Shares of Trident rallied as much as 13.4 percent to hit an intra-day high of Rs 25.18 on the BSE on Tuesday after the textile fabric manufacturer reported a 93 percent increase in net profit during the July-September quarter of the financial year 2026-27 and announced a Rs 4,650 crore capacity expansion and modernisation plan. The proposed capital expenditure is nearly one-third of the company’s overall market capitalisation of just over Rs 12,500 crore.
Trident shares opened at Rs 23.11 and surged 13.4 percent to hit an intra-day high of Rs 25.18 from the previous closing of Rs 22.20. However, the stock pared most of its early gains during the session. At around 1.05 pm, the stock was trading 5.95 per cent higher at Rs 23.45.
Trident Ltd reported a 93.1 percent year-on-year increase in consolidated profit attributable to owners of the company to Rs 175.5 crore for the second quarter of the financial year 2026-27 (Q2FY27), compared with Rs 90.9 crore in the corresponding quarter of the previous financial year.
The company’s revenue from operations declined 3.8 percent to Rs 1,719.48 crore in September quarter from Rs 1,787.17 crore in the year-ago period.
Despite the decline in revenue, Trident reported a strong improvement in operating performance, with earnings before interest, taxes, depreciation and amortisation (EBITDA) rising 46.5 percent YoY to Rs 313.7 crore from Rs 214.1 crore in Q2 FY26.