Revenue from operations increased 25.03% year on year (YoY) to Rs 1,797.52 crore in the quarter ended 30 September 2023.

Consolidated profit before tax surged to Rs 130.44 crore in September 2023 quarter as against 49.06 crore in Q2 FY23.

Total expenses in Q2 FY24 were at Rs 1,681.66 crore, registering a growth of 20.65% YoY. Cost of raw materials consumed came in at Rs 936.73 crore (up 27.92% YoY) while finance costs stood at Rs 35.01 crore (up 74.27% YoY) during the quarter.

The firm’s revenue from yarn business stood at Rs 833.85 crore (up 15.18% YoY), revenue from towel segment was at Rs 707.71 crore (up 18.14% YoY) and revenue from bedsheets business was at Rs 334.27 crore (up 111.56%).

While revenue from paper and chemicals business stood at Rs 295.72 crore (down 13.49%) during the period under review.

Trident is one of the largest towel manufacturers of the world, one of the world's largest agro–based paper manufacturers and one of the largest yarn producers in India. Trident is a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer.