New Delhi, India, 26th July 2024: One of the biggest vertically integrated manufacturers of chemicals, paper (made from wheat straw), textiles (yarn, bath & bed linen), and paper products, Trident Limited, released its earnings for the first quarter that ended in June (Q1FY25).
Financial Highlights for Q1 FY25:
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Standalone Total Income for Q1FY25 stood at INR 1749.6 Cr., up by 18.36% in the corresponding quarter and grew by 2.94 % in the sequential quarter.
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Standalone Earnings Before Income, Depreciation, Tax, and Amortization (EBIDTA) for the quarter ended Q1FY25 stood at INR 238.5 Cr. compared to INR 228.4 Cr. in the sequential quarter, Q4FY24; showing a growth of 4.42%.
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Standalone Net Profit | Profit After Tax (PAT) for the quarter ended Q1FY25 stood at INR 73.6 Cr. as compared to INR 64.2 Cr. in Q4FY24; showing a growth of 14.64% sequentially.
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EPS stood at INR 0.15 in Q1FY25 vs INR 0.13 in Q4FY24.
“Trident Group continues to deliver a decent performance in Q1FY25, with sequentially higher margins, in spite of relatively adverse global economic situations,” Mr. Deepak Nanda, Managing Director, Trident Ltd., said in response to the results. Both of our primary business segments—Home Textiles and Yarn—are steadily expanding. The Indian government’s 28% budget allocation increase for the textile industry this fiscal year is a welcome step in the right direction that will spur additional development and innovation in our sector.
Business Performance:
-Yarn Business Standalone Revenue for the quarter stood at INR 961 Cr. in Q1FY25 as compared to sequential quarter, Q4FY24 at INR 902 Cr., showing a growth of 6.5 %.
-Home Textile | Bath and Bed Linen Business Standalone Revenue for the quarter ended Q1 FY25 stood at INR 965 Cr. as compared to INR 875 Cr. in the sequential quarter, Q4 FY24; grew by 10.3%.
-Paper and Chemicals Business Standalone Revenue for Q1FY25 quarter, stood at INR 248 Cr.
Trident Limited demonstrated its dedication to sustainability throughout the quarter by submitting its SBTi targets for validation. With the installation of 12.53 MWp of rooftop solar during Q1 FY25, the company’s share of clean and renewable energy has climbed dramatically to 40.9 MWp. Furthermore, this quarter’s fuel mix included 44% biomass. As a proud member of the United Nations Global Compact (UNGC), Trident Limited upholds the ten principles of the UNGC, which address labor standards, environmental protection, anti-corruption, and human rights.
The Takshashila program, which aims to hire and educate 2,000 entry-level workers from India’s rural and semi-urban areas, is evidence of Trident Limited’s commitment to job creation and skill enhancement. The organization hopes to benefit local communities and the economically disadvantaged segment, especially women seeking employment, by nurturing a talent pipeline through this program.
About us:
Trident Limited is the flagship company of Trident Group, an Indian business conglomerate and global player. Headquartered in Ludhiana, Punjab, Trident Limited is a vertically integrated textile (Yarn, Bath & Bed Linen) Paper (Wheat Straw-based) and Chemical manufacturer.
Trident’s yarn, bath & bedlinen and paper businesses have earned global recognition and are delighting millions of customers across India and the world. Trident is one of the largest players in home textiles in India.
Supplying national, captive, and retailer-owned brands; the organization is highly decorated with awards from its customers, vendors, and various government entities in recognition of advancing the highest standards in product quality, social responsibility, and environmental stewardship.
