Textile Manufacturer Trident Limited has reported a 137.1% jump in consolidated net profit to ₹ 181.25 crores for the fourth quarter ended March 2022. The company had clocked a net profit of ₹ 76.45 crores during the January-March quarter of 2020-21.
During the quarter under review, the company’s net sales rose to ₹1,869.85 crores from ₹ 1,344.95 crores in the year-ago period, up 39.02%.
Meanwhile, its board of directors approved the resolution for raising of funds and further recommended enabling resolution for approval of shareholders for an amount not exceeding ₹ 500 crores by the issue of non-convertible debentures (NCDs) by way of a public or private offering, in one or more tranches.
Trident is amongst the largest players in the home textile space in India. It is a vertically integrated (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer.
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