 9 per cent Y-o-Y in FY22 - Consistent performance in Q4FY22 as revenue grow by 37 per cent Y-o-Y, EBITDA by 40 per cent Y-o-Y and PBT by 143 per cent Y-o-Y in Q4FY22 Financial and Business Highlights: - Net Revenue in FY22 increased by 53 per cent y-o-y to INR 69,415 million as compared to INR 45,353 million in FY21 - EBIDTA for FY22 stood at INR 15,100 million, increased by 83 per cent y-o-y which translates into 21.8 per cent EBITDA margin - Profit after tax for FY22 increased by 136 per cent y-o-y to INR 8,150 million with PAT margin of 11.7 per cent - 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 0.34 x in FY22. - Textile Segment Revenue stood at INR 59,395 million in FY22 compared to INR 38,161 million in FY21. EBIT for the segment increased to INR 10,944 million in FY22 as compared to INR 3,925 million in FY21 with 179 per cent growth. - Paper and Chemicals Segment Revenue stood at INR 9,804 million in FY22 as compared to INR 7,041 million in FY21. EBIT for the segment for FY22 increased to INR 2,380 million in FY22 as compared to INR 1,823 million in FY21 with 31 per cent growth. Recent Expansion: Trident Limited has announced capex worth 13,770 million 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." To know more visit: https://www.tridentindia.com/ This story is provided by SRV. ANI will not be responsible in any way for the content of this article. (ANI/SRV)
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