Home / Knowledge / News / Textiles / Trident FY'14 yarn segment topline climbs 17.5%
Trident FY'14 yarn segment topline climbs 17.5%
17
May '14
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% 
-PBIT improved by 35% to Rs. 161.3 crore, while PBIT margin stood at 11.15% vis-à-vis 9.41% in FY13

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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