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Punjab-based textile player Trident Ltd on Monday reported a 200 per cent surge in consolidated net profit at Rs 112 crore for the quarter ending 31 December 2020. It was Rs 37 crore in the year-ago period.
Consolidated revenue from operations rose 20 per cent to Rs 1,303 crore as against Rs 1,082 crore in December 2019.
On Monday, the company’s scrip on BSE was trading 2 per cent higher at Rs 15.06. Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in the home textile space in India.
Earlier this month, Trident Limited said that it has been granted a patent for “Fabric and Method of Manufacturing Fabric by the European Patent Office. The patent relates to the “method of producing a fabric by subjecting the fabric to a special treatment, thereby obtaining increased air space in the resultant fabric.” This will, Trident said, help the company to deliver its special soft towels without the usage of any chemical-based fibers enabling it to save the environment and at the same time to deliver its soft luxury towels in European Market.
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