Trident Limited reported its financial results for the third quarter and nine months ended December 31, 2025. The company achieved consolidated revenue of INR 1,595 Crore for Q3FY26, though 9MFY26 revenue slightly dipped to INR 5,125 Crore. A key highlight is the 5.4% growth in 9MFY26 PAT to INR 275 Crore, coupled with a QoQ reduction in Net Debt by INR 32 Crore. Management remains optimistic regarding U.S. tariff revisions and the UK FTA.
Trident Limited Q3/9M FY26 Financial Snapshot
Trident Limited announced its financial performance covering the third quarter (Q3FY26) and the nine months ending December 31, 2025. The company emphasized strengthening its balance sheet while navigating market conditions.
Nine Months Ended FY26 (9MFY26) Highlights:
- 9MFY26 Revenue stood at INR 5,125 Crore, marginally lower than INR 5,164 Crore in 9MFY25.
- 9MFY26 Profit After Tax (PAT) increased by 5.4% to INR 275 Crore (compared to INR 237 Crore in 9MFY25).
- Annualized Net Debt/EBITDA remained stable at 0.88 times.
- Annualized Net Debt/EQUITY was maintained at 0.17 times.
- Net Debt was further reduced by INR 32 Crore Quarter-over-Quarter (QoQ).
Quarterly Financial Highlights (Q3FY26):
- Consolidated Revenue for Q3FY26 was INR 1,595 Crore, a 5.20% YoY decrease from INR 1,682 Crore in Q3FY25.
- Consolidated EBITDA stood at INR 159 Crore, reflecting a margin of 9.99% (down from 13.61% YoY).
- Consolidated Net Profit for the quarter was INR 44 Crore, marking a 44.77% YoY decline from INR 80 Crore in Q3FY25.
- Net Debt reduced QoQ to INR 815 Crore as of December 31, 2025, down from INR 847 Crore on September 30, 2025.
Consolidated Performance Comparison (Q3FY26 vs Q3FY25)
The following table details the performance comparison based on consolidated figures:
| Particulars | Q3FY26 | Q3FY25 | YoY Change |
|---|---|---|---|
| Total Income | 1,595 | 1,682 | (5.20%) |
| EBITDA | 159 | 229 | (30.46%) |
| EBITDA % | 9.99% | 13.61% | (363bps) |
| Net Profit | 44 | 80 | (44.77%) |
| EPS (Rs.) | 0.09 | 0.15 | (41.46%) |
Segmental Revenue Snapshot (Q3FY26)
Trident’s business performance across its three major segments for the quarter:
- Yarn business consolidated revenue: INR 848 Crore.
- Home Textile business consolidated revenue: INR 827 Crore.
- Paper and Chemicals business consolidated revenue: INR 236 Crore.
Management Outlook
Mr. Deepak Nanda, Managing Director, highlighted the successful delivery of INR 1,595 crore in consolidated revenue for the quarter, alongside the continued focus on debt reduction to improve the debt-equity ratio. He noted that recent revisions in U.S. tariff structures are expected to positively impact overall performance. Furthermore, the UK FTA is anticipated to boost market penetration across global customer segments, reinforcing confidence in value creation through disciplined capital allocation.
Source: BSE
