Trident Q1FY26 PAT Rises 89.5% YoY to ₹1,399.6 Million; Board Approves ₹500 Crore NCD Fundraise

Ludhiana, July 24, 2025 — Trident Limited (NSE: TRIDENT, BSE: 521064) reported a sharp 89.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 30, 2025 (Q1FY26), at ₹1,399.6 million, up from ₹738.9 million in Q1FY25. The board also approved a fundraising plan of up to ₹500 crore through non-convertible debentures (NCDs) in one or more tranches.

Key Consolidated Financial Highlights (₹ in million)

• Revenue from operations stood at ₹17,068.9 million, marking a slight 2.1% year-on-year (YoY) decline and an 8.5% drop sequentially (QoQ).
• Total income was reported at ₹17,269.0 million, down 1.7% YoY and 8.3% QoQ, in line with the revenue trend.
• EBITDA (estimated) came in at ₹3,118.7 million, reflecting a 29.8% YoY growth and an 18.1% improvement QoQ.
• Profit before tax (PBT) rose to ₹1,877.4 million, a solid 84.1% increase YoY and 9.4% QoQ growth.
• Net profit (PAT) surged to ₹1,399.6 million, up 89.5% YoY and 4.9% QoQ, showing healthy bottom-line performance.
• Earnings per share (EPS) stood at ₹0.27, up from ₹0.15 in Q1 FY25 and ₹0.25 in Q4 FY25, translating to an 80% YoY and 8% QoQ increase.

*Estimated EBITDA = PBT + Finance Cost + Depreciation – Other Income

Segment-Wise Performance (Q1FY26)

• The Yarn segment generated the highest revenue at ₹9,020.3 million, contributing an EBIT of ₹700.7 million.
• The Towel segment recorded ₹6,389.3 million in revenue, with an EBIT of ₹476.4 million.
• The Bedsheets division reported ₹3,093.9 million in revenue and an EBIT of ₹447.7 million.
• The Paper & Chemicals segment delivered ₹2,598.3 million in revenue and led all segments in profitability with ₹733.4 million in EBIT.

Trident’s towel and bedsheet segments showed strong operating leverage with double-digit EBIT margins. The paper and chemicals segment remained the highest contributor to profitability among all verticals.

Corporate Actions and Key Updates

• Interim Dividend: The board declared and paid an interim dividend of ₹0.50 per equity share (50%) during the quarter.
• Fundraising Approval: The company will raise ₹500 crore via NCDs through public or private placement, subject to shareholder approval.
• Disinvestment: Trident divested its entire stake in Trident Home Textiles Limited (THTL) to Lotus Home Textiles Ltd for ₹10.69 million on June 17, 2025.
• Tax Search: As noted in the auditors’ report, the Income Tax Department had previously conducted a search at various premises. There were no material updates for Q1, and management does not foresee any financial adjustments.

Management Commentary

“The strong YoY growth in profitability reflects our operating discipline and diversified business strength. We continue to strengthen our balance sheet and optimize capital through strategic disinvestments,” said Deepak Nanda, Managing Director, Trident Limited.

Strategic Outlook

Trident’s continued margin expansion across home textile segments and consistent performance in the paper and chemicals business underscores its resilience amid demand headwinds. The company also monetized treasury shares worth ₹307.2 million during the first quarter, thereby enhancing shareholder value.

Trident Stock Performance

Trident shares have gained 1.58% on July 24, 2025, closing at ₹31.49. Trident shares have dipped 15% in the last year, 7% in the year-to-date, and up 5% in the previous month. The stock opened at ₹31.19 and moved within a narrow range, touching a high of ₹31.90 and a low of ₹31.01 during the session. Trident’s market capitalisation stands at ₹15,890 crore. Over the past 52 weeks, the stock has moved between a low of ₹23.11 and a high of ₹41.45.

About Trident

Trident Limited is a vertically integrated textile and paper manufacturer listed on NSE and BSE. The company operates across yarns, bath and bed linen, and paper & chemicals. Trident has a strong export base and retail presence through its brands like Trident Home Textiles.

REF:https://nsearchives.nseindia.com/corporate/TRIDENT_24072025163311_Combined_Financials_Final.pdf

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