Trident surges as Q2 net profit jumps 93% YoY

Trident surged 10.32% to Rs 24.49 after the company reported a 93.09% year-on-year increase in consolidated profit after tax to Rs 175.58 crore in Q2 FY27 from Rs 90.93 crore.

Sequentially, net profit rose 11.06% from Rs 158.09 crore in Q1 FY27.

The company reported a 3.79% year-on-year decline in consolidated revenue from operations to Rs 1,719.48 crore in Q2 FY27 from Rs 1,787.17 crore. Sequentially, revenue declined 3.77% from Rs 1,786.83 crore in Q1 FY27.

Profit before tax stood at Rs 232.49 crore in Q2 FY27, up 7.51% vs previous quarter and 87.55% vs year-ago quarter.

Total expenditure declined 10.79% year on year to Rs 1,477.20 crore from Rs 1,655.82 crore. Raw material consumed increased 2.69% to Rs 935.80 crore, while employee expenses declined 2.24% to Rs 220.10 crore. Interest costs rose 30.85% to Rs 32.53 crore, while depreciation declined 13.71% to Rs 71.52 crore.

Among business segments, the company's yarn revenue increased 10.32% year on year to Rs 1,018.96 crore, while towel revenue declined 21.11% to Rs 570.75 crore. Bedsheet revenue rose 19.19% to Rs 311.36 crore, and paper and chemicals revenue increased 16.61% to Rs 287.90 crore.

Consolidated net cash generated from operating activities increased to Rs 798.47 crore in H1 FY27 from Rs 645.29 crore in the corresponding period last year.

Trident manufactures, trades, and sells yarn, terry towels & bed sheets, and paper & chemicals.

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