Home / Knowledge / News / Textiles / Trident posts record EBITDA & PAT in FY16
Trident posts record EBITDA & PAT in FY16
17
May '16
World's largest terry towel manufacturer, Trident posted its highest earnings before interest, taxes, depreciation and amortisation (EBITDA) and profit after tax (PAT) in fiscal 2016, ended March 31, owing to improvement in operational efficiencies and strategic initiatives, according to a company filing with the BSE.

The company's EBITDA rose 8 per cent in FY 2016 to Rs 750.9 crore as compared to Rs 695.1 crore last fiscal. PAT stood at Rs 228.4 crore, a growth of 93.9 per cent, as compared to Rs 117.8 crore in FY 2015.

“I am happy to share that we reported highest-ever EBITDA and PAT during the financial year,” Rajinder Gupta, chairman of Trident Group commented on the results. This  was  a  result  of  our  focus  on  expanding  margins  by  improving operational  efficiencies and other strategic initiatives.”

“During the year, our effort was on improving the penetration of our home textile products in international as well as domestic markets through emphasis on marketing,” he informed.

EBITDA rose 6 per cent in FY16 to Rs 537 crore as compared to Rs 505 crore in the previous fiscal at the home textile segment. Healthy margin in terry towel business was the chief cause.

“The roadmap for the coming year looks promising, as we are geared up to sweat our global scale capacities in the home textiles segment,” Gupta said.

“With major CAPEX behind us, strong financial performance in the coming years will enable us to generate significant free cash flows, which we believe will create tremendous value for all our stakeholders,” he added. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Mark Paterson
Technical Absorbents Ltd

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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