Trident Limited’s Q1FY25 Standalone Income Climbs 18.36% YoY to ₹1,749.6 Crore

On July 26, 2024, Trident Limited announced its Earnings for the first quarter ended June 30, 2024. 

Financial Performance 

The company’s standalone total income for Q1FY25 reached ₹1,749.6 crore, marking an 18.36% increase compared to the same quarter last year and a 2.94% rise from the previous quarter.

The standalone Earnings Before Income, Depreciation, Tax, and Amortization (EBIDTA) for Q1FY25 was ₹238.5 crore, up 4.42% from ₹228.4 crore in Q4FY24. Trident Ltd’s standalone Profit After Tax (PAT) for Q1FY25 was ₹73.6 crore, reflecting a 14.64% growth from ₹64.2 crore in Q4FY24.

Business Performance

The company stated that the yarn business revenue for Q1FY25 stood at ₹961 crore, up 6.5% from ₹902 crore in Q4FY24.

The bath and bed linen business revenue for the quarter was ₹965 crore, compared to ₹875 crore in Q4FY24, showing a 10.3% growth. And the paper and chemicals business revenue for Q1FY25 was ₹248 crore.

Sustainability and Initiatives

Trident Limited has submitted its SBTi targets for validation, reinforcing its commitment to sustainability. The company has enhanced its renewable energy use, installing 12.53 MWp of rooftop solar in Q1FY25, bringing its total solar capacity to 40.9 MWp. Biomass usage in its fuel mix reached 44% this quarter.

As a participant in the United Nations Global Compact (UNGC), Trident Limited upholds its ten principles covering human rights, labour standards, environmental protection, and anti-corruption.

The Takshashila Initiative, which aims to recruit and train 2,000 entry-level employees from rural and semi-urban India, highlights the company’s dedication to employment and skill development, particularly for economically weaker sections and women.

Speaking of the financial performance for the quarter, the Managing Director of Trident Ltd, Mr Deepak Nanda, 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 and Home Textiles, are 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.”

On July 26, 2024, the share price of Trident Ltd opened at ₹37.50, touching the day’s high at ₹38.14, as of 12:12 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.