Trident Q3 FY14 yarn segment sales rise 13.4%

11 Feb '14

3 min read

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.

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