The consolidated net profit of textile brand Trident grew 137.1 per cent to Rs 181.25 crore in Q4 FY’22. Operations revenue from grew 39 per cent to Rs 1,869.85 crore during the quarter. Trident reported a 150.8 per cent Y-o-Y rise in consolidated profit before tax at Rs 244.26 crore in Q4 FY22. The company's operating margin grew to 21.67 per cent in quarter ended March 2022 as compared to 20.7 per cent as of March 2021.
On full year basis, the company’s consolidated net profit jumped 173.9 per cent to Rs 833.74 crore as net sales rose 54.5 per cent to Rs 6,997.66 crore durng the financial year ended March 31, 2022 over the financial year ended March 31, 2021.
The board of directors passed a resolution to raise funds and further recommended enabling resolution for approval of shareholders for an amount not exceeding Rs 500 crore by issue of non-convertible debentures (NCDs) by way of public or private offering, in one or more tranches. A vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer, Trident is one of the largest players in home textile space in India.
