Trident declined 2.79% to Rs 41.85 after the firm announced production update for May 2022.
In the home textile division, production of bath linen slumped 34.32% to 3,364 metric tonnes (MT) in May 2022 as against 5,122 MT posted in May 2021. Production of bed linen declined 6.25% to 2.85 million metres (MM) in May 2022 from 3.04 MM recorded in May 2021. Production of yarn slipped 10.86% to 9,191 MT in May 2022 over 10,311 MT reported in May 2021.
In paper & chemicals division, production of paper jumped 14.34% to 14,372 MT in May 2022 compared with 12,569 MT in May 2021. Production of chemicals fell 1.36% to 8,923 MT in May 2022 as against 9,046 MT in May 2021.
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.
The company reported a 137.1% jump in consolidated net profit to Rs 181.25 crore on a 39% rise in revenue from operations to Rs 1,869.85 crore in Q4 FY22 over Q4 FY21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app