Trident Ltd Q3 shoots over 3-fold to Rs 50.9 cr

Trident Ltd today reported over three-fold jump in profit after tax (PAT) to Rs 50.9 crore during third quarter ended December 31.
The flagship company of USD 1 billion Trident Group had posted profit after tax of Rs 14.2 crore in corresponding period of last fiscal.
"Greater economies of scale arising from balanced growth across all our business lines coupled with an improving product mix has led to margin expansion. The outlook remains strong due to a vastly improved macro-economic scenario for the textile industry," said Rajinder Gupta, Chairman of Trident Limited in a statement issued here today.
The topline of the company rose by 23.2 per cent to Rs 1,020.9 crore during third quarter as against turnover of Rs 828.4 crore in corresponding period of last fiscal.

Company's yarn segment's revenue jumped to Rs 489.5 crore as compared to Rs. 431.8 crore in the corresponding quarter, up 13.4 per cent, company release said.
The sale from terry towel segment of the company touched Rs 412 crore mark in third quarter compared to Rs 307.3 crore in corresponding period.
The revenues of Paper & Chemicals Division rose by 21 per cent at Rs 215.4 crore as compared to Rs 177.9 crore in Q3 of 2012-13.