Trident FY'14 yarn segment topline climbs 17.5%

17 May '14

3 min read

Trident Limited, the 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 full-year ended March 31, 2014.

Further, the Board of Directors has recommended a dividend of Rs. 0.30 per equity share. Commenting on the performance, Mr. Arun Goyal, Chief Financial Officer at Trident Limited said, “I am pleased to share that Trident has demonstrated a benchmark performance in FY14. This is on the back of healthy growth across all products viz. Yarn, Terry Towel & Paper. Our thrust on high-margin value-added products put together with cost optimization and other strategic initiatives has led to sustained improvement in earnings.

The outlook remains robust given the improved consumption trend and our focus on Brand Awareness and gradual introduction of new products. Increased penetration in the domestic markets and addition of new capacities would further aid growth and profitability. I am also glad to share that the Board of Directors has recommended a dividend of Rs. 0.30 per equity share.”

Financial Highlights for the year ended March 31, 2014

-While revenue has registered a growth of 15.7% to Rs. 3884.0 crore from Rs. 3356.8 crore; EBITDA has improved by 28.7% to Rs. 743.9 crore from Rs. 577.8 crore, and PAT has quadrupled to Rs. 197.0 crore from Rs. 49.3 crore

-EBITDA margin has shown improvement to 19.2% vis-à-vis 17.2% in FY13

-EPS (Diluted) stands at Rs. 6.15 per share; a growth of approximately 4 times compared to Rs. 1.60 per share in FY13

Segmental Overview:

Yarn

-Topline grew by 17.5% to Rs. 1978.5 crore compared to Rs. 1683.7 crore in FY13

-While sales volume improved by 2.9%, realizations improved by 14.2%

-Improvement in realizations driven by the enhanced focus on value-added products which contributed 42% to total Yarn revenues

-PBIT stood at Rs. 233.1 crore, up 74.0%; while PBIT margin improved to 11.8% compared to 8.0% in FY13

-Improvement in margin driven by various cost optimization initiatives undertaken along with increased focus on value added products

Terry Towel

-Topline grew by 14.0% to Rs. 1446.9 crore compared to Rs. 1269.4 crore

-While sales volume declined by 6.6%, realizations improved by 22.1%