After Trident’s net profit slumped at 82.7 per cent to Rs 39.66 crore on a 14.6 per cent decrease in revenue from operations to Rs 1,419.17 crore in the second quarter of FY23 over in the second quarter of  FY22. So, the company’s slipped 5.23 per cent to Rs 35.30. PBT dropped 83.5 per cent to Rs 50.61 crore in the second quarter of FY23 compared to Rs 306.33 crore recorded in the second quarter of FY22.

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EBITDA dropped by 64.2 per cent to Rs 147.7 crore in the second quarter of  FY23 from Rs 412.9 crore posted in the second quarter of  FY22. EBITDA margin declined to 10.4 per cent in the second quarter of FY23 compared to 24.7 per cent in the second quarter of FY22.

On a consolidated basis, the company’s net profit slips at 84.1 per cent to Rs 35.30 crore on a 15 per cent fall in net sales to Rs 1,437.67 crore in the second quarter of FY23 over the second quarter of FY22. The company has made announced Capex worth Rs 1,377 in 2021. The company operates in two major business segments: textiles and paper, with its manufacturing facilities located in Punjab and Madhya Pradesh.