Revenue from operations rose 4.7% to ₹1,786.8 crore from ₹1,706.8 crore in the corresponding quarter last year. EBITDA increased 2.7% to ₹299.6 crore from ₹291.7 crore, while the EBITDA margin remained flat at 17%.
During the quarter, the company’s board declared and paid an interim dividend of ₹0.50 per equity share, representing 50% on the face value of ₹1 per share.
The company’s segment performance was led by its yarn business, whose revenue rose to ₹954.2 crore from ₹902 crore a year earlier.
The yarn business remained Trident’s largest revenue contributor during the June quarter, with revenue rising to ₹954.2 crore from ₹902 crore a year ago.
The paper and chemicals segment recorded the strongest revenue growth, increasing to ₹297.4 crore from ₹259.8 crore, while the towel segment remained largely flat at ₹638.5 crore compared with ₹638.9 crore last year. Revenue from the bedsheets business, however, edged lower to ₹302.8 crore from ₹309.4 crore.
On the profitability front, the yarn segment more than doubled its pre-tax profit to ₹145.8 crore from ₹70.1 crore in the year-ago quarter. Profit from the bedsheets segment also improved to ₹49.3 crore from ₹44.8 crore, while the paper and chemicals business contributed ₹52.4 crore, lower than ₹73.3 crore a year earlier.
The towel segment’s pre-tax profit declined to ₹33.7 crore from ₹47.6 crore in the corresponding quarter last year.
Separately, the board approved the incorporation of a new domestic wholly-owned subsidiary (DWOS) to strengthen Trident’s brand presence and drive brand-building, sales, marketing and business development initiatives. The subsidiary will also undertake marketing activities for Trident products in overseas markets.
The company said the name of the proposed subsidiary is yet to receive approval from the Ministry of Corporate Affairs, while its incorporation is yet to be completed.
Trident Ltd shares ended 0.28% lower at ₹25.24 on the NSE on July 21, ahead of the company’s June quarter earnings announcement.
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