Trident Shares Rally 13% After Q2 Profit Rises 93%

Trident shares rallied as much as 13.42% to an intraday high of Rs 25.19 on the NSE on Tuesday, 3 November, after the company reported September quarter (Q2 FY27) results and its board approved a Rs 4,650 crore capacity expansion project. Consolidated net profit rose 93.1% year on year to Rs 175.58 crore from Rs 90.93 crore. Revenue from operations fell 3.78% to Rs 1,719.48 crore from Rs 1,787.17 crore, as towel revenue fell 21.11% to Rs 570.75 crore. Yarn revenue rose 10.32% to Rs 1,018.96 crore, bedsheet revenue rose 19.2% to Rs 311.36 crore, and paper and chemicals revenue rose 16.6% to Rs 287.9 crore. EBITDA rose 46.5% to Rs 314 crore from Rs 214 crore, and EBITDA margin expanded 600 basis points to 18% from 12%. The expansion plan includes adding 99,840 spindles at the Budhni yarn facility in Madhya Pradesh and a new yarn facility at Dhar with 1,99,680 spindles. It also adds 336 looms in sheeting, 28 TPD of paper capacity and a hybrid renewable energy project. Around 11:33 AM the stock traded 9.19% higher at Rs 24.25. It touched a 52-week low of Rs 20.15 on 23 October and a 52-week high of Rs 30.94 on 3 February 2026. Market cap is Rs 12,367.88 crore. Profit grew sharply even though revenue declined, so investors will watch whether towel revenue recovers and the 18% EBITDA margin holds. Disclaimer: The views expressed purely for educational and informational purposes and do not constitute financial advice or a recommendation to buy, sell, or hold any security.