Trident Shares Jump up to 17% as Q4 Profit More Than Doubles, Towel Segment Leads Growth

Shares of Trident surged as much as 17% to its intraday high on the National Stock Exchange after the company’s consolidated net profit more than doubled on year during the March quarter. Its consolidated revenue for the quarter under review climbed nearly 11% year-on-year.

Beyond the revenue uptick, this sharp spike in the earnings of Trident was also aided by a steep decline in the finance cost during the fourth quarter of FY25. The impact due to an increase in the other expenses of the firm was offset by the fall in the finance costs. Growth in the textile company’s overall revenue was driven by a robust growth in its towel segment.  Barring paper and chemicals, all the other segments of the company have registered a growth in the revenue during period, though marginal in some cases.

Revenue for the yarn segment remained flat during the March quarter at Rs 908 crore, in comparison to Rs 902 crore recorded in the year-ago quarter. Revenue from the bedsheets segment saw only a modest growth to Rs 315 crore from Rs 303 crore a year ago, while the paper and chemicals business’ revenue  dropped marginally to Rs 268 crore during the quarter under review. However, the revenue from the firm’s towel segment increased to Rs 752 crore from Rs 575 crore reported in the corresponding quarter a year ago.

Meanwhile, Trident’s consolidated net profit grew just 6% during FY25, while its revenue grew a mere 3% on year. Apart from approving the financial result for the quarter under review, the company’s board of directors also approved the first interim dividend of Rs 0.50 per share for FY25.

The stock, on Wendesday closed 45% higher than the 52-week low level and 20% below the 52-week high mark. Today, 6.59 crore shares of the company changed hands on the NSE.