Trade

TRIDENT GROUP SEES NET PROFIT AT RS 112 CR

TRIDENT GROUP SEES NET PROFIT AT RS 112 CR

Punjab-based textile player Trident Ltd on Monday reported 200% surge in consolidated net profit at Rs. 112 crore for the quarter ending 31 December, 2020.

It was Rs.37 crore in the year-ago period.

Consolidated revenue from operations rose 20% to Rs.1,303 crore as against Rs. 1,082 crore in December 2019.

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.

Earlier this month, Trident Limited said that it has been granted patent for “Fabric and Method of Manufacturing Fabric by European Patent office.

The patent relates to “method of producing a fabric by subjecting the fabric to a special treatment, thereby obtaining increased air space in the resultant fabric.”

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