The standalone net profit, or Profit After Tax (PAT), for Q1 FY25 was Rs 730.6 million, compared to Rs 640.2 million in Q4 FY24, representing a sequential growth of 14.64 per cent. Earnings Per Share (EPS) for Q1 FY25 was Rs 0.15, an increase from Rs 0.13 in Q4 FY24.
Trident, the vertically integrated Textile (Yarn, Bath & Bed Linen) Paper (Wheat Straw-based) and Chemical manufacturer announced its Earnings for first quarter ended, June (Q1FY25).
In the financial highlights for Q1 FY25, the standalone total income reached Rs 17.49 billion, marking an 18.36 per cent increase compared to the same quarter last year and a 2.94 per cent rise from the previous quarter. Standalone Earnings Before Income, Depreciation, Tax, and Amortization (EBIDTA) for the quarter stood at Rs 2.38 billion, up from Rs 2.28 billion in Q4 FY24, reflecting a 4.42 per cent growth. The standalone net profit, or Profit After Tax (PAT), for Q1 FY25 was Rs 730.6 million, compared to Rs 640.2 million in Q4 FY24, representing a sequential growth of 14.64 per cent. Earnings Per Share (EPS) for Q1 FY25 was Rs 0.15, an increase from Rs 0.13 in Q4 FY24.
Commenting on the results, Deepak Nanda, Managing Director, Trident, said, “Trident Group continues to deliver a decent performance in Q1FY25, with sequentially higher margins, in the face of relatively adverse global economic situations. Our two main business segments—Yarn, Home Textiles, also experiencing consistent growth. The Indian government’s 28 per cent budget allocation increase for the textile sector this fiscal year is a significant boost, and we commend this strategic move that will drive further growth and innovation in our industry.â€
For Q1 FY25, the standalone revenue for the Yarn business was Rs 9.61 billion, up from Rs 9.02 billion in the previous quarter (Q4 FY24), reflecting a growth of 6.5 per cent. The Home Textile division, which includes bath and bed linen, reported standalone revenue of Rs 9.65 billion for the quarter, compared to Rs 8.75 billion in Q4 FY24, showing a significant increase of 10.3 per cent. Meanwhile, the paper and chemicals business achieved standalone revenue of Rs 2.48 billion for Q1 FY25.
During the quarter, Trident submitted its SBTi targets for validation, underscoring its commitment to sustainability. The company has significantly increased its renewable and clean energy share, with the installation of 12.53 MWp rooftop solar during Q1 FY25, bringing its total solar capacity to 40.9 MWp. Additionally, biomass usage in the fuel mix reached 44 per cent this quarter. Trident is a proud participant in the United Nations Global Compact (UNGC), adhering to its ten principles covering human rights, labour standards, environmental protection, and anti-corruption.
The Takshashila initiative, designed to recruit and train 2,000 entry-level employees from rural and semi-urban India, is a testament to Trident’s dedication to employment and skill development. Through this program, the company aims to nurture talent pipeline and support local communities, economically weaker section, particularly woman job seekers.