Trident Ltd announces 36pc dividend

Ludhiana, October 22, 2021: Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter ended September 30, 2021. The Company recorded  Highest ever quarterly revenue achieved in Q2 FY22 amounting to INR 16,726.7 million, Highest ever quarterly EBITDA of INR 4129.2 million, with EBITDA Margin of 24.7% in Q2 FY22, Highest ever quarterly Profit after Tax of INR 2288 million in Q2 FY22 with continuous growing PAT Margin of 13.7% . Further the Net debt has been exceptionally reduced to INR 10453.9 million i.e.,15.1% reduction Q-o-Q. The Company also announced a 36% dividend (INR 0.36/-per fully paid up Equity Share of Re. 1/- each) for its Shareholders with October 29, 2021 as record date.
Financial & Business Highlights:
•        Total Revenue in Q2 FY22 stood at INR 16,726.7million compared to INR 11,744.3 million in Q2FY21
•        EBIDTA for Q2FY22 stood at INR 4129.2 million which translates into 24.7% margin.
•        Profit after tax for the Q2 FY22 is INR 2288 million with PAT margin of 13.7%
•        Net Debt reduced in Q2 FY22 to reach level of INR 10453.9 million as compared to INR 12319.8 million as on 30stJune 2021; Net Debt to Equity ratio stood at0.29x
•        Textile Segment Revenue stood at INR 14,067.4 million in Q2 FY22 compared to INR 9907.6 million in Q2FY21. EBIT for the segment increased to INR 2976.7 million as compared to INR 1149.3 million in Q2 FY21.
•        Paper Segment Revenue stood at INR 2559.7 million in Q2 FY22 as compared to INR 1809.3 million in Q2 FY21.  EBIT for the segment during the period stands at INR 612.2 million as compared to INR 489.4 million in Q2FY21.
36% dividend announced for Shareholders
Trident Limited has announced a 36% dividend (INR 0.36/-per fully paid-up Equity Share of Re. 1/- each) for its Shareholders with October 29, 2021 as record date.
Trident has been frontrunner in rewarding its Shareholders by paying a steady dividend payout to its Shareholders for the last five years and has maintained dividend payouts above 50% for the last two consecutive years. The Company believes in inclusive growth and sharing its profits with its Shareholders in the form of dividends.
Recent Expansion:
•        Trident Limited began commercial production of yarn in a new spinning unit with a capacity of 61,440 spindles and 480 rotors on 27th July 2021.
•        The company has launched its new e-commerce website to enhance its domestic market presence.
•        The company has recently commissioned a solar power plant at its manufacturing facility located at Budhni, MP as a step towards sustainability.
Commenting on the performance, Mr. 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. The company is committed to embark inclusive growth for all its stakeholders and continue to excel in future.”