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Indian home textile company Trident records triple-digit profit growth

Triden Limited, a manufacturer of vertically integrated textiles (threads, baths, bed linen) and paper (straw-based), earned 42.4% in the second quarter of 2010, which ended on September 30. Reported growth. , 2021, over the corresponding period of the previous fiscal year. Profit after tax increased 128.3% to £ 2,288m (Q2 2009: £ 1.024m).

Trident Ltd, a vertically integrated textile (thread, bath, bed linen) and paper (straw-based) manufacturer, grew 42.4% in the second quarter, ending September 30, 2021. Reported. , At the same time in the previous fiscal year. Profit after tax increased 128.3% to £ 2,288m (Q2: £ 1.024m).

“We have been positive momentum since the previous quarter and performed best in the second quarter.” Trident Group Chairman, Lazinder Gupta, Said in a press release.

Trident Ltd, a vertically integrated textile (thread, bath, bed linen) and paper (straw-based) manufacturer, grew 42.4% in the second quarter, ending September 30, 2021. Reported. , At the same time in the previous fiscal year. Profit after tax increased 128.3% to £ 2,288m (Q2: £ 1.024m).

Indian home textile companies EBITDA (Interest, Taxes, Depreciation and Pre-Amortization Revenues) increased 81.9% over the three months to £ 4,129.2m (£ 2,269.5m). EBIT (earnings before interest and tax) increased 126.8% to £ 3,262.0 million (£ 1,438.5 million).

Trident Ltd, a vertically integrated textile (thread, bath, bed linen) and paper (straw-based) manufacturer, grew 42.4% in the second quarter, ending September 30, 2021. Reported. , At the same time in the previous fiscal year. Profit after tax increased 128.3% to £ 2,288m (Q2: £ 1.024m).

By segment, textiles sales were up 42% to £ 14,067m (£ 9,908m), while the paper segment was up 42% to £ 2,560m (£ 1,809m).

Trident Ltd, a vertically integrated textile (thread, bath, bed linen) and paper (straw-based) manufacturer, grew 42.4% in the second quarter, ending September 30, 2021. Reported. , At the same time in the previous fiscal year. Profit after tax increased 128.3% to £ 2,288m (Q2: £ 1.024m).

In addition, the company said it began commercial production of yarn on July 27, 2021 with a new spinning unit with a capacity of 61,440 spindles and 480 rotors.

Trident Ltd, a vertically integrated textile (thread, bath, bed linen) and paper (straw-based) manufacturer, grew 42.4% in the second quarter, ending September 30, 2021. Reported. , At the same time in the previous fiscal year. Profit after tax increased 128.3% to £ 2,288m (Q2: £ 1.024m).

“The company has embarked on inclusive growth for all stakeholders and is committed to continuing to excel,” Gupta concludes.

Fiber2Fashion News Desk (JL)



Indian home textile company Trident records triple-digit profit growth

Source link Indian home textile company Trident records triple-digit profit growth

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