Trident Limited Q3 FY23 profit after tax down by 32% to Rs 1.4bn

Trident Limited has reported a profit after tax (PAT) of INR 1,420 million for the third quarter of the fiscal year 2023 (Q3 FY23), a decrease of 32.1% compared to INR 2,091 million in the same quarter of the previous fiscal year.

The Indian textile and paper manufacturer, which is part of the Trident Group, had a profit after tax of INR 397 million in Q2 FY23.

The earnings per share (EPS) of the reported quarter ended 31 December 2022 were INR 0.28, a decline of 33.3% compared to an EPS of INR 0.42 in Q3 FY22.

Trident Limited earned a total income of INR 16,247 million in Q3 FY23, a 17.2% decrease compared to INR 19,611 million in the same quarter of the fiscal year 2022.

Earlier, Trident Limited announced an investment of INR 22,700 million for capacity addition in yarn, towel, bedsheets, and chemical business for which the projects are under various development and implementation stages.