Trident Reports Strong Financial Growth Amid Rising Interest Costs and Non-Operating Income Concerns

Trident, a midcap player in the Garments & Apparels industry, has reported its financial results for the quarter ending June 2025, revealing notable developments in its performance metrics. The company has experienced a significant rise in Profit Before Tax less Other Income (PBT), which reached Rs 167.73 crore, reflecting a year-on-year growth of 92.53%. Similarly, Profit After Tax (PAT) also showed strong performance, amounting to Rs 139.96 crore, marking an 89.8% increase compared to the previous year.
Operating Profit (PBDIT) reached its highest level in the last five quarters at Rs 291.86 crore, indicating a positive trend in operational efficiency, with the Operating Profit Margin peaking at 17.10%. Additionally, Earnings per Share (EPS) hit Rs 0.27, showcasing enhanced profitability for shareholders.

On the liquidity front, Trident reported its highest cash and cash equivalents at Rs 681.25 crore over the last six half-yearly periods, suggesting improved short-term liquidity. The Debtors Turnover Ratio also reached a high of 23.47 times, indicating efficient management of receivables.

However, the company faced challenges with interest costs, which surged significantly, and an increase in non-operating income, raising questions about sustainability. Overall, Trident's financial results reflect a mix of strong operational performance and emerging concerns.

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