On a sequential basis, net profit fell by 10% while revenue from operations grew by 17% in Q3 FY22 over Q2 FY22. Tridents net profit margin stood at 14.52% as of 31 December 2021 as against 11.55% as of 31 December 2020.
Consolidated profit before tax fell by 9.68% on a sequential basis but jumped by 90% on a year-on-year basis to Rs 283.6 crore in Q3 FY22. The companys operating margin stood at 24.6% as of 31 December 2021 as compared to 28.79% on 30 September 2021 and 21.9% on 31 December 2020.
Meanwhile the company announced that its wholly owned subsidiary Trident Global Corp issued 2,81,850 9% Compulsorily Convertible Debentures (CCDs) having Face Value of Rs 600 each aggregating to Rs 16.91 crore to the promoter & promoter group.
Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India.
Shares of Trident were locked in a lower circuit of 5% at Rs 64.60 on Tuesday.
Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
