Trident shares surged 13.42% on Tuesday, 3 November, after the company reported a sharp rise in its September-quarter profit and announced an in-principle approval for a ₹4,650 crore capacity expansion and modernisation programme.
The textile and paper manufacturer reported a 93.1% year-on-year increase in consolidated profit attributable to owners to ₹175.5 crore in Q2 FY27, compared with ₹90.9 crore in the corresponding quarter of the previous financial year.
However, revenue from operations declined 3.8% to ₹1,719.48 crore from ₹1,787.17 crore in Q2 FY26.
Despite the decline in revenue, the company delivered a significant improvement in operating performance. EBITDA rose 46.5% year-on-year to ₹313.7 crore from ₹214.1 crore, while the EBITDA margin expanded to 18% from 12% a year earlier.
Trident's consolidated total expenses fell 10.2% to ₹1,509.73 crore in the September quarter, compared with ₹1,680.68 crore in the year-ago period.