Trident Limited , a leading player in the Indian textile industry, has reported strong financial results for the first quarter, coinciding with a broader rally in the textile sector following the India-UK Free Trade Agreement.

Q1 Financial Highlights

Trident Limited's unaudited consolidated financial results for the quarter showcase a solid performance:

• Revenue from operations stood at INR 17,068.90 crore, compared to INR 17,427.10 crore in the same quarter last year.
• Net profit after tax increased to INR 1,399.60 crore, up from INR 738.90 crore in the previous year's corresponding quarter, marking a significant year-on-year growth of 89.40%.
• Earnings per share (EPS) improved to INR 0.27, compared to INR 0.15 in the corresponding quarter of the previous year.

Segment-wise Performance

The company's segment-wise revenue for the quarter is as follows:

India-UK FTA Impact on Textile Sector

The announcement of the India-UK Free Trade Agreement has had a positive impact on the Indian textile sector, including Trident Limited. Key points of the agreement include:

• Elimination of 10-12% tariffs on Indian textile and apparel exports to the UK.
• Removal of duties that previously disadvantaged Indian exporters compared to competitors from Bangladesh, Pakistan, and Cambodia.
• The textile sector covers 1,143 tariff lines under the zero-duty arrangement, representing 11.70% of the agreement's scope.

Market Response and Future Outlook

• Indian textile stocks, including Trident, have seen significant gains, with some stocks surging up to 6%.
• The FTA is projected to boost bilateral trade from $60 billion to $120 billion by 2030.
• Analysts project that Indian textile exports to the UK could double over the next five to six years with an anticipated 11% CAGR.
• India expects to capture at least 5% additional UK market share within one to two years.

Corporate Updates

• The Board of Directors has declared and paid an interim dividend of 50% (INR 0.50 per Equity Share of INR 1 each) for the quarter.
• Trident Limited has approved raising funds not exceeding INR 500 crore through the issue of Non-Convertible Debentures, subject to shareholder approval.
• The company divested its entire shareholding in Trident Home Textiles Limited, a wholly-owned subsidiary, to Lotus Home Textiles Limited for INR 10.69 crore on June 17, 2025.

Trident Limited's strong quarterly performance, coupled with the positive impact of the India-UK FTA on the textile sector, positions the company well for continued growth in the coming quarters. The elimination of tariffs and the potential for increased market share in the UK present significant opportunities for Trident and other Indian textile exporters.

Trident Limited (NSE: TRIDENT) witnessed significant trading activity on the National Stock Exchange (NSE) as a block deal involving approximately 3,119,677 shares was executed. The transaction, valued at Rs 10.23 crore, took place at the market opening with shares trading at Rs 32.79 per share.

Block Deal Details

The block trade, which involves a large number of shares being bought or sold in a single transaction, often indicates a change in ownership among institutional investors or large shareholders. While the identities of the buyers and sellers in this particular deal were not disclosed, such transactions can sometimes signal shifts in investor sentiment or strategic moves by major stakeholders.

Recent Corporate Developments

In related news, Trident Limited recently held a board meeting on July 24, where several key decisions were made:

1. Financial Results: The board approved the unaudited financial results for the quarter ended June 30, for both standalone and consolidated operations.

2. Fundraising Plans: The company announced plans to raise funds not exceeding Rs 500.00 crore through the issuance of Non-Convertible Debentures. This will be done via public or private offering in one or more tranches, subject to shareholder approval.

Financial Performance Highlights

While the block deal is the primary focus, it's worth noting some key financial metrics from Trident's recent quarterly results:

• Revenue from Operations: Rs 17,002.30 million
• Net Profit After Tax: Rs 1,393.60 million
• Earnings Per Share (EPS): Rs 0.27 (not annualized)

Segment-wise Performance

Trident operates in multiple segments, with the following revenue breakdown:

The company continues to maintain a diverse product portfolio, with yarn being the largest contributor to its revenue.

Conclusion

The block deal of Trident shares on the NSE represents a significant transaction in the company's stock. While such deals can sometimes impact short-term stock price movements, investors and analysts will likely be watching closely to see if this transaction leads to any notable changes in the company's ownership structure or future performance.

As Trident moves forward with its plans for fundraising and continues to navigate the textile and paper markets, stakeholders will be keen to observe how these developments influence the company's growth trajectory in the coming quarters.