Trident Limited, a textile and paper manufacturer, disclosed a 23.5% year-on-year decrease in consolidated net profit for the fourth quarter ending March 31. The company’s net profit stood at Rs 102 crore in the January-March period, down from Rs 133.2 crore in the same quarter of the previous fiscal year. Revenue from operations during the quarter also saw a 12.4% decline year-on-year, dropping to Rs 1,632.5 crore from Rs 1,864.3 crore.
The firm’s earnings before interest, tax, depreciation, and amortization (EBITDA) fell by 7.2% to Rs 227.3 crore in the fourth quarter, compared to Rs 245 crore in the corresponding period last fiscal year. Despite the decline, the EBITDA margin improved to 13.9% from 13.1% in the year-ago quarter. Additionally, Trident’s board of directors sanctioned a first interim dividend of Rs 0.50 per fully paid-up equity share with a face value of Rs 1 each for the financial year 2026-27.
The company set May 23, 2026, as the record date for determining shareholders eligible for the dividend payout. Trident assured that the dividend amount would be disbursed within the stipulated statutory timelines. Furthermore, the board approved a plan to raise up to Rs 500 crore by issuing non-convertible debentures (NCDs) through public issue or private placement, subject to shareholder approval.
In a significant move, the company reappointed Deepak Nanda as Managing Director for an additional three-year term from September 5, 2026, to September 4, 2029, pending shareholders’ approval. Trident also noted that adjustments to employee benefit plans totaling Rs 4.49 crore were made during the quarter and full financial year ended March 31, 2026, due to the implementation of India’s new labor codes. These expenses were recognized as past service costs in the profit and loss statement in accordance with Ind AS 19 on employee benefits.
On the stock market, Trident Limited’s shares closed slightly lower by 0.04% at Rs 24.33 each on the National Stock Exchange of India on Tuesday.
