Textiles company Trident announced Q2FY23 results: Q2FY23 & H1FY23: Total income for Q2FY23 is Rs 14,239 million and H1FY23 is Rs 30,956 million EBITDA for Q2FY23 at Rs 1,477 million with a margin of 10.4% and H1FY23 stood at Rs 4,065 million with a margin of 13.1%. Profit after tax for Q2FY23 was reported at Rs 397 million and for H1FY23 at Rs 1,635 million Net debt stood at Rs 7,511 million in H1FY23 vs Rs 12,972 million (Mar 2022), a reduction of Rs 5,461 million Net debt to equity has also decreased to 0.20x in H1FY23 Textile segment revenue stood at Rs 24,211 million in H1FY23 compared to Rs 26,889 million in H1FY22. EBIT for the segment stood at Rs 1,051 million in H1FY23 Paper & chemicals segment revenue stood at Rs 6,654 million in H1FY23 as compared to Rs 4,510 million in H1FY22 with 47.5% growth. EBIT for the segment increased to Rs 1,953 million in H1FY23 as compared to Rs 1,205 million in H1FY22 with 62.1% growth. Result PDF
Textiles firm Trident announced Q1FY23 Result : Total Income increased by 13% YoY amounting to INR 16,717 million. Net Debt reduced by 28% amounting to 9,332 million as on 30th June 2022. Interim dividend of 36% declared for FY23. Net Revenue in Q1FY23 increased by 13%YoY to INR 16,717million as compared to INR 14,799 million in Q1FY22 EBIDTA for Q1FY23 stood at INR 2,588 million which translates into 15.5 % EBITDA margin Profit after tax for Q1FY23 reported at INR 1,238 million with PAT margin of 7.4 % Net Debt to EBITDA has increased slightly to 0.90x showcasing company’s dedication to improve its obligations. Net Debt to Equity has also decreased to 0.24x in FY22. Textile Segment Revenue stood at INR 13,436 million in Q1FY23 compared to INR 12,821 million in Q1FY22. EBIT for the segment stood at INR 1,248 million in Q1FY23 resulting into EBIT margin of 9.3%. Paper & Chemicals Segment Revenue stood at INR 3,235 million in Q1FY23 as compared to INR 1,950 million in Q1FY22 with 65.9% growth. EBIT for the segment increased to INR 876 million in Q1FY23 as compared to INR 593 million in Q1FY22 with 47.8% growth. Result PDF