Trident reports total income of Rs 17.21 billion for Q2 FY25
Standalone Total Income for H1FY25 stood at Rs 34.70 billion as against Rs 32.53 billion of H1FY24, showing a growth of 6.7 per cent.
Trident, the vertically integrated Textile (yarn, bath, bed linen) paper (wheat straw -based) and chemical manufacturer announced its earnings for the quarter, and half yearly ended, 30th September (Q2FY25)
Total standalone income for Q2FY25 stood at Rs 17.21 billion, while Earnings Before Interest, Depreciation, Tax, and Amortization (EBIDTA) stood at Rs 2.36 billion resulting in Profit After Tax (PAT) to Rs 840 million as against Rs 730 million of sequential, June Quarter.
Standalone Total Income for H1FY25 stood at Rs 34.70 billion as against Rs 32.53 billion of H1FY24, showing a growth of 6.7 per cent.
Commenting on the results, Deepak Nanda, Managing Director, Trident, said, “We have significantly strengthened our balance sheet by reducing debt by Rs 4.40 billion and improving our working capital efficiency, resulting in improvement of Debt Equity Ratio at 0.37 from 0.50. Further, our financial health is reinforced through improvements of Current Ratio at 1.74 from 1.59 Q-o-Q basis. Half yearly revenue at Rs 34.70 billion saw a growth of 6.7 per cent; however, our top line, revenue and bottom-line, profit for the quarter witnessed a muted growth driven by a decline in yarn prices that impacted our integrated home textile business. Similarly, the paper business faced overall softening of market demand”.
