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).
Q1 FY25 Financial Highlights:
With a growth of 2.94% in the next quarter and 18.36% in the comparable quarter, the standalone total income for Q1FY25 was INR 1749.6 Cr.
Standalone Earnings Before Income, Depreciation, Tax, and Amortization (EBIDTA) increased by 4.42% to INR 238.5 Cr at the end of Q1FY25 from INR 228.4 Cr in the previous quarter, Q4FY24.
Standalone Net Profit | Profit After Tax (PAT) increased by 14.64% sequentially to INR 73.6 Cr at the end of Q1FY25 from INR 64.2 Cr in Q4FY24.
In Q1FY25, EPS was INR 0.15, compared to 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., stated 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 more development and innovation in our sector.
Performance of Business:
-Yarn Standalone Business Revenue for the quarter increased by 6.5% to INR 961 Cr. in Q1FY25 from INR 902 Cr. in the previous quarter, Q4FY24.
-Home Textile | Bed and Bath Linen | Independent Business Revenue increased by 10.3% to INR 965 Cr at the end of Q1 FY25 from INR 875 Cr in the previous quarter, Q4 FY24.
-Paper and Chemicals Business Standalone Revenue was INR 248 Cr for the first quarter of FY25.
Trident Limited demonstrated its dedication to sustainability throughout the quarter by submitting its SBTi objectives for certification. 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 include labor standards, environmental preservation, 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 initiative.
