The company’s overall sales more than quadrupled to Rs1479.86cr in Q1FY22.
Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) producer, has released its financial results for the fiscal quarter ending June 30, 2021.
The company’s total revenue in Q1FY22 was Rs1479.86cr, up from Rs713.36cr in Q1FY21, a 107.4 percent year on year increase. EBIDTA for Q1FY22 was Rs382.45cr, representing a margin of 25.8 percent. After adjusting for RoSCTL, adjusted EBITDA for Q4 FY21 is Rs324.52cr, with an adjusted EBITDA margin of 22.8 percent.
Trident Ltd was trading at day’s high of Rs21.45 per piece up by Rs1 or 4.89% from its previous closing of Rs20.45 on the BSE. The company said in a filing that, Textile Segment Revenue stood at Rs1282.12cr in Q1FY22 compared to Rs585.7cr inQ1FY21. EBIT for the segment during the period stands at Rs59.28cr as compared to 33.68cr in Q1 FY21.
