Trident

Textiles major Trident Group plans to invest Rs 3,000 crore in Madhya Pradesh to expand its operations in the state resulting in 3,000 new jobs, its Chairman Rajinder Gupta said on Monday. The Ludhiana-based vertically integrated textiles firm currently has operations involving sourcing cotton to produce finished goods in the state, it said in a regulatory filing. "We ventured into Madhya Pradesh a few years ago and invested Rs 5,000 crore. Today, our finished products from Madhya Pradesh are exported to 122 countries, with demand continually rising," Gupta said while speaking at the Madhya Pradesh Regional Industry Conclave. Looking ahead, Gupta said the group "plans to invest an additional Rs 3,000 crore in the state's textile sector which will expand employment opportunities here at Trident Group from the current 12,000 to over 15,000". He further said, "We are committed to ensuring that the benefits of our operations stay within Madhya Pradesh, from sourcing cotton to producing

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Textiles firm Trident Ltd on Wednesday reported a 19.1 per cent decline in its consolidated profit after tax to Rs 73.89 crore for the first quarter of FY25. The company had posted a consolidated profit after tax of Rs 91.34 crore in the April-June quarter a year ago, according to a regulatory filing from Trident. However, its revenue from operations increased 16.66 per cent to Rs 1,742.71 crore in the June quarter. It was Rs 1,493.71 crore a year ago. The total expenses in the June quarter rose 19.7 per cent to Rs 1,655.59 crore. Its revenue from the Yarn business was Rs 960.70 crore and Rs 615.34 crore from the towel business. Trident's revenue from the Bedsheets segment was Rs 357.84 crore, and Rs 248.38 crore from paper and chemicals. Its total income stood at Rs 1,757.58 crore in the June quarter, up 16.77 per cent. It was Rs 1,505.08 crore a year earlier. Shares of Trident Ltd on Wednesday settled at Rs 37.44 on BSE, up 1.22 per cent.

Trident Home Textiles, the wholly owned subsidiary of Trident, made further investment in its wholly owned subsidiary namely Trident Global BV

Trident's net profit declined 54.8 per cent to Rs 59 crore in Q4 of financial year 2024, from Rs 130.6 crore in the same quarter a year ago (Q4FY23)

In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore

Trident Realty on Sunday said it will invest Rs 700 crore to develop more than 400 luxury independent floors in Panchkula. Delhi-based Trident Realty is developing a 200-acre township Trident Hills at Panchkula. In the township, the company has launched 412 independent floors project 'Windsong Residences'. Trident Realty is planning to invest Rs 700 crore for the construction of 412 units of low-rise premium independent floors, the company said in a statement. Each independent floor shall be constructed on 360 and 545 square yard plot area with a starting price of Rs 2.22 crore. The company expects revenue of Rs 1,000 crore from the sales of independent floors, the statement said. S K Narvar, Group Chairman, Trident Realty, said, "We are confident of our expansion plans as we have an impressive pipeline of launches ahead. Trident Realty has a presence in Delhi-NCR, Mumbai Metropolitan Region and Tri-City (Chandigarh), with its footprints across housing, retail, office and hospit

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Total income for Q1FY24 came in at Rs 1,550 crore, down from Rs 1,685 crore year-on-year

Realty major DLF on Monday said it will invest Rs 400 crore as equity to develop a real estate project, comprising 35 lakh sq ft of estimated saleable area, in Mumbai in partnership with NCR-based builder Trident group. The company plans to launch the first phase of the Mumbai project, comprising 9 lakh square feet of residential space, by the end of this fiscal year. On Friday, DLF, which clocked record sales bookings of Rs 15,058 crore in the last fiscal year, announced its entry into the Mumbai property market. "We reflected for a long before re-entering Mumbai real estate market...We are investing Rs 400 crore as equity for the entire project that has a potential saleable area of 3-3.5 million square feet," DLF CEO Ashok Tyagi told analysts. He said the DLF will hold a 51 per cent stake in the special purpose vehicle (SPV) which will develop this project. The remaining 49 per cent will be with Trident Group. This is a Slum Rehabilitation Authority (SRA) project. Tyagi said thi

A smoke was reported at Hotel Trident Nariman Point in Mumbai, on Sunday

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Trident Ltd on Wednesday reported a 27.91 per cent decline in consolidated net profit to Rs 130.66 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 181.25 crore in the January-March period a year ago, Trident said in a BSE filing. Its revenue from operations slipped 15.86 per cent to Rs 1,573.25 crore against Rs 1,869.85 crore in the corresponding quarter last fiscal. Trident's total expenses fell 13.76 per cent to Rs 1,407.45 crore in the March quarter. Its total income declined 15.75 per cent to Rs 1,580.33 crore in Q4 FY23. For the fiscal ended March 2023, Trident's net profit fell 47 per cent to Rs 441.61 crore. It reported a net profit of Rs 833.75 crore in FY22. Its consolidated revenue from operations dipped 9.5 per cent to Rs 6,332.26 crore in FY23. Meanwhile, in a separate filing Trident informed its board in a meeting held on Wednesday declared its first interim dividend of Rs 0.36 per fully paid-up equity share of Rs 1 each for

Trident Realty will invest about Rs 3,000 crore to build a 200-acre luxury housing township at Panchkula in Haryana as part of expansion plan, its Chairman S K Narvar said. It has acquired this land parcel through insolvency process and invested around Rs 400 crore to settle the loans of financial institutions. It has also provided plots to around 450 stuck homebuyers in this project. The Delhi-based company has presence in Delhi-NCR, Mumbai Metropolitan Region (MMR) and is now making a foray into Chandigarh tri-city through this new project. "We have launched our new luxury residential project Trident Hills in Panchkula. This 200-acre land parcel is located in the foothills of the Shivaliks. We will be developing around 60 lakh square feet area in this township, including villas, group housing, independent floors and plots," Narvar told PTI. The project will be developed over the next 7-8 years. "We will be investing about Rs 3,000 crore to develop this township project," Narvar

Analysts expect that the inflated cotton prices will continue to haunt small-sized yarn spinners during the first half of FY23 (H1-FY23). However, a good monsoon season can paint a different story

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Trident is vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer

CDSL and NBCC have doubled so far this year, while Trident and JK Lakshmi Cement have gained 91 per cent each during the same period