Trident Reports Q2 Results with Revenue Growth and Income Tax Search Update
Trident Limited announced Q2 FY2026 results with revenue increasing 4.68% to ₹17.90 billion and net profit rising 9.25% to ₹909.00 million. However, EBITDA slightly declined to ₹2.14 billion, with margins compressing to 11.98%. The company invested ₹2,500 million in Trident Global Corp Limited, acquiring a 30.42% stake. An income tax search was conducted at certain company locations. Trident faces challenges from increased export duties to the US and potential tariff impositions on textile imports.

*this image is generated using AI for illustrative purposes only.
Trident Limited , a leading textile manufacturer, has announced its unaudited financial results for the quarter ended September 30, 2025, revealing a mixed performance with revenue growth amid challenges.
Financial Results and Corporate Actions
The Board of Directors approved the standalone and consolidated financial results in a meeting held on November 13, 2025. Key highlights include:
- Q2 revenue rose to ₹17.90 billion, up from ₹17.10 billion in the same period last year, marking a year-over-year growth of 4.68%.
- Consolidated net profit increased to ₹909.00 million from ₹832.00 million in the corresponding quarter of the previous year, representing a growth of 9.25%.
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) slightly declined to ₹2.14 billion from ₹2.20 billion year-over-year.
- EBITDA margin compressed to 11.98% from 13.21% in the previous year.
During the quarter, Trident invested ₹2,500 million in Trident Global Corp Limited (TGCL) through a fresh equity issue, acquiring a 30.42% stake and making TGCL an associate company.
Income Tax Search Proceedings
The company's auditors issued a limited review report with an emphasis of matter regarding an income tax search conducted by the Income Tax Department. The search was carried out at certain company locations, including manufacturing facilities and Indian subsidiaries.
Operational Challenges and Outlook
Trident faces potential challenges from international trade dynamics, particularly:
- Recent increases in export duties to the United States, which may impact its Towel and Sheeting divisions.
- Ongoing monitoring of developments concerning tariff impositions by the US Government on textile imports.
The company is engaging with customers through various pricing strategies to mitigate potential impacts.
Financial Performance Overview
Here's a tabular representation of Trident's Q2 performance:
| Metric | Q2 FY2026 | Q2 FY2025 | YoY Change |
|---|---|---|---|
| Revenue | ₹17.90 billion | ₹17.10 billion | +4.68% |
| Net Profit | ₹909.00 million | ₹832.00 million | +9.25% |
| EBITDA | ₹2.14 billion | ₹2.20 billion | -2.73% |
| EBITDA Margin | 11.98% | 13.21% | -123 bps |
Investors and stakeholders will be closely monitoring how Trident navigates these challenges, including the ongoing income tax proceedings and international trade dynamics, while capitalizing on growth opportunities in the coming quarters.
Historical Stock Returns for Trident
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | +0.32% | -3.46% | -9.47% | -17.82% | +240.37% |











































