Trident Ltd Reports 6.7% Growth and 15% PAT Rise in Q2 FY25 Earnings, Expands Global Reach

On November 7, 2024, Trident Limited, one of India’s largest integrated manufacturers in textiles, paper, and chemicals, announced its financial results for Q2 FY25 and the first half of FY25, ending September 30.

Financial Highlights

For Q2 FY25 results, Trident reported a standalone income of ₹1,721 crore, with EBITDA at ₹236 crore. Profit After Tax (PAT) reached ₹84 crore, an increase from ₹73 crore in the previous quarter. 

In H1 FY25, total standalone income grew by 6.7%, reaching ₹3,470 crore, compared to ₹3,253 crore in H1 FY24. Revenue for Q2 FY25 from major segments was ₹902 crore from Yarn, ₹980 crore from Home Textiles, and ₹233 crore from Paper & Chemicals. Bath Linen saw a marginal improvement in profit margins.

Business Development and Global Expansion

Trident expanded its global reach by establishing Trident Group Enterprises Pte. Ltd., a fully-owned subsidiary in Singapore. The company participated in New York’s prestigious Home Fashion Market Week, highlighting its diverse product offerings. Exports now contribute 57% of Trident’s total revenue. The company also launched “Takshashila,” a training program aiming to empower 2,000 entry-level employees from rural and semi-urban areas.

Commitment to Sustainability and Social Responsibility

Trident published its first ESG Report for FY 23-24, aligning with the Global Reporting Initiative (GRI) standards, with Intertek providing limited assurance. It also completed S&P’s Corporate Sustainability Assessment in September and submitted its Carbon Disclosure Assessment in October, underscoring its dedication to sustainability and corporate responsibility.

About Trident Ltd

Based in Ludhiana, Punjab, Trident Ltd. operates in 3 segments: Textiles (Yarn, Bath & Bed Linen), Paper (wheat-straw based), and Chemicals. With manufacturing plants in Punjab and Madhya Pradesh, the company supplies products to both Indian and international markets and is renowned for its commitment to product quality, social responsibility, and environmental care.

On November 08, 2024, Trident share price opened at ₹34.10 and touched the day low of ₹33.69 at 09:53 AM.

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.