Trident stock freezes at 5% upper circuit after Q2 PAT rises a whopping 128% yoy

The company's net debt reduced in Q2 FY22 to reach level of Rs1,045.39cr as compared to Rs1,231.98cr as on 30st June 2021; Net Debt to Equity ratio stood at 0.29x.

Oct 22, 2021 03:10 IST India Infoline News Service

Trident has clocked a net profit of Rs288cr for the quarter ending September 2021 (Q1FY22), rising by a whopping 128.3% from Rs203.5cr a year ago same period.

The company's total income stood at Rs1,672.6cr in Q2FY22 up 42.4% from Rs1,479.86cr in the same quarter last year.

Rajinder Gupta, Chairman at Trident Group said, "We have continued the positive momentum from the previous quarter and delivered the best performance in the second quarter," adding, "The company is committed to embark inclusive growth for all its stakeholders and continuing to excel in future."

The company's net debt reduced in Q2 FY22 to reach level of Rs1,045.39cr as compared to Rs1,231.98cr as on 30st June 2021; Net Debt to Equity ratio stood at 0.29x.

At around 3.22 pm, Trident was trading at the upper circuit of Rs40.55  per piece up 4.9% on Sensex. 

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