Trident Limited has informed the Exchange regarding Outcome of Board Meeting held on July 24, 2025.
TRIDENT · price
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Trident Limited's board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone and consolidated financial results. Standalone revenue from operations was INR 17,002.3 million, down about 2% from INR 17,346.9 million in Q1 FY25. However, net profit after tax jumped nearly 89% to INR 1,393.6 million (from INR 735.9 million), and EPS rose to INR 0.27 from INR 0.15, helped by lower finance costs and a deferred tax reversal. The board also approved raising up to INR 500 crore through Non-Convertible Debentures (NCDs) via public or private placement in one or more tranches, subject to shareholder approval. An interim dividend of INR 0.50 per share (50%) was already paid during the quarter. The auditor S.R. Batliboi & Co. LLP issued an unmodified opinion but flagged an Emphasis of Matter on the October 2023 income tax search under Section 132.
Strong profit growth despite a slight revenue dip is positive for shareholders, showing better cost control and lower interest burden, and the 50% interim dividend adds to near-term returns. However, the planned INR 500 crore NCD raise signals fresh debt, and the ongoing income tax search with assessment orders under appeal remains a key overhang to monitor.