TRIDENT

The company's net profit more than doubled from last year on a consolidated basis to ₹133.2 crore from ₹56.6 crore last year. Trident's profitability was aided by a sharp reduction in its finance costs, which fell to ₹2.6 crore at the end of the March quarter, from ₹49 crore during the same quarter last year. Earlier this month, Trident received the final subsidy sanction orders against its expansion projects for yarns and terry towels. Accordingly, it accrued the cumulative interest subsidy income of ₹36.7 crore, which has been netted off with the finance cost during the current quarter, Trident said in its notes to account.