Shares of the textile firm Trident surged nearly nine per cent after the company reported a two-fold increase in standalone net profit for the second quarter ended September 30, 2015. The increase in net profit was mainly because of reduced expenses.

Trident had posted a net profit of Rs 20.98 crores for the corresponding period of the previous fiscal. However standalone total income of the company stood at Rs 960.99 crores for the quarter under consideration as against Rs 965.70 crores for the same period a year ago.

Trident is the flagship of the Trident Group, a billion dollar Indian business conglomerate and global player. It has state-of-the-art manufacturing processes and systems coupled with appropriate human capital and credentials. The company was incorporated in 1990. The group today exports to over 75 countries. It is one of the largest integrated home textile manufacturers in the world. With a CAGR of over 30 per cent it is the world's largest manufacturer of terry towels and one of the top 10 yarn manufacturers in India.

The company’s board has declared a second interim dividend of Rs 0.30 per fully paid up equity share of Rs 10 each for the financial year 2015-16.

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