Home / Knowledge / News / Textiles / Trident Q3 FY14 yarn segment sales rise 13.4%
Trident Q3 FY14 yarn segment sales rise 13.4%
11
Feb '14
Trident Limited, flagship Company of USD 1 billion Trident Group and leading manufacturer and exporter of Textiles & Paper products, announced its financial results for the quarter and nine months ended December 31, 2013.
 
Financial Highlights for the quarter ended December31, 2013
-Yarn segment revenues improved to Rs. 489.5 crore as compared to Rs. 431.8 crore in the corresponding quarter; up 13.4%; PBIT improved to Rs. 50.1 crore compared to Rs. 42.7 crore in Q3 FY13
-Terry Towel segment revenues at Rs. 412 crore compared to Rs. 307.3 crore in Q3 FY13; PBIT improved by more than 90% to Rs. 42.8 crore vis-à-vis Rs. 22.4 crore in Q3 FY13
-The revenues of Paper & Chemicals Division were higher by 21% at Rs. 215.4 crore as compared to Rs. 177.9 crore in Q3 FY13; PBIT grew by 35% to Rs. 33.8 crore from Rs. 25.1 crore in Q3 FY13
 
Segmental Overview
Yarn
-Topline grew by 13.4% to Rs. 489.5 crore compared to Rs. 431.8 crore in the  corresponding quarter of last year
-While sales volume declined by 1.6%, realizations improved by 15.2%
-Improvement in realizations driven by the enhanced focus on value-added products
-PBIT margin improved to 10.2%
 
Terry Towel
-Topline growth of 34.1% driven by increase in both, sales volumes as well as realizations
-Realizations improved by 25.5% backed by greater focus on value-added products
-Sales volume improved by 6.8%
-PBIT increased from Rs. 22.4 crore in Q3 FY13 to Rs. 42.8 crore, up 91.1%
-PBIT margin increased from 7.3% to 10.4%,  driven by cost optimization measures undertaken as well as greater share of value-added products
 
Paper 
-Topline growth of 21.1% driven by increase in both, sales volumes as well as realizations
-Sales volume grew by 2.4% while realizations improved by 18.2%
-Improved realizations resulting from enhanced product mix towards the copier segment
-Encouraging results from the branding initiatives and success of Trident Royal Touch Copier Paper
 
Updates on the Merger of Trident Corporation Limited with Trident Limited
The Board of Directors of Trident Limited [TL] and Trident Corporation Limited [TCL], in their respective meetings held on October 09, 2013, had approved the proposal to merge TCL into TL. 
 
 


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search