Trident Ltd Posts Total Income at INR 1749.6 Cr. in Q1FY25, showing a growth of 2.94 % in sequential quarter and 18.36 % in corresponding quarter

Punjab / Chandigarh, 27 July 2024:

Trident Limited, one of the largest vertically integrated Textile (Yarn, Bath & Bed Linen) Paper (Wheat Straw-based) and Chemical manufacturer announced its Earnings for first quarter ended, June (Q1FY25).

Financial Highlights for Q1 FY25:·      

·        Standalone Total Income for Q1FY25 stood at INR 1749.6 Cr., up by 18.36 % in the corresponding quarter and grew by 2.94 % in the sequential quarter.·      

·        Standalone Earnings Before Income, Depreciation, Tax, and Amortization (EBIDTA) for the quarter ended Q1FY25 stood at INR 238.5 Cr. compared to INR 228.4 Cr. in the sequential quarter, Q4FY24; showing a growth of 4.42%.·      

·        Standalone Net Profit | Profit After Tax (PAT) for the quarter ended Q1FY25 stood at INR 73.6 Cr. as compared to INR 64.2 Cr. in Q4FY24; showing a growth of 14.64%sequentially.·     

·        EPS stood at INR 0.15 in Q1FY25 vs INR 0.13 in Q4FY24.

Commenting on the results, Mr. Deepak Nanda, Managing Director, Trident Ltd, said, “Trident Group continues to deliver a decent performance in Q1FY25, with sequentially higher margins, in the face of relatively adverse global economic situations. Our two main business segments—Yarn, Home Textiles, also experiencing consistent growth. The Indian government’s 28% budget allocation increase for the textile sector this fiscal year is a significant boost, and we commend this strategic move that will drive further growth and innovation in our industry”.