Trident January-March Net Profit Doubles On Year; 2024-25 Profit Down 6%

Trident Ltd.'s net profit for the March quarter jumped 2x on year to ₹1.32 billion, aided by strong revenue growth and a sharp drop in finance costs. Revenue rose nearly 11% on year to ₹18.59 billion. On a sequential basis, profit surged over 69% and revenue was up almost 12%.

Total expenditure during the quarter rose to ₹17.08 billion from ₹16.15 billion a year ago. However, finance costs plummeted 95% on year to just ₹24.2 million. Other income declined to ₹182.1 million from ₹205.7 million a year earlier. The company's tax outgo for the quarter increased to ₹381.7 million from ₹199.4 million.

For 2024-25, Trident's net profit slipped nearly 6% on year to ₹3.67 billion, while revenue grew a little over 3% to ₹69.66 billion.
The company declared an interim dividend of ₹0.50 per share.