Published
Jan 19, 2022
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Trident Q3 net profit jumps 88 prcent to Rs 211 crore

Published
Jan 19, 2022

Textiles major Trident Ltd reported a jump of 88 percent in the consolidated profit of Rs 211 crore ($28.3 million) in the quarter that ended December 2021, as against a net profit of Rs 113 crore it posted in the year-ago period.
 

Trident Ltd Q3 net profit jumps 88 percent to Rs 211 crore


The company's revenue for the quarter rose by 52 percent to Rs 1,980 crore as against Rs 1,303 crore posted in the same quarter a year ago.
 
The company’s total expenses were higher at Rs 1,673 crore in the third quarter as compared to Rs 1,157 crore.

Commenting on the performance, Rajinder Gupta, chairman at Trident Group in a statement said, "The company has shown high resilience and displayed strong performance despite challenging environment. We will continue to create value and maintain Trident͛ s excellence-centric mindset to achieve even stronger and better results in the coming years."
 
Trident is one of the largest players in the home textile space in India. It currently has around 400 points-of-sales across the country and plans to further expand its retail presence by doubling its point-of-sales next year.

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