Robust Manufacturing Capacity; Focusing on Increasing Asset Utilization: Stable revenue growth; however margins affected slightly - In Q4FY17, Trident recorded revenue of Rs. 12,683 Mn which is up by 13.0% QoQ. In FY17, the company reported a revenue growth of 27.4% YoY which is highest in thepast five consecutive years. During FY17, EBITDA improved by 23.5% however margins were affected by 59bps due to increase in raw material cost and Rupeeappreciation (which became a cause of concern for Indian exporters and remains a key headwind in margin growth). In Q4FY17, the company has witnessed an uptick in PAT of Rs. 997 Mn which grew by 26.8% on QoQ basis and on YoY basis it is 63.6%.