TRIDENT LIMITED
Registered Office : Trident Group, Sanghera -148 101
Corporate Office : E-212, Kitchlu Nagar, Ludhiana - 141 001
Corporate Identification Number - L99999PB1990PLC010307
Phone +91-161-5039999 | Fax : +91-161-5039900 | Webiste : www.tridentindia.com | E-Mail ID : investor@tridentindia.com
STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2023
S.No. Particulars
Revenue from operations
-
Revenue from operations (Refer Note 5,and 6)
2 Other income
3 Total Income (1+2)
- Expenses
- Cost of raw materials consumed
- Purchase of stock-in-trade
- Changes in inventories of finished goods, waste, work-in- progress and stock in trade
- Employee benefits expenses
- Finance costs
- Depreciation and amortisation expense
- Forex (gain)/loss (Including MTM)
- Other expenses
Total expenses
-
Profit before tax (3-4)
6 Tax expenses -Current tax -Deferred tax (credit)
-Current tax adjustments related to earlier years -Deferred tax adjustments related to earlier years
7 Net profit after tax (5-6)
8 Other comprehensive Income/(loss) - Items that will not be reclassified to profit or loss
- Remeasurement gain of the defined benefit plan
- Income tax related to items that will not be reclassified to profit or loss
- Items that will be reclassified to profit or loss
- Net movement in effective portion of cash flow hedge reserve
- Income tax related to items that may be reclassified to profit or loss
Other comprehensive Income/(loss), net of tax
- Total comprehensive income (7+8)
- Paid-upequity share capital (Face value of INR 1/- each)
- Other equity as per balance sheet
- Earnings per share (EPS) face value (of INR 1/- each) (not annualised) (Refer note 8)
- Basic (INR)
- Diluted (INR)
See accompanying notes to the financial results.
(INR In Million) | ||||
March | December | March | March | March |
31, 2023 | 31, 2022 | 31, 2022 | 31, 2023 | 31, 2022 |
3 Months | 3 Months | 3 Months | 12 Months | 12 Months |
(Refer note 14 | Unaudited | (Refer note 14 | Audited | Audited |
below) | below) | |||
15,628.3 | 16,184.0 | 18,471.4 | 62,674.7 | 69,191.8 |
81.4 | 63.3 | 59.3 | 238.0 | 223.4 |
15,709.7 | 16,247.3 | 18,530.7 | 62,912.7 | 69,415.2 |
7,892.3 | 8,821.6 | 10,075.3 | 33,851.5 | 33,689.4 |
16.1 | 8.4 | - | 271.9 | 118.3 |
(35.0) | (505.8) | (51.4) | (494.6) | (769.6) |
1,530.1 | 1,657.5 | 1,487.8 | 6,244.2 | 6,648.4 |
216.7 | 180.1 | 184.7 | 773.6 | 857.2 |
789.7 | 777.2 | 809.6 | 3,101.5 | 3,326.1 |
6.9 | (70.6) | (112.5) | 10.7 | (225.3) |
3,736.4 | 3,546.3 | 3,796.5 | 13,611.0 | 14,853.9 |
14,153.2 | 14,414.7 | 16,190.0 | 57,369.8 | 58,498.4 |
1,556.5 | 1,832.6 | 2,340.7 | 5,542.9 | 10,916.8 |
417.8 | 456.4 | 621.5 | 1,360.3 | 2,926.6 |
(25.3) | (10.4) | (17.1) | (2.6) | (160.1) |
- | (4.5) | (2.4) | (4.5) | (2.4) |
- | (29.3) | 3.2 | (29.3) | 3.2 |
1,164.0 | 1,420.4 | 1,735.5 | 4,219.0 | 8,149.5 |
87.2 | - | 72.8 | 87.2 | 72.8 |
(21.9) | - | (18.3) | (21.9) | (18.3) |
252.7 | 122.6 | (149.8) | (13.9) | (119.9) |
(63.6) | (30.9) | 37.7 | 3.5 | 30.2 |
254.4 | 91.7 | (57.6) | 54.9 | (35.2) |
1,418.4 | 1,512.1 | 1,677.9 | 4,273.9 | 8,114.3 |
5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 |
36,161.7 | 32,876.2 | |||
0.23 | 0.28 | 0.35 | 0.84 | 1.63 |
0.23 | 0.28 | 0.35 | 0.84 | 1.63 |
TRIDENT LIMITED
STANDALONE SEGMENT WISE REVENUE, RESULTS, SEGMENT ASSETS AND SEGMENT LIABILITIES**
(INR In Million) | ||||||
Quarter Ended | Year Ended | |||||
March | December | March | March | March | ||
S.No. | Particulars | 31, 2023 | 31, 2022 | 31, 2022 | 31, 2023 | 31, 2022 |
3 Months | 3 Months | 3 Months | 12 Months | 12 Months | ||
(Refer note 14 | Unaudited | (Refer note 14 | Audited | Audited | ||
below) | below) | |||||
1 | Segment Revenue | |||||
a) Yarn (Refer Note 5 and 6) | 7,284.1 | 7,073.4 | 10,970.7 | 31,820.2 | 41,065.1 | |
b) Towel (Refer Note 5 and 6) | 5,651.7 | 7,650.0 | 5,711.3 | 24,553.2 | 28,111.0 | |
c) Bedsheets (Refer Note 5 and 6) | 3,036.2 | 2,432.2 | 3,154.3 | 9,711.9 | 11,967.1 | |
d) Paper and chemicals | 3,392.1 | 3,392.2 | 2,774.4 | 13,438.4 | 9,803.7 | |
Total | 19,364.1 | 20,547.8 | 22,610.7 | 79,523.7 | 90,946.9 | |
Less: Inter segment revenue | 3,735.8 | 4,363.8 | 4,139.3 | 16,849.0 | 21,755.1 | |
Revenue from operations | 15,628.3 | 16,184.0 | 18,471.4 | 62,674.7 | 69,191.8 |
- Segment results
Profit/(Loss) before tax, finance costs, other unallocable
expenditure net off unallocable income | ||||||
a) Yarn | 7.3 | 329.3 | 2,371.7 | 2,136.9 | 10,551.6 | |
b) Towel | 349.3 | 614.2 | (15.3) | 547.3 | 322.6 | |
c) Bedsheets | 585.4 | 294.5 | 80.2 | 547.0 | 69.5 | |
d) Paper and chemicals | 1,145.8 | 1,005.7 | 594.4 | 4,104.6 | 2,380.1 | |
Total | 2,087.8 | 2,243.7 | 3,031.0 | 7,335.8 | 13,323.8 | |
Less: | ||||||
a) Finance costs | 216.7 | 180.1 | 184.7 | 773.6 | 857.2 | |
b) Other un-allocable expenditure net off un-allocable income | 314.6 | 231.0 | 505.6 | 1,019.3 | 1,549.8 | |
Profit before tax | 1,556.5 | 1,832.6 | 2,340.7 | 5,542.9 | 10,916.8 | |
3 | Segment Assets | |||||
a) Yarn | 25,701.1 | 22,976.5 | 26,740.9 | 25,701.1 | 26,740.9 | |
b) Towel | 16,966.7 | 17,099.9 | 18,641.7 | 16,966.7 | 18,641.7 | |
c) Bedsheets | 6,986.1 | 7,003.7 | 6,189.6 | 6,986.1 | 6,189.6 | |
d) Paper and chemicals | 8,476.2 | 7,271.6 | 6,395.0 | 8,476.2 | 6,395.0 | |
e) Unallocated | 9,002.0 | 7,653.0 | 6,340.2 | 9,002.0 | 6,340.2 | |
Total Assets | 67,132.1 | 62,004.7 | 64,307.4 | 67,132.1 | 64,307.4 | |
4 | Segment Liabilities * | |||||
a) Yarn | 3,853.7 | 1,959.1 | 2,109.7 | 3,853.7 | 2,109.7 | |
b) Towel | 2,128.8 | 2,243.0 | 2,225.3 | 2,128.8 | 2,225.3 | |
c) Bedsheets | 1,004.4 | 1,117.3 | 916.4 | 1,004.4 | 916.4 | |
d) Paper and chemicals | 1,287.9 | 1,147.8 | 1,336.3 | 1,287.9 | 1,336.3 | |
e) Unallocated | 3,846.4 | 3,784.0 | 4,031.3 | 3,846.4 | 4,031.3 | |
Total Liabilities | 12,121.2 | 10,251.2 | 10,619.0 | 12,121.2 | 10,619.0 | |
* Excluding borrowings and interest accrued but not due on borrowings | 64,307.4 | |||||
** Refer Note 12 |
TRIDENT LIMITED
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2023
S.No. Particulars
Revenue from operations
-
Revenue from operations (Refer Note 5,and 6)
2 Other income
3 Total Income (1+2)
- Expenses
- Cost of raw materials consumed
- Purchase of stock-in-trade
- Changes in inventories of finished goods, waste, work-in- progress and stock in trade
- Employee benefits expenses
- Finance costs
- Depreciation and amortisation expense
- Forex (gain)/loss (Including MTM)
- Other expenses
Total expenses
-
Profit before tax and share of profit of associate (3-4)
6 Share of Profit of associate
7 Profit before tax (5+6)
8 Tax expenses -Current tax -Deferred tax (credit)
-Current tax adjustments related to earlier years -Deferred tax adjustments related to earlier years
9 Net profit after tax (7-8)
- Other Comprehensive Income/(loss)
- Items that will not be reclassified to profit or loss
- Remeasurement gain of the defined benefit plan
- Income tax related to items that will not be reclassified to profit or loss
- Items that will be reclassified to profit or loss
- Net movement in effective portion of cash flow hedge reserve
- Exchange differences in translating the financial statements of a foreign operation
-
Income tax related to items that may be reclassified to profit or loss
Other Comprehensive Income/(loss), net of tax
- Total comprehensive income (9+10)
- Profit Attributable to: Equity holders of the parent Non-controliing Interest Total
- Other comprehensive Income Attributable to: Equity holders of the parent Non-controling Interest
Total- Total comprehensive Income Attributable to: Equity holders of the parent Non-controliing Interest
Total- Paid-upequity share capital (Face value of INR 1/- each)
- Other equity as per balance sheet
- Earnings per share (EPS) face value (of INR 1/- each) (not annualised) (Refer note 8)
- Basic (INR)
- Diluted (INR)
See accompanying notes to the financial results.
(INR In Million) | ||||
March | December | March | March | March |
31, 2023 | 31, 2022 | 31, 2022 | 31, 2023 | 31, 2022 |
3 Months | 3 Months | 3 Months | 12 Months | 12 Months |
(Refer note 14 | Unaudited | (Refer note 14 | Audited | Audited |
below) | below) | |||
15,732.5 | 16,414.4 | 18,698.5 | 63,322.6 | 69,976.6 |
70.8 | 72.6 | 59.4 | 243.6 | 225.7 |
15,803.3 | 16,487.0 | 18,757.9 | 63,566.2 | 70,202.3 |
7,892.3 | 8,821.6 | 10,075.3 | 33,851.5 | 33,681.2 |
10.7 | 102.6 | 78.6 | 485.9 | 618.7 |
(61.8) | (501.6) | (40.3) | (582.2) | (862.6) |
1,663.2 | 1,717.3 | 1,500.7 | 6,503.8 | 6,695.4 |
223.8 | 186.2 | 189.5 | 796.2 | 862.3 |
803.4 | 783.9 | 810.0 | 3,127.7 | 3,328.0 |
(24.6) | (70.7) | (112.5) | (20.9) | (224.9) |
3,567.5 | 3,600.5 | 3,820.0 | 13,617.4 | 14,945.6 |
14,074.5 | 14,639.8 | 16,321.3 | 57,779.4 | 59,043.7 |
1,728.8 | 1,847.2 | 2,436.6 | 5,786.8 | 11,158.6 |
- | 9.8 | 6.0 | 3.8 | 6.0 |
1,728.8 | 1,857.0 | 2,442.6 | 5,790.6 | 11,164.6 |
427.3 | 463.0 | 646.0 | 1,397.9 | 2,986.9 |
(1.9) | (14.3) | (16.4) | 13.6 | (160.3) |
(3.2) | (4.5) | (2.7) | (7.7) | (2.7) |
- | (29.3) | 3.2 | (29.3) | 3.2 |
1,306.6 | 1,442.1 | 1,812.5 | 4,416.1 | 8,337.5 |
87.2 | - | 72.8 | 87.2 | 72.8 |
(21.9) | - | (18.3) | (21.9) | (18.3) |
252.7 | 122.6 | (149.8) | (13.9) | (119.9) |
1.3 | 0.4 | (0.1) | 1.4 | (0.2) |
(63.9) | (30.9) | 37.7 | 3.2 | 30.2 |
255.4 | 92.1 | (57.7) | 56.0 | (35.4) |
1,562.0 | 1,534.2 | 1,754.8 | 4,472.1 | 8,302.1 |
1,297.4 | 1,442.6 | 1,812.5 | 4,407.4 | 8,337.5 |
9.2 | (0.5) | - | 8.7 | - |
1,306.6 | 1,442.1 | 1,812.5 | 4,416.1 | 8,337.5 |
255.1 | 92.1 | (57.7) | 55.7 | (35.4) |
0.3 | - | - | 0.3 | - |
255.4 | 92.1 | (57.7) | 56.0 | (35.4) |
1,552.6 | 1,534.7 | 1,754.8 | 4,463.2 | 8,302.1 |
9.4 | (0.5) | - | 8.9 | - |
1,562.0 | 1,534.2 | 1,754.8 | 4,472.1 | 8,302.1 |
5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 |
36,830.3 | 33,350.8 | |||
0.26 | 0.29 | 0.37 | 0.88 | 1.67 |
0.26 | 0.29 | 0.37 | 0.88 | 1.67 |
TRIDENT LIMITED
CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, SEGMENT ASSETS AND SEGMENT LIABILITIES**
(INR In Million) | ||||||
Quarter Ended | Year Ended | |||||
March | December | March | March | March | ||
S.No. | Particulars | 31, 2023 | 31, 2022 | 31, 2022 | 31, 2023 | 31, 2022 |
3 Months | 3 Months | 3 Months | 12 Months | 12 Months | ||
(Refer note 14 | Unaudited | (Refer note 14 | Audited | Audited | ||
below) | below) | |||||
1 | Segment Revenue | |||||
a) Yarn (Refer Note 5 and 6) | 7,284.1 | 7,073.4 | 10,970.7 | 31,820.2 | 41,065.1 | |
b) Towel (Refer Note 5 and 6) | 5,685.0 | 7,690.2 | 5,847.9 | 24,794.4 | 28,480.6 | |
c) Bedsheets (Refer Note 5 and 6) | 3,107.1 | 2,622.4 | 3,244.8 | 10,118.6 | 12,382.3 | |
d) Paper and chemicals | 3,392.1 | 3,392.2 | 2,774.4 | 13,438.4 | 9,803.7 | |
Total | 19,468.3 | 20,778.2 | 22,837.8 | 80,171.6 | 91,731.7 | |
Less: Inter segment revenue | 3,735.8 | 4,363.8 | 4,139.3 | 16,849.0 | 21,755.1 | |
Revenue from operations | 15,732.5 | 16,414.4 | 18,698.5 | 63,322.6 | 69,976.6 |
- Segment results
Profit before tax, finance costs, other unallocable expenditure net off unallocable income and share of profit of associate from
each segment | ||||||
a) Yarn | 7.3 | 329.3 | 2,371.7 | 2,136.9 | 10,551.6 | |
b) Towel | 497.6 | 614.3 | 54.5 | 745.2 | 484.1 | |
c) Bedsheets | 626.8 | 305.8 | 110.9 | 609.8 | 152.5 | |
d) Paper and chemicals | 1,145.8 | 1,005.7 | 594.4 | 4,104.6 | 2,380.1 | |
Total | 2,277.5 | 2,255.1 | 3,131.5 | 7,596.5 | 13,568.3 | |
Less: | ||||||
a) Finance costs | 223.8 | 186.2 | 189.5 | 796.2 | 862.3 | |
b) Other un-allocable expenditure net off un-allocable income | 324.9 | 221.7 | 505.4 | 1,013.5 | 1,547.4 | |
Profit before share of profit of associate and tax | 1,728.8 | 1,847.2 | 2,436.6 | 5,786.8 | 11,158.6 | |
3 | Segment Assets | |||||
a) Yarn | 25,701.1 | 22,976.5 | 26,740.9 | 25,701.1 | 26,740.9 | |
b) Towel | 17,763.7 | 17,748.3 | 18,854.8 | 17,763.7 | 18,854.8 | |
c) Bedsheets | 7,284.9 | 7,404.7 | 6,409.6 | 7,284.9 | 6,409.6 | |
d) Paper and chemicals | 8,476.2 | 7,271.6 | 6,395.0 | 8,476.2 | 6,395.0 | |
e) Unallocated | 9,061.5 | 7,707.5 | 6,491.0 | 9,061.5 | 6,491.0 | |
Total Assets | 68,287.4 | 63,108.6 | 64,891.3 | 68,287.4 | 64,891.3 | |
4 | Segment Liabilities * | |||||
a) Yarn | 3,853.7 | 1,959.1 | 2,109.7 | 3,853.7 | 2,109.7 | |
b) Towel | 2,151.6 | 2,349.5 | 2,291.6 | 2,151.6 | 2,291.6 | |
c) Bedsheets | 1,041.8 | 1,185.6 | 945.8 | 1,041.8 | 945.8 | |
d) Paper and chemicals | 1,287.9 | 1,147.8 | 1,336.3 | 1,287.9 | 1,336.3 | |
e) Unallocated | 4,254.5 | 4,172.0 | 4,044.9 | 4,254.5 | 4,044.9 | |
Total Liabilities | 12,589.5 | 10,814.0 | 10,728.3 | 12,589.5 | 10,728.3 | |
* Excluding borrowings and interest accrued but not due on borrowings | 64,891.3 | |||||
** Refer Note 12 |
TRIDENT LIMITED
STATEMENT OF ASSETS AND LIABILITIES
(INR In Million) | |||||
As at | As at | As at | As at | ||
S.No. | Particulars | March | March | March | March |
31, 2023 | 31, 2022 | 31, 2023 | 31, 2022 | ||
12 Months | 12 Months | 12 Months | 12 Months | ||
Audited | Audited | Audited | Audited | ||
I | ASSETS | ||||
Non-current assets | |||||
a) Property, plant & equipment | 39,637.9 | 36,201.6 | 39,669.3 | 36,204.6 | |
b) Capital work in progress | 3,622.4 | 824.1 | 3,622.4 | 824.1 | |
c) Intangible assets | 315.6 | 353.9 | 316.1 | 354.4 | |
d) Right of use assets | 586.6 | 564.6 | 957.7 | 567.6 | |
e) Intangible assets under development | 59.6 | 9.9 | 59.6 | 9.9 | |
f) Investment in associate | - | - | - | 7.1 | |
g) Financial Assets | |||||
i) Investments | 32.1 | 37.1 | 4.9 | 11.0 | |
ii) Other financial assets | 2,397.1 | 451.2 | 2,405.8 | 453.1 | |
h) Non current tax assets (net) | 141.0 | 141.0 | 141.0 | 141.0 | |
i) Deferred tax assets (net) | - | - | 2.0 | - | |
j) Other non current assets | 655.0 | 828.6 | 655.0 | 829.5 | |
Total non-current assets | 47,447.3 | 39,412.0 | 47,833.8 | 39,402.3 | |
Current assets | |||||
a) Inventories | 10,343.1 | 12,903.9 | 10,818.0 | 13,143.8 | |
b) Financial Assets | |||||
i) Trade receivables | 2,720.2 | 5,285.3 | 2,765.4 | 5,252.6 | |
ii) Cash and cash equivalents | 1,133.9 | 2,519.8 | 1,267.3 | 2,710.5 | |
iii) Other bank balances (other than ii above) | 2,382.5 | 214.1 | 2,382.6 | 214.1 | |
iv) Other financial assets | 1,534.2 | 1,106.0 | 1,555.4 | 1,134.9 | |
c) Current tax assets (net) | - | - | 1.7 | - | |
d) Other current assets | 1,570.9 | 2,866.3 | 1,663.2 | 3,033.1 | |
Total current assets | 19,684.8 | 24,895.4 | 20,453.6 | 25,489.0 | |
Total assets | 67,132.1 | 64,307.4 | 68,287.4 | 64,891.3 | |
II | EQUITY AND LIABILITIES | ||||
Equity | |||||
a) Equity share capital | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | |
b) Other equity | 36,161.7 | 32,876.2 | 36,830.3 | 33,350.8 | |
Equity attributable to equity holders of the parent | 41,257.7 | 37,972.2 | 41,926.3 | 38,446.8 | |
c) Non controlling Interest | - | - | 15.2 | - | |
Total equity | 41,257.7 | 37,972.2 | 41,941.5 | 38,446.8 | |
Liabilities | |||||
Non-current liabilities | |||||
a) Financial Liabilities | |||||
i) Borrowings | 8,042.5 | 3,096.6 | 8,042.5 | 3,096.6 | |
ii) Lease liabilities | 261.5 | 238.0 | 603.2 | 240.1 | |
iii) Other financial liabilities | 32.8 | 40.3 | 32.8 | 40.3 | |
b) Deferred tax liabilities (Net) | 3,003.3 | 3,038.7 | 3,017.6 | 3,034.4 | |
Total non-current labilities | 11,340.1 | 6,413.6 | 11,696.1 | 6,411.4 | |
Current liabilities | |||||
a) Financial Liabilities | |||||
i) Borrowings | 5,698.6 | 12,609.6 | 5,698.6 | 12,609.6 | |
ii) Lease liabilities | 35.0 | 19.6 | 77.6 | 20.7 | |
iii) Trade payables | |||||
a) Total outstanding dues of micro enterprise and small enterprises; and | 1,553.1 | 694.9 | 1,555.0 | 694.9 | |
b) Total outstanding dues of creditors other than micro enterprise and | 3,931.0 | 3,851.0 | 3,846.5 | 3,910.8 | |
small enterprises | |||||
iv) Other financial liabilities | 2,362.9 | 1,506.8 | 2,378.6 | 1,508.7 | |
b) Provisions | 104.5 | 196.6 | 116.9 | 196.8 | |
c) Other current liabilities | 783.5 | 783.5 | 902.2 | 817.9 | |
d) Current tax liabilities (net) | 65.7 | 259.6 | 74.4 | 273.7 | |
Total current liabilities | 14,534.3 | 19,921.6 | 14,649.8 | 20,033.1 | |
Total liabilities | 25,874.4 | 26,335.2 | 26,345.9 | 26,444.5 | |
Total equity and liabilities | 67,132.1 | 64,307.4 | 68,287.4 | 64,891.3 |