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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 6.93 % in the past year, decrease in net sales/revenue by -8.34 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 156.92 %. Marginal increase in other income during this quarter, up by 32.1%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Trident Ltd. Profit dropped by -54.84 % Year to Year, Trident Ltd’s profitability dropped by -46.02 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -57.69 % Year to Year. EPS decreased by -50 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1573.25 Cr | Rs. 1835.34 Cr | Rs. 1682.26 Cr | -8.34 % | + 6.93 % |
| Expenses | Rs. 1304.73 Cr | Rs. 1572.14 Cr | Rs. 1476.79 Cr | -6.06 % | + 13.19 % |
| Operating Profit | Rs. 268.52 Cr | Rs. 263.2 Cr | Rs. 205.47 Cr | -21.93 % | -23.48 % |
| OPM % | 17.07 % | 14.34 % | 12.21 % | -2.13 % | -4.86 % |
| Other Income | Rs. 7.08 Cr | Rs. 13.77 Cr | Rs. 18.19 Cr | + 32.1 % | + 156.92 % |
| Interest | Rs. 22.38 Cr | Rs. 40.24 Cr | Rs. 49.08 Cr | + 21.97 % | + 119.3 % |
| Depreciation | Rs. 80.34 Cr | Rs. 90.4 Cr | Rs. 96.43 Cr | + 6.67 % | + 20.03 % |
| Profit before tax | Rs. 172.88 Cr | Rs. 146.33 Cr | Rs. 78.15 Cr | -46.59 % | -54.8 % |
| Tax % | 24.42 % | 25.3 % | 24.49 % | -0.81 % | + 0.07 % |
| Net Profit | Rs. 130.66 Cr | Rs. 109.31 Cr | Rs. 59.01 Cr | -46.02 % | -54.84 % |
| EPS in Rs | Rs. 0.26 | Rs. 0.22 | Rs. 0.11 | -50 % | -57.69 % |
Today, we’re looking at Trident Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.93 %. However, it did see a marginal slip of -8.34 % from the previous quarter. Expenses decreased slightly by -6.06 % quarter-on-quarter, aligning with the annual rise of 13.19 %. Operating profit, while down -23.48 % compared to last year, faced a quarter-on-quarter dip of -21.93 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.86 %, but a shrinkage of -2.13 % sequentially. Other income rose by 32.1 % compared to the last quarter, despite an annual growth of 156.92 %. Interest expenses surged remarkably by 21.97 % from the previous quarter, yet the year-over-year increase remains at a moderate 119.3 %. Depreciation costs climbed by 6.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.03 %. Profit before tax declined annually by -54.8 % but saw a reduction from the preceding quarter by -46.59 %.
Tax expenses as a percentage of profits increased slightly by 0.07 % compared to last year, with a more notable quarter-on-quarter decrease of -0.81 %. Net profit fell by -54.84 % year-on-year but witnessed a -46.02 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -57.69 % but a quarterly fall of -50 %. In summary, Trident Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1573.25 Cr | Rs. 1835.34 Cr | Rs. 1682.26 Cr | -8.34 % | + 6.93 % |
| Expenses | Rs. 1304.73 Cr | Rs. 1572.14 Cr | Rs. 1476.79 Cr | -6.06 % | + 13.19 % |
| Operating Profit | Rs. 268.52 Cr | Rs. 263.2 Cr | Rs. 205.47 Cr | -21.93 % | -23.48 % |
| Net Profit | Rs. 130.66 Cr | Rs. 109.31 Cr | Rs. 59.01 Cr | -46.02 % | -54.84 % |
| EPS in Rs | Rs. 0.26 | Rs. 0.22 | Rs. 0.11 | -50 % | -57.69 % |
In reviewing Trident Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.93 % year-on-year growth, although there was a slight dip of -8.34 % from the previous quarter. Expenses rose by 13.19 % compared to the previous year, with a decrease of -6.06 % quarter-on-quarter. Operating Profit dropped by -23.48 % annually, and saw a -21.93 % decrease from the last quarter.
Net Profit showed yearly decrease of -54.84 %, and experienced a -46.02 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -57.69 % annually, however dipped by -50 % compared to the last quarter. In essence, while Trident Ltd faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
