Q1FY17 sales at home textiles producer Trident zooms 31.6%

09 Aug '16

1 min read

Net revenue in the three months ended June 30, 2016 at India's leading home textiles producer Trident Ltd zoomed 31.6 per cent year over year to Rs. 1,166.3 crore.

“High traction was achieved in the home textiles segment as a result of sustained focus and efforts on marketing, designing and product innovation,” the company said.

EBITDA too rose higher at 24.1 per cent to Rs. 247.1 crore in the first quarter of fiscal 2016-17 from Rs. 199.1 crore in the comparable quarter of prior fiscal.

The home textiles manufacturer was able to reduce finance costs by 6.4 per cent to Rs. 41.6 crore as against Rs. 44.5 crore in the previous fiscal's first quarter.

In the reporting quarter, healthy free cash flow generation lead to prepayment of high cost debt at Rs. 53.6 crore, while better working capital utilisation and interest equalisation scheme reduced interest costs.

Profit after tax for the quarter under review amounted to Rs. 78.5 crore, up 26.1 per cent vis-à-vis Rs. 62.2 crore in the fiscal ago quarter. (AR)

Fibre2fashion News Desk - India

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