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Trident quarterly net profit up 37 per cent

Trident for the March quarter has reported a net profit of Rs 55.48 crores. Net profits have seen a surge of 37 per cent as compared to the fourth quarter of financial year ’15. EBITDA for the period stands at Rs 194.22 crores. Total income from operations stands at Rs 968 crores for the quarter as against Rs 978 crores for the corresponding period of the previous fiscal.

On a year on year basis, net profits after minority interest stand at Rs 227.98 crores whereas for the previous fiscal it stood at Rs 117.81 crores. Net profit has increased by 93 per cent. EBITDA stands at Rs 741.41 crores and has increased by seven per cent from the previous year. Consolidated total income for the period stands at Rs 3706.49 crores.

On a CAGR basis, EBITDA and net profits for the period of three years have grown by four per cent and 39 per cent respectively.

Trident is an Indian company engaged in the business of manufacturing agro based paper, yarn, terry towels and sulphuric acid. The company also has a captive power plant. The company operates in two business segments: textile and paper. The company is currently in an expansion phase but has managed to post double digit profits.