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Trident’s FY22, Q4 net profit surges 88.22 per cent

  

The consolidated net profit of textile firm Trident jumped by 88.22 per cent year-on-year (YoY) to Rs 211.09 crore during the fourth quarter ended December 2021. The company had posted a profit of Rs 112.15 crore in the corresponding quarter of the previous financial year.

Trident’s consolidated revenue from operations grew by 51.94 per cent YoY at Rs 1,980.01 crore as against Rs 1,303.15 crore posted in the same quarter a year ago. The company’s EBITDA grew by 143 per cent to Rs 406.06 crore against Rs 166.96 crore posted last year. Its total expenses surged to Rs 1,673.88 crore in the third quarter as compared to Rs 1,157.73 crore.

The company’s net debt increased to Rs 1,484.89 crore as compared to Rs 1,045.39 crore as of September 30, 2021. Its revenue in the textile segment incrased to Rs 17,05.93 crore in Q3 FY22 compared to Rs 1,107.77 crore in Q3 FY21. Revenues in the paper segment surged to Rs 2,51.95 crore compared to Rs 1,82.41 crore in Q3 FY21.

Rajinder Gupta, Chairman, Trident Group says, the company will continue to create value and maintain Trident͛'s excellence-centric mindset to achieve even stronger and better results in the coming years.

 
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