For the third quarter Trident’s net profit fell 27.7 per cent. Consolidated profit before tax slumped 74.1 per cent. Tax expense dropped 70.1 per cent. Net debt jumped 10.42 per cent. This year Trident saw growth in the first two quarters. However, the third quarter brought some headwinds due to which overall revenue declined as compared to the previous quarter as well as compared to the corresponding period of last year. Lower traction in the home textile segment along with reduced realizations in the yarn and paper segments impacted revenue as well as profitability for the quarter. The company is expecting an improvement in capacity utilization in the bath linen segment in the next quarter and is looking at the order book for the sheeting segment for the next quarter.

Trident is a vertically integrated textile and paper manufacturer. Trident believes in offering innovative solutions and delivering high-quality value-added products to customers. Trident is expanding spinning capacity at its Madhya Pradesh plant. The project, expected to begin commercial production by January 2021, will help strengthen Trident’s existing home textile business and further expand its market presence. Trident’s existing capacity is 5,43,744 spindles and 6,464 rotors, and the current capacity utilisation is 99 per cent. Trident has planned for maintenance capex at Rs 100 crores for fiscal ’20 and the same will be utilized toward small maintenance capex in the form of de-bottlenecking and upgradation of capacities.