Trident shares jump 13% as Q2 profit nearly doubles

Trident Ltd surged as much as 13.4% to an intra-day high of ₹25.18 on the BSE on Tuesday after the textile major reported a sharp rise in quarterly profit and unveiled a major capacity expansion ***** company posted a 93.1% year-on-year jump in consolidated net profit to ₹175.5 crore for the July-September quarter of FY27, against ₹90.9 crore in the year-ago period. Revenue from operations slipped 3.8% to ₹1,719.48 crore. However, operating performance improved significantly, with EBITDA rising 46.5% to ₹313.7 crore and margins expanding 600 basis points to 18%.Alongside the results, Trident’s board gave in-principle approval for a ₹4,650 crore capacity expansion and modernisation programme. The plan includes adding 99,840 spindles at its existing Budhni unit in Madhya Pradesh, setting up a new yarn facility with 1,99,680 spindles at Dhar, modernising older machinery, expanding sheeting capacity with 336 new looms, increasing paper capacity by 28 tonnes per day, and installing a 60 MW hybrid renewable energy project.