Home / Knowledge / News / Textiles / Trident Group reports Q2 FY21 income of ₹1175 cr

Trident Group reports Q2 FY21 income of ₹1175 cr

19
Oct '20
Pic: Trident Group
Pic: Trident Group
Trident Group, a vertically integrated textile (yarn, bath & bed linen) and paper manufacturer, reported 11.4 per cent decrease in its total income to ₹1174.6 crore during second quarter (Q2) for FY21 ended on September 30, 2020, compared to the income of ₹1325.6 in the same period last year. EBITDA for Q2 FY21 was ₹226.9 million (Q2 FY20: ₹259.0 million).
 
“The company has shown high resilience and bounced back strongly with a good performance despite challenging circumstances,” Rajinder Gupta, chairman at Trident Group, said in a press release.
 
Profit after tax for the quarter was ₹100.2 crore (₹137.1 crore). Company’s net debt dropped significantly to ₹947.6 crore (₹1614.5 crore). 
 
During Q2 FY21, textile segment revenue stood at ₹990.8 crore (₹1094.1 crore). While paper segment revenue stood at ₹180.9 crore (₹227.9 crore).
 
“While overall economic environment continues to be uncertain due to Covid-19 pandemic, we remain cautiously optimistic about the future,” Gupta said.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

E-commerce | On 30th Nov 2020

France to impose 'digital tax' in 2020

France has decided to impose a new digital tax on big online...

Pic: University of York

Textiles | On 30th Nov 2020

UK scientists working to reduce textile industry waste

Scientists at the University of York and the Royal College of Art are ...

Pic: Material Exchange

Textiles | On 30th Nov 2020

Material Exchange raises €5 million for sustainability

Material Exchange has announced the closing of a €5 million funding...

Interviews View All

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search