Board approves 1st Interim Dividend for FY 2025-26
Awaiting price reaction for this filing.
Trident Limited's Board has approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, alongside declaring a 1st Interim Dividend of INR 0.50 per share (50% on face value of INR 1) for FY 2025-26. Record date is fixed as May 27, 2025. For FY25 on a standalone basis, revenue from operations grew 3.5% to INR 69,658.9 million, but net profit after tax dipped 5.8% to INR 3,668.3 million. On a consolidated basis, revenue rose 2.6% to INR 69,870.8 million and net profit grew 5.9% to INR 3,707.3 million. The auditor has included an Emphasis of Matter on a Section 132 Income Tax search conducted at the company's premises, though the opinion remains unmodified.
The INR 0.50 interim dividend offers a decent yield signal for shareholders. Results are mixed - strong revenue growth in yarn and towel segments but standalone PAT softness due to higher other expenses and a prior-year exceptional item base. The Income Tax search disclosure is a watch item that may create short-term uncertainty, though it is not qualified as a concern by auditors.