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Trident Q4 net revenue down six per cent

For Q4 Trident’s net revenue declined by 6.1 per cent year on year. However, it grew by 8.3 per cent quarter on quarter. Standalone revenue was down 6.07 per cent year on year but up 8.35 per cent quarter on quarter. Ebitda was up 3.1 per cent year on year and 8.4 per cent quarter on quarter. Ebitda margin expanded by 162 bps year on year owing to higher decline in the cost of goods sold compared to revenue. Ebitda margin remained flat on a quarter on quarter basis.

The PAT decline is on account of higher tax expenses, which grew by 26.5 per cent year on year and 16 per cent quarter on quarter. Employee benefits expenses declined by 15.5 per cent year on year owing to rationalization of manpower cost including structuring of salary and manpower. Textile and paper and chemical segment’s revenue declined 7.9 per cent and 2.9 per cent year on year.

Trident has received the Sustainable Textile Production (STeP) certification for its home textile plants in Punjab and Madhya Pradesh.

 

 
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