Trident declines on reporting 66% fall in Q3 consolidated net profit

30 Jan 2020

Trident is currently trading at Rs. 6.56, down by 0.42 points or 6.02% from its previous closing of Rs. 6.98 on the BSE.

The scrip opened at Rs. 6.60 and has touched a high and low of Rs. 6.60 and Rs. 6.25 respectively. So far 1131081 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.45 on 16-Dec-2019 and a 52 week low of Rs. 5.22 on 22-Jul-2019.

Last one week high and low of the scrip stood at Rs. 7.27 and Rs. 6.90 respectively. The current market cap of the company is Rs. 3307.28 crore.

The promoters holding in the company stood at 71.06%, while Institutions and Non-Institutions held 3.17% and 25.77% respectively.

Trident has reported a fall of 62.39% in its net profit at Rs 41.90 crore for third quarter ended December 31, 2019 as compared to Rs 111.42 crore for the same quarter in the previous year. Total income of the company decreased by 12.73% at Rs 1140.08 crore for Q3FY20 as compared Rs 1306.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 66.18% in its net profit at Rs 37.33 crore for the quarter under review as compared to Rs 110.39 crore for the same quarter in the previous year. Total income of the company decreased by 13.12% at Rs 1144.10 crore for Q3FY20 as compared Rs 1316.83 crore for the corresponding quarter previous year.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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