Ludhiana based textile major Trident Ltd delivered a robust set of first-quarter numbers, with profitability climbing nearly 13% year-on-year.
This came on the back of strong performance from its spinning operations, even as the company green lighted a fresh push into global branding.
For the three months ending June 30, the company’s consolidated net profit came in at Rs 158 crore, up 12.9% from the corresponding quarter a year earlier.
Revenue from operations was more modest in the first fiscal quarter advancing 4.7% to touch Rs 1,786.8 crore.
Profitability metrics held largely firm during the period. Operating margins were unchanged at 17%, while earnings before interest, tax, depreciation and amortization edged up 2.7% to reach Rs 299.6 crore.
Breaking down performance by segment, the yarn business stood out as the standout contributor.
Revenue from this vertical rose to Rs 954.2 crore, up from Rs 902 crore in the year-ago period, while pre-tax earnings from the segment surged, more than doubling to Rs 145.8 crore.
The picture was less favourable elsewhere in the portfolio. The paper and chemicals division, despite posting higher revenue, saw pre-tax profitability slip to Rs 52.4 crore from Rs 73.3 crore previously.
Meanwhile, the company’s home textiles business—spanning both towels and bedsheets—delivered a mixed showing, with revenue in both product lines staying roughly flat compared to last year.
That said, the bedsheets category managed a modest uptick in pre-tax profit despite the subdued top-line trend.
Looking ahead, Trident’s board has given the green light to establish a new, wholly owned subsidiary, structured specifically to drive the company’s branding, marketing and sales efforts in global markets.
