Trident Q2 FY27 Results: Consolidated Net Profit ₹176 Crore on Total Income of ₹1,737 Crore
- Earnings
- Textiles
Reviewed byKeshav SehgalBlacklitt Research
Trident (NSE: TRIDENT) reported consolidated total income of ₹1,737.06 crore and net profit of ₹175.58 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹1,734.74 crore and net profit of ₹170.63 crore, it said in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,737.06 crore, down 3.7% YoY and 3.7% QoQ
- Net profit and EPS: ₹175.58 crore, up 93.1% YoY; basic EPS ₹0.34
- Finance costs: ₹32.53 crore, up 30.9% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,734.74 crore, down 3.8% YoY and 3.5% QoQ
- Net profit and EPS: ₹170.63 crore, up 84.6% YoY; basic EPS ₹0.33
- Finance costs: ₹32.36 crore, up 31.1% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,737.06 | 1,803.24 | -3.7% | 1,803.22 | -3.7% | |
| Revenue from operations | 1,719.48 | 1,787.17 | -3.8% | 1,786.83 | -3.8% |
| Other income | 17.58 | 16.07 | +9.4% | 16.39 | +7.3% |
| 175.58 | 90.93 | +93.1% | 158.09 | +11.1% | |
| Profit before tax | 232.49 | 123.96 | +87.6% | 216.25 | +7.5% |
| Finance costs | 32.53 | 24.86 | +30.9% | 29.99 | +8.5% |
| Depreciation | 71.52 | 82.88 | -13.7% | 70.19 | +1.9% |
| Tax expense | 56.92 | 33.03 | +72.3% | 58.16 | -2.1% |
| Net profit margin | 10.11% | 5.04% | +5.07 pp | 8.77% | +1.34 pp |
| EPS, basic (₹) | 0.34 | 0.18 | +88.9% | 0.31 | +9.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew far faster than income in the quarter. Net profit rose 93.1% YoY to ₹175.58 crore while total income fell 3.7% to ₹1,737.06 crore, and profit before tax rose 87.6% to ₹232.49 crore.
Other income of ₹17.58 crore is 1.0% of total income, so the revenue from operations of ₹1,719.48 crore, down 3.8% YoY, carries nearly all of the quarter's income. Finance costs of ₹32.53 crore are 1.9% of total income, up 30.9% YoY.
Tax expense of ₹56.92 crore is 24.5% of profit before tax of ₹232.49 crore, up 72.3% YoY. Depreciation fell 13.7% to ₹71.52 crore from the year-ago quarter, which the table shows but the filing does not explain.
The filing lists a new subsidiary, Trident Global Industries Limited, incorporated on 17 Aug 2026 and consolidated from that date. Ind AS 19 past service cost of INR 44.9 million from the new Labour Codes was recognised in the year ended 31 Mar 2026.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,734.74 | 1,803.46 | -3.8% | 1,797.14 | -3.5% | |
| Revenue from operations | 1,716.99 | 1,785.17 | -3.8% | 1,781.68 | -3.6% |
| Other income | 17.75 | 18.29 | -3.0% | 15.46 | +14.8% |
| 170.63 | 92.41 | +84.6% | 152.93 | +11.6% | |
| Profit before tax | 227.22 | 125.25 | +81.4% | 209.20 | +8.6% |
| Finance costs | 32.36 | 24.68 | +31.1% | 29.81 | +8.6% |
| Depreciation | 70.24 | 81.78 | -14.1% | 68.95 | +1.9% |
| Tax expense | 56.59 | 32.84 | +72.3% | 56.27 | +0.6% |
| Net profit margin | 9.84% | 5.12% | +4.71 pp | 8.51% | +1.33 pp |
| EPS, basic (₹) | 0.33 | 0.18 | +83.3% | 0.30 | +10.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 84.6% YoY to ₹170.63 crore on total income of ₹1,734.74 crore, down 3.8%. Profit before tax rose 81.4% to ₹227.22 crore.
Consolidated net profit is ₹4.95 crore higher than standalone. Other income of ₹17.75 crore is 1.0% of standalone total income, and tax expense of ₹56.59 crore is 24.9% of profit before tax.
Standalone depreciation fell 14.1% YoY to ₹70.24 crore, and finance costs rose 31.1% to ₹32.36 crore.
Inference
The Board in principle approved a capacity expansion and modernisation project of INR 4,650 crore across business segments, including a new yarn facility at Dhar, Madhya Pradesh, on 179.2 acres of leasehold land acquired at about ₹106.09 crore. The company says the project is in principle approval; the filing does not give the funding source, the timeline or commissioning dates.
The filing says the standalone dividend paid in the half year ended 30 Sep 2026 was INR 2,547.8 million. It does not say why standalone revenue fell against the year-ago quarter, or why the tax charge rose.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
