Indian textile manufacturer Trident doubles its first quarter revenue

23 Aug '21

1 min read

Pic: Trident Group

After a year of turmoil, Trident Group, an Indian terry towel and wheat straw-based paper manufacturer, has recovered in the first quarter (Q1) of FY22 with revenue growing 107.4 per cent to ₹14,798.6 million against ₹7,133.6 million in the same period of previous fiscal. Textile segment’s sales escalated to ₹12,821.2 million (Q1 FY21: ₹5,857 million).

“The quarterly performance has been remarkable despite uncertainties due to Covid-19 and we shall continue to drive with focused and futuristic initiatives to build an organisation more dynamic and distinctive than ever before, creating value for stakeholders,” Rajinder Gupta, chairman at Trident Group, said in a press release.

EBITDA for the quarter ended on June 30, 2021, more than tripled to ₹3,824.5 million (₹1,187.1 million), while EBIT expanded 712.8 per cent to ₹2,950.4 million (₹363.0 million). Profit after tax totalled to ₹2,035.0 million.

In its recent expansion, the Indian manufacturer begun commercial production of yarn in new spinning unit with a capacity of 61,440 spindles and 480 rotors.

Fibre2Fashion News Desk (JL)

More Trident Group News... More Textiles News - India...