Hot Pursuit     13-Jun-22
Trident slips after bath linen production drops 34% YoY in May
Trident declined 2.79% to Rs 41.85 after the firm announced production update for May 2022.

In the home textile division, production of bath linen slumped 34.32% to 3,364 metric tonnes (MT) in May 2022 as against 5,122 MT posted in May 2021. Production of bed linen declined 6.25% to 2.85 million metres (MM) in May 2022 from 3.04 MM recorded in May 2021. Production of yarn slipped 10.86% to 9,191 MT in May 2022 over 10,311 MT reported in May 2021.

In paper & chemicals division, production of paper jumped 14.34% to 14,372 MT in May 2022 compared with 12,569 MT in May 2021. Production of chemicals fell 1.36% to 8,923 MT in May 2022 as against 9,046 MT in May 2021.

Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India.

The company reported a 137.1% jump in consolidated net profit to Rs 181.25 crore on a 39% rise in revenue from operations to Rs 1,869.85 crore in Q4 FY22 over Q4 FY21.

Previous News
  Trident fixes record date for 1st interim dividend
 ( Market Beat - Reports 07-May-24   15:41 )
  Trident consolidated net profit rises 137.08% in the March 2022 quarter
 ( Results - Announcements 30-May-22   17:20 )
  Trident bath linen production declines 19% YoY in December
 ( Hot Pursuit - 10-Jan-23   15:48 )
  Trident secures Indian patent for a fabric production method
 ( Corporate News - 01-Dec-22   15:36 )
  Trident to divest its stake in Trident Global Corp
 ( Corporate News - 06-Sep-23   18:28 )
  Trident to announce Quarterly Result
 ( Corporate News - 10-Jan-22   12:27 )
  Trident consolidated net profit rises 200.43% in the December 2020 quarter
 ( Results - Announcements 18-Jan-21   16:41 )
  Trident to declare Quarterly Result
 ( Corporate News - 02-May-24   15:18 )
  Volumes soar at Trident Ltd counter
 ( Hot Pursuit - 28-Jul-21   11:00 )
  Trident issues commercial paper for Rs 50 cr
 ( Corporate News - 28-Apr-21   17:46 )
  Trident schedules board meeting
 ( Corporate News - 03-Aug-21   13:43 )
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