Notably, EBITDA surged 18.12 per cent QoQ to ₹312 crore, with an EBITDA margin of 18.06 per cent—an improvement of 404 basis points (bps) over the previous quarter.
Depreciation stood at ₹93 crore, a marginal increase from ₹90 crore last quarter. Finance costs amounted to ₹31 crore, down 32.65 per cent YoY. Profit before tax (PBT) came in at ₹188 crore (~$22.56 million), up 9.32 per cent QoQ and 84.06 per cent YoY, while net profit reached ₹140 crore (~$16.8 million), reflecting a 4.89 per cent QoQ and a significant 89.39 per cent YoY increase, Trident said in a press release.
The cash profit stood at ₹233 crore, rising 4.28 per cent QoQ and 40.54 per cent YoY. Earnings per share (EPS) improved to ₹0.27 from ₹0.25 in Q4 FY25 and ₹0.15 in Q1 FY25, recording a YoY growth of 83.19 per cent.
The company’s free cash flow for Q1 FY26 stood at ₹234 crore (~$28.08 million), while net debt reduced by ₹31 crore QoQ to ₹879 crore, despite a dividend payout of ₹254 crore in May 2025. The annualised net debt/EBITDA ratio improved to 0.71 from 0.95.
Segment-wise performance, Home Textiles division led the way in Q1 FY26 with a revenue of ₹948 crore. The Yarn business contributed ₹902 crore. Meanwhile, the Paper and Chemicals segment recorded ₹260 crore in revenue.
“As we reflect on Trident Limited’s Q1FY26 results, it's evident that amidst challenging macroeconomic conditions, our company has showcased quarter-on-quarter growth in terms of profitability, we have further strengthened our balance sheet by reducing net debt by 31 Crore and sustaining our Debt Equity Ratio at 0.35,” said Deepak Nanda, managing director, Trident Limited. “Furthermore, our financial health has been reinforced through sustaining the Current Ratio at 1.87 from 1.98 on a QoQ basis, despite economic challenges and international fluctuation.”
“Our focus on innovative product pipelines aligned with evolving consumer preferences, combined with positive tailwinds from recent US tariff revisions and new FTA between India and UK, positions us favourably to capitalise on emerging opportunities as we maintain our commitment to sustainable growth and operational excellence,” added Nanda. “Going forward, we shall continue focusing on improving our volumes, value added products and ESG. With this foundation, Trident Limited stands poised to continue its journey of sustainable growth and innovation in the ensuing period.”
ALCHEMPro News Desk (SG)
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