Textile giant Trident Ltd saw its net profit dip by 27 per cent in the third quarter of the fiscal year, reaching nearly US $ 9.3 million (Rs. 80 crore) compared to US $ 12.59 million (Rs. 109 crore) in the same period last year. Revenue for the quarter also declined by 9 per cent to US $ 20.00 million (Rs. 1,667 crore).
Revenue from key segments, including yarn and home textiles, remained subdued during the quarter.
Despite the profit decline, Trident emphasized its commitment to sustainability. The company reduced its consolidated debt by US $ 22.92 million (Rs. 191 crore) and invested in renewable energy, including the installation of 16.4MWp of rooftop solar panels.
Trident, a leading player in the towel and bedsheet market in India, continues to focus on environmentally friendly and financially sound business practices.
