Introduction:
Leading textile and paper manufacturers reported a 26.8% decline in Q3 FY25 net profit to ₹80 crore, with revenue falling 9.2% to ₹1,667 crore. Weaker margins and reduced EBITDA highlighted operational challenges during the quarter.
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Share price movement of Trident:
On January 27, 2025, Trident Ltd opened at ₹28.31, down 8.86% from its previous close of ₹31.07. The stock reached a high of ₹30.00 (-3.44%) and a low of ₹28.31. By 9:57 AM, it traded at ₹28.99, a 6.69% decline, with a market cap of ₹14,773.18 crore.
Trident Ltd Reports 26.8% Decline in Q3 Net Profit:
Trident Ltd recorded a 26.8% drop in net profit for Q3 FY25, reporting ₹80 crore versus ₹109 crore last year. Revenue also decreased by 9.2%, falling to ₹1,667 crore from ₹1,835.3 crore, signaling weak performance.
The company’s EBITDA shrank by 18.8% to ₹213.6 crore, compared to ₹263.1 crore in Q3 FY24. Margins also contracted to 12.8% from 14.3%, reflecting higher costs or challenges in maintaining competitive pricing during the quarter.
Basic and diluted earnings per share dropped by 31.8% to ₹0.15, compared to ₹0.22 in the year-ago period. The company faced weak operational performance, with revenue, profit, and margins all under pressure.
Recent news on Trident:
As of December 09, 2024, Trident Group announced plans to invest ₹3,000 crore in Madhya Pradesh’s textile sector, expanding its workforce from 12,000 to over 15,000 employees, further boosting its export reach to 122 countries.
Stock performance of Trident for Period of 1 week, 6 months and 1 year:
Over the past week, the company’s returns declined by 4.08%. Over six months, it fell further by 21.1%, and over the past year, the returns dropped significantly by 31.6%, reflecting persistent challenges.
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Shareholding pattern of Trident:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 73.20% | 73.20% | 73.20% |
| FII | 2.80% | 2.70% | 2.60% |
| DII | 0.10% | 0.10% | 0.10% |
| Public | 22.80% | 22.80% | 22.90% |
| Others | 1% | 1.30% | 1.30% |
About Trident:
Incorporated in 1990, Trident Ltd (NSE: TRIDENT) is a leading manufacturer of yarn, terry towels, bed sheets, and paper. It is the world’s largest wheat straw-based paper producer and a prominent player in home textiles.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
