Trident’s net revenue for the three months ended June 30, 2016, zoomed 31.6 per cent year over year. Trident is India’s leading home textiles producer. High traction was achieved in the home textiles segment as a result of sustained focus and efforts on marketing, designing and product innovation.
EBITDA too rose higher, at 24.1 per cent, to Rs. 247.1 crores in the first quarter of fiscal 2016-17 from Rs 199.1 crores in the comparable quarter of the prior fiscal. The home textiles manufacturer was able to reduce finance costs by 6.4 per cent. Healthy free cash flow generation led to prepayment of high cost debt at Rs 53.6 crores, while better working capital utilisation and the interest equalisation scheme reduced interest costs.
Profit after tax for the quarter under review amounted to Rs 78.5 crores, up 26.1 per cent vis-à-vis Rs 62.2 crores in the fiscal ago quarter. Incorporated in 1990, the company exports to over 100 countries. It’s the world's largest manufacturer of terry towels and has business interests in home textiles, yarn, paper and chemicals and energy.
Trident offers a variety of brands of terry towels and bed linen. It has the world’s largest terry towel plant, which is in Madhya Pradesh.
