Profit before tax in Q4 FY23 was at Rs 172.88 crore, down 29.2% as against Rs 244.26 crore reported in Q4 FY22,

The company's revenue from Yarn business stood at Rs 728.41 crore (down 33.6% YoY), revenue from Towel division was at Rs 568.5crore (down 2.79% YoY), Bedsheets revenue came in at Rs 310.71 crore (down 4.24% YoY) duing the quarter.

However, revenue from Paper and chemicals division jumped 22.26% YoY to Rs 339.21 crore in Q4 FY23.

On full year basis, the company's consolidated net profit tumbled 47% to Rs 441.61 crore on 9.5% fall in revenue from operations to Rs 6,332.26 crore in FY23 over FY22.

Meanwhile, the firm's board has declared first interim dividend of Rs 0.36 per fully paid up equity share for FY23. The record date for the same is fixed on Thursday,1 June 2023.

Further, the board has approved raising of funds for an amount not exceeding Rs 500 crore by issue of non-convertible debentures, by way of public or private offering, in one or more tranches and further recommended enabling resolution for approval of shareholders.

Headquartered in Punjab, Trident is 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 operates in two major business segments: textiles and paper with its manufacturing facilities located in Punjab and Madhya Pradesh.