{
  "id": 17925557,
  "title": "Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex",
  "url": "https://urgent.news/2026/11/03/trident-shares-rally-13-after-q2-net-profit-jumps-93-to-rs-175-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T05:17:36.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/trident-shares-rally-13-after-q2-net-profit-jumps-93-to-rs-175-crore-firm-plans-rs-4650-crore-capex/articleshow/135483244.cms"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}