Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex
Trident shares rallied 13% after the company reported a 93.1% year-on-year rise in Q2 FY27 net profit to Rs 175.50 crore. Improved EBITDA and margins supported earnings growth, while the company announced a Rs 4,650-crore capacity expansion and modernisation programme.
Trident shares surged 13% on Tuesday, reaching a day high of Rs 25.18 on the BSE, following the company's announcement of a remarkable 93.1% increase in its Q2FY27 net profit to Rs 175.50 crore. The revenue from operations for the quarter decreased by 4% compared to the same period last year, standing at Rs 1,719.50 crore. EBITDA rose by 46.5% to Rs 313.7 crore, and the EBITDA margin expanded by 600 basis points to 18%.
Sequentially, profits grew by 11.1% from the June quarter, while revenue declined slightly by 3.8% from Q1FY27. The yarn division showed a significant increase in revenue, rising to Rs 1,019 crore, while the towel segment experienced a revenue decrease of 25.2% to Rs 570.75 crore. Trident intends to invest Rs 4,650 crore in capacity expansion and modernization across its business segments, including adding 99,840 spindles at its Budhni yarn plant and establishing a new yarn plant in Dhar, Madhya Pradesh, with a capacity of 1,99,680 spindles.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
