Punjab / Chandigarh, 30 July 2024:
Trident Limited, one of the largest vertically integrated Textile (Yarn, Bath & Bed Linen) Paper (Wheat Straw-based) and Chemical manufacturer announced its Earnings for first quarter ended, June (Q1FY25).
Financial Highlights for Q1 FY25:·
- 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.·
- 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%.·
- Standalone Net Profit | Profit After Tax (PAT) for the quarter ended Q1FY25 stood at INR73.6 Cr. as compared to INR 64.2 Cr. in Q4FY24; showing a growth of 14.64%sequentially.·
- EPS stood at INR 0.15 in Q1FY25 vs INR 0.13 in Q4FY24.
Commenting on the results, Mr. Deepak Nanda, Managing Director, Trident Ltd, 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% 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”.
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 FY25stood 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.
During the quarter, Trident Limited 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% this quarter. Trident Limited 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 Limited’s dedication to employment and skill development. Through this program, the company aims to nurture a talent pipeline and support local communities, economically weaker sections, particularly women job seekers.
