National, India 27h January 2025: Trident Limited, one of the largest vertically integrated Textile (Yarn, Bath, Bed Linen) Paper (wheat straw -based) and Chemical manufacturer announced its earnings for the quarter ended, 31st December, 2024.
Financial Highlights:
Total Standalone Income for Q3FY25 stood at INR 1678 Cr., while Earnings Before Interest, Depreciation, Tax, and Amortization (EBIDTA) stood at INR 225 Cr. resulting in Profit After Tax (PAT) to INR 78 Cr. for the quarter ended, December 2024.
Commenting on the results, Mr. Deepak Nanda, Managing Director, Trident Ltd., said, ‘At Trident, we’re proud to reaffirm our position as a leader in sustainable manufacturing. This quarter’s achievements showcase our unwavering commitment to environmental stewardship and fiscal responsibility. By reducing our consolidated debt by 191Cr., we’ve strengthened our financial foundation, while our investments in renewable energy, including the installation of 16.4MWp rooftop solar, demonstrate our dedication to a greener future. Further, our new Renewable Project with planned investment, solidifies Trident’s position at the forefront of sustainable business practices, driving long-term value creation for our stakeholders.’
Business Performance:
Q3 FY25 Standalone Revenue for Yarn, Home Textile were also muted at INR 841 Cr. and INR 938 Cr. respectively, while Chemical and Paper business stood at INR 258 Cr., with marginal improvement.
Other Developments During the Quarter:
In pursuit of sustainability as key focus, Trident has forayed into Renewable Energy Project to have 60% of a plant’s power supplied by renewable energy sources and proposed to set up solar and wind energy plants of Budhni unit in Madhya Pradesh.
While the contours of the agreement are yet to concretize, the aim of the project is to significantly reduce carbon footprint in Budhni, in alignment with the Renewal Energy Project objectives, and realizing the vision of a Viksit Bharat while also strictly adhering to the practices that ensure sustainability.
Trident Group showcased its sustainable textile innovations at Heimtextil, aiming to solidify its leadership in eco-friendly manufacturing through cutting-edge solutions. The company launched the Karamyogi Recruitment Drive to hire 3,000 skilled individuals, supporting community development.
Trident received multiple awards for HR excellence, including Best HR Practice and Workforce Diversity. The Group also won the gold trophy at the TEXPROCIL Awards for its significant contribution to the Indian textiles sector.
The company reaffirmed its commitment to Corporate Social Responsibility by launching four ambulances and releasing its maiden ESG Report. Trident Limited received an S&P Global CSA score of 56 out of 100, reflecting its sustainability efforts.
