Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex

What happened: Trident shares rallied 13% after Q2 net profit jumped 93% to Rs 175 crore. The company also plans Rs 4,650 crore capex, including a new yarn facility in Dhar, Madhya Pradesh. Key numbers: Q2 revenue Rs 1,719.50 crore, down 4% YoY. EBITDA Rs 313.7 crore, up 46.5%. Margin 18% vs 12%. Profit up 11.1% QoQ. Why it matters: Profit growth came despite a revenue decline, with margin expansion and a stronger yarn segment offsetting a weaker towel segment. The planned capex covers 1,99,680 spindles, 336 looms, 28 TPD paper capacity, and an 80 MW hybrid renewable project.

Trident shares rallied 13% after Q2 net profit jumped 93% to Rs 175 crore. The company also plans Rs 4,650 crore capex, including a new yarn facility in Dhar, Madhya Pradesh.

Profit growth came despite a revenue decline, with margin expansion and a stronger yarn segment offsetting a weaker towel segment. The planned capex covers 1,99,680 spindles, 336 looms, 28 TPD paper capacity, and an 80 MW hybrid renewable project.