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Performance of top Indian textile firms in September 2023 quarter

04 Feb '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • India's textile firms had mixed results in Q3 2023.
  • Trident Ltd's revenue jumped to ₹****.** crore with net profit at ₹**.** crore.
  • Lux Industries saw a slight revenue increase but lower net profit at ₹**.** crore.
  • Vardhman Textiles' revenue dipped to ₹****.** crore, net profit at ₹**.** crore.
  • Welspun Living's revenue rose to ₹****.** crore.

Trident Ltd&#**;s strong growth

Trident Ltd, a leading firm engaged in manufacturing, trading, and selling textiles, reported a notable increase in its revenue in September **** quarter, reaching &#****;*,***.** crore, up from &#****;*,***.** crore in September **** quarter. The company&#**;s total income also rose to &#****;*,***.** crore from &#****;*,***.** crore. A significant jump was seen in its net profit, which surged to &#****;***.** crore, compared to &#****;**.** crore in the previous year. Earnings per share (EPS) increased to &#****;*.** from &#****;*.**, and the operating profit margin (OPM) improved to **.** per cent from **.** per cent. The net profit margin (NPM) also rose to *.** per cent from *.** per cent.

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