Trident Limited announced its Q2FY26 results, reporting revenue of INR 1803 Crore and EBITDA of 12.85%. The company reduced net debt by INR 32 Crore QoQ and maintained an annualized Net Debt/EBITDA (H1) at 0.78 times. The company continues focusing on volume growth, value-added products, and strengthening its domestic market position.
Financial Performance Highlights
Trident Limited reported its financial results for the second quarter of financial year FY26, ended September 30, 2025. Key highlights include:
- Revenue: INR 1803 Crore
- EBITDA: INR 232 Crore at 12.85%
- Free Cash Flow: INR 281 Crore for Q2FY26
- Net Debt Reduction: INR 32 Crore QoQ
- Annualized Net Debt/EBITDA (H1): Maintained at 0.78 times
Key Financial Figures for Q2FY26
The consolidated financial results show the following:
- Consolidated Revenue: Stood at INR 1803 Crore.
- Consolidated EBIDTA: Stood at INR 232 Crore at 12.85%, compared to 13.78% YoY.
- Consolidated Net Profit: Stood at INR 91 Crore at 5.04%, compared to 4.83% YoY.
- Net Debt: Stood at INR 847 Crore as of September 30, 2025, compared to INR 879 Crore as of June 30, 2025.
Business Segment Performance
Performance across key business segments:
- Yarn business: Consolidated revenue at INR 924 Crore for Q2FY26.
- Home Textile business: Consolidated revenue at INR 983 Crore for Q2FY26.
- Paper and Chemicals business: Consolidated revenue at INR 247 Crore for Q2FY26.
Management Commentary
Mr. Deepak Nanda, Managing Director, Trident Limited, commented that the company showcased quarter-on-quarter revenue growth amidst challenging macroeconomic conditions. He highlighted the strengthened balance sheet through debt reduction and a healthy Debt Equity Ratio of 0.18. The Current Ratio stands at 1.61.
Consolidated Financial Results
| Particulars | Q2FY26 | Q1FY26 | QoQ Change | Q2FY25 | YoY Change |
|---|---|---|---|---|---|
| Total Income | 1803 | 1727 | 4.42% | 1724 | 4.58% |
| EBITDA | 232 | 312 | (25.71%) | 238 | (2.50%) |
| EBITDA % | 12.85% | 18.06% | (521bps) | 13.78% | (93bps) |
| Depreciation | 83 | 93 | (10.68%) | 92 | (10.10%) |
| Finance Cost | 25 | 31 | (20.68%) | 46 | (46.41%) |
| PBT | 124 | 188 | (33.97%) | 99 | 25.13% |
| PBT % | 6.87% | 10.87% | (400bps) | 5.75% | 113bps |
| Net Profit | 91 | 140 | (35.03%) | 83 | 9.14% |
| Cash Profit | 174 | 233 | (25.30%) | 176 | (0.97%) |
| EPS (Rs.) | 0.18 | 0.27 | (35.03%) | 0.17 | 6.45% |
Source: BSE