Trident (TRIDENT) Q3 24/25 earnings summary

Executive summary

• Trident Limited is a leading integrated home textile manufacturer with a 30+ year track record, exporting to over 90 countries and employing 15,500+ people.

• The company is the world's largest wheat straw-based paper manufacturer and #1 in North India for branded copier paper.

• Unaudited standalone and consolidated financial results for Trident Limited and subsidiaries reviewed for the quarter and nine months ended December 31, 2024, with unmodified auditor opinions and no material misstatements identified.

• Transformation includes digitalization, e-commerce expansion, and a focus on sustainability and ESG initiatives.

• Recognized for innovation, sustainability, and corporate governance, with multiple national and international awards.

Financial highlights

• Q3 FY25 total income was INR 16,778 Mn, down 8.7% year-over-year and 2.5% sequentially.

• Standalone revenue from operations for Q3 FY25 was INR 16,625.8 million, down from INR 18,232.8 million in Q3 FY24; consolidated revenue was INR 16,670.9 million, down from INR 18,353.4 million year-over-year.

• EBITDA for Q3 FY25 was INR 2,250 Mn, a 17.7% decrease year-over-year and 4.7% sequentially; EBITDA margin at 13.41%.

• Net profit for Q3 FY25 was INR 779 Mn, down 27.5% year-over-year and 6.7% sequentially; EPS at 0.15.

• Exceptional income of INR 360.5 million in standalone results and INR 1.5 million in consolidated results due to sale of stake in subsidiary TGCL.

Outlook and guidance

• The company is focusing on margin improvement through product innovation, capacity utilization, and digitization.

• Industry trends indicate resilient demand, strong export prospects, and growth opportunities from FTAs and the PLI scheme.