Trident Limited has informed the Exchange regarding Outcome of Board Meeting held on May 19, 2026.
TRIDENT · price
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On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Trident Limited reported audited financial results for FY26 ending March 31, 2026. Standalone revenue declined to ₹66,811.6 million from ₹69,658.9 million in FY25 (approximately 4% YoY decline). However, standalone net profit improved to ₹3,760.6 million from ₹3,668.3 million in the prior year, with EPS at ₹0.74. The board declared a 1st interim dividend of ₹0.50 per share (50%) for FY27, with record date May 23, 2026. The company plans to raise up to ₹500 crore via Non-Convertible Debentures. Additionally, the board decided not to proceed with establishing a domestic wholly owned subsidiary, citing it is presently not required. Mr. Deepak Nanda was reappointed as Managing Director for 3 years from September 5, 2026. Auditors S.R. Batliboi & Co. LLP issued clean opinions on both standalone and consolidated financial statements with no qualifications.
The revenue decline of ~4% YoY is a concern, though the company maintained profit growth. The ₹500 crore NCD issuance could increase debt levels. The clean auditor opinion and dividend declaration provide some stability for shareholders, but the revenue contraction in a challenging textile market warrants monitoring.