Trident tumbles despite strong Q4FY17 numbers

Trident declared its Q4FY17 results on Tuesday. The company’s revenue increased 31.02 per cent to Rs 1268 crore in Q4FY17 as compared to same period in previous financial year. The company’s EBITDA too rose 9.7 per cent to Rs 213 crore in Q4FY17 on yearly basis. Its net profit also boosted 79.63 per cent to Rs 99.66 crore in Q4FY17 as compared to same period in previous fiscal year.

On the yearly results front, Trident’s topline increased 29.45 per cent Rs 4,847 crore in FY17, as compared to previous financial year. The company’s PBT also rose 55.78 per cent to Rs 439 crore in FY17 on a yearly basis. Its bottomline increased 33.8 per cent to Rs 332 crore in FY17 as compared to previous financial year.

The share price of Trident tumbled by 7.76 per cent and closed at Rs 83.85 on an intra-day basis. Its share price touched 52-week high at Rs 92.3 in the first half of trading session on Tuesday.