Latest news with #DeepakNanda
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
India's Trident posts $207.24 mn revenue in Q1; EBITDA jumps 18%
Indian manufacturer of textiles Trident Limited has recorded a consolidated revenue of ₹1,727 crore (~$207.24 million) in the first quarter (Q1) of fiscal 2026 (FY26), down 8.31 per cent quarter-on-quarter (QoQ) and 1.75 per cent year-on-year (YoY). Notably, EBITDA surged 18.12 per cent QoQ to ₹312 crore, with an EBITDA margin of 18.06 per cent—an improvement of 404 basis points (bps) over the previous quarter. Trident Limited has reported a revenue of ₹1,727 crore (~$207.24 million) in Q1 FY26, with EBITDA rising 18.12 per cent QoQ. Net profit surged 89.39 per cent YoY to ₹140 crore (~$16.8 million). The company reduced net debt and posted ₹234 crore (~$28.08 million) in free cash flow. Home Textiles led segment-wise revenue, with continued focus on innovation, ESG, and sustainable growth. Depreciation stood at ₹93 crore, a marginal increase from ₹90 crore last quarter. Finance costs amounted to ₹31 crore, down 32.65 per cent YoY. Profit before tax (PBT) came in at ₹188 crore (~$22.56 million), up 9.32 per cent QoQ and 84.06 per cent YoY, while net profit reached ₹140 crore (~$16.8 million), reflecting a 4.89 per cent QoQ and a significant 89.39 per cent YoY increase, Trident said in a press release. The cash profit stood at ₹233 crore, rising 4.28 per cent QoQ and 40.54 per cent YoY. Earnings per share (EPS) improved to ₹0.27 from ₹0.25 in Q4 FY25 and ₹0.15 in Q1 FY25, recording a YoY growth of 83.19 per cent. The company's free cash flow for Q1 FY26 stood at ₹234 crore (~$28.08 million), while net debt reduced by ₹31 crore QoQ to ₹879 crore, despite a dividend payout of ₹254 crore in May 2025. The annualised net debt/EBITDA ratio improved to 0.71 from 0.95. Segment-wise performance, Home Textiles division led the way in Q1 FY26 with a revenue of ₹948 crore. The Yarn business contributed ₹902 crore. Meanwhile, the Paper and Chemicals segment recorded ₹260 crore in revenue. 'As we reflect on Trident Limited's Q1FY26 results, it's evident that amidst challenging macroeconomic conditions, our company has showcased quarter-on-quarter growth in terms of profitability, we have further strengthened our balance sheet by reducing net debt by 31 Crore and sustaining our Debt Equity Ratio at 0.35,' said Deepak Nanda, managing director, Trident Limited. 'Furthermore, our financial health has been reinforced through sustaining the Current Ratio at 1.87 from 1.98 on a QoQ basis, despite economic challenges and international fluctuation.' 'Our focus on innovative product pipelines aligned with evolving consumer preferences, combined with positive tailwinds from recent US tariff revisions and new FTA between India and UK, positions us favourably to capitalise on emerging opportunities as we maintain our commitment to sustainable growth and operational excellence,' added Nanda. 'Going forward, we shall continue focusing on improving our volumes, value added products and ESG. With this foundation, Trident Limited stands poised to continue its journey of sustainable growth and innovation in the ensuing period.' Fibre2Fashion News Desk (SG)
Fashion Value Chain
4 days ago
- Business
- Fashion Value Chain
Trident Reports Q1FY26 Profit Growth and Debt Reduction
Trident Limited, a leading diversified textile and paper manufacturer, has released its consolidated financial results for the first quarter of FY26, reporting resilient performance across all verticals. The company achieved consolidated revenue of ₹1,727 crore for Q1FY26. EBITDA rose by 18.12% QoQ to ₹312 crore, with net profit increasing by 4.89% QoQ and a significant 89.39% YoY to ₹140 crore. Free cash flow stood at ₹234 crore for the quarter, reinforcing the company's liquidity position. The company's net debt stood at ₹879 crore as of June 30, 2025, a decline of ₹31 crore from the previous quarter despite a dividend payout of ₹254 crore in May. This brought the annualized Net Debt/EBITDA ratio down to 0.71 from 0.95 QoQ, and maintained a healthy Debt-Equity ratio of 0.35. Key Segmental Highlights: Yarn : ₹902 crore in revenue Home Textiles : ₹948 crore in revenue Paper & Chemicals: ₹260 crore in revenue Commenting on the results, Mr. Deepak Nanda, Managing Director, stated: 'Despite macroeconomic challenges, we've delivered solid profitability and further strengthened our balance sheet. Our focus remains on sustainable growth, innovation, and expanding volumes in value-added products, while leveraging favorable global trade developments including the India–UK FTA and U.S. tariff adjustments.' The company reported an EBITDA margin of 18.06%, up 404 basis points QoQ, with improved profitability metrics across the board. Trident continues to prioritize ESG-led growth and operational excellence across its manufacturing hubs in Punjab and Madhya Pradesh. Financial Snapshot – Q1FY26 vs Q4FY25 vs Q1FY25
