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Trident Ltd Q3 net profit down 27 percent to Rs 80 crore

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January 27, 2025

Textiles major Trident Ltd reported a 27 percent decline in net profit to Rs 80 crore ($9.3 million) for the third quarter ended December 2024, as against Rs 109 crore in the year-ago quarter.

Trident Ltd Q3 net profit down 27 percent to Rs 80 crore – Trident Ltd – Facebook

The company’s revenue for the quarter was down by 9 percent to Rs 1,667 crore, as against Rs 1,835 crore in the corresponding quarter of the previous fiscal year.

Trident’s revenue from segments like yarn, and home textile for the quarter were muted at Rs 841 crore and Rs 938 crore respectively.

Commenting on the results, Deepak Nanda, managing director of Trident in a statement said, “This quarter’s achievements showcase our unwavering commitment to environmental stewardship and fiscal responsibility. By reducing our consolidated debt by Rs 191 crore, we’ve strengthened our financial foundation, while our investments in renewable energy, including the installation of 16.4MWp rooftop solar, demonstrate our dedication to a greener future.”

“Further, our new renewable project with planned investment, solidifies Trident’s position at the forefront of sustainable business practices, driving long-term value creation for our stakeholders,” he added.

Trident is a vertically integrated textile manufacturer with a strong presence in the towels and bedsheets segment in India.

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