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Trident Limited, a vertically integrated textile (yarn, bath and bed linen) and paper (wheat straw-based) manufacturer, has reported a 42.4 per cent revenue growth to ₹16,726.7 million in the second quarter (Q2) of FY22 ended on September 30, 2021, over the corresponding period of previous fiscal. Profit after tax shot up 128.3 per cent to ₹2,288.0 million (Q2 FY21: ₹1,002.4 million).
Trident Ltd, a vertically integrated textile (yarn, bath, bed linen) and paper (wheat straw-based) manufacturer, reported a 42.4 per cent revenue growth to ₹16,726.7 million in second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of last fiscal. Profit after tax shot up 128.3 per cent to ₹2,288.0 million (Q2: 1,002.4 million).
“We have continued the positive momentum from the previous quarter and delivered the best performance in the second quarter,” Rajinder Gupta, chairman at Trident Group, said in a press release.
Trident Ltd, a vertically integrated textile (yarn, bath, bed linen) and paper (wheat straw-based) manufacturer, reported a 42.4 per cent revenue growth to ₹16,726.7 million in second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of last fiscal. Profit after tax shot up 128.3 per cent to ₹2,288.0 million (Q2: 1,002.4 million).
The Indian home textiles firm’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the three-month period grew 81.9 per cent to ₹4,129.2 million (₹2,269.5 million). EBIT (earnings before interest and taxes) accelerated 126.8 per cent to ₹3,262.0 million (₹1,438.5 million).
Trident Ltd, a vertically integrated textile (yarn, bath, bed linen) and paper (wheat straw-based) manufacturer, reported a 42.4 per cent revenue growth to ₹16,726.7 million in second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of last fiscal. Profit after tax shot up 128.3 per cent to ₹2,288.0 million (Q2: 1,002.4 million).
By segment, sales from textile business went up 42 per cent to ₹14,067 million (₹9,908 million), while paper segment also recorded 42 per cent jump to ₹2,560 million (₹1,809 million) during Q2.
Trident Ltd, a vertically integrated textile (yarn, bath, bed linen) and paper (wheat straw-based) manufacturer, reported a 42.4 per cent revenue growth to ₹16,726.7 million in second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of last fiscal. Profit after tax shot up 128.3 per cent to ₹2,288.0 million (Q2: 1,002.4 million).
Moreover, the company also mentioned that it started the commercial production of yarn in new spinning unit with a capacity of 61,440 spindles and 480 rotors on July 27, 2021.
Trident Ltd, a vertically integrated textile (yarn, bath, bed linen) and paper (wheat straw-based) manufacturer, reported a 42.4 per cent revenue growth to ₹16,726.7 million in second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of last fiscal. Profit after tax shot up 128.3 per cent to ₹2,288.0 million (Q2: 1,002.4 million).
“The company is committed to embark inclusive growth for all its stakeholders and continuing to excel in future,” Gupta concluded.
Fibre2Fashion News Desk (JL)
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