Trident (TRIDENT) Q4 24/25 earnings summary

Executive summary

• Achieved FY25 consolidated revenue of INR 70,472 million, with 56% from exports and a strong presence in home textiles, paper, chemicals, and energy.

• Recognized as the world's largest wheat straw-based paper manufacturer and a leading integrated home textile producer with a 30+ year track record.

• Declared a 1st interim dividend of 50% (INR 0.50 per share) for FY26 and paid a 36% interim dividend in June 2024.

• Continued digital transformation, expanding e-commerce, retail, and AI-enabled projects, and secured additional patents.

• Auditors issued unmodified opinions on both standalone and consolidated results.

Financial highlights

• FY25 consolidated total income rose 2.63% year-over-year to INR 70,472 million; standalone income up 3.46% to INR 70,253 million.

• Q4FY25 consolidated EBITDA margin improved to 14.02% from 13.15% in Q4FY24; standalone EBITDA margin at 13.93%.

• Q4FY25 consolidated net profit increased 66.57% year-over-year to INR 1,334 million; standalone net profit up 69.16% to INR 1,318 million.

• FY25 consolidated net profit after tax was INR 3,707.3 million, up from INR 3,499.9 million in FY24.

• FY25 EPS at 0.73, up 6.24% year-over-year; cash profit for FY25 at INR 7,288 million.

Outlook and guidance

• Industry expects 6-8% growth in home textiles for FY26, driven by resilient US demand and domestic expansion.

• Focus on digitalization, product innovation, and capacity utilization to drive future margin improvement.

• SBTi-validated targets for 42% reduction in Scope 1 & 2 emissions by FY31.

• Received final subsidy sanction orders for yarn and terry towel expansion projects, with INR 367 million accrued in interest subsidy income.

• Management optimistic about favorable outcomes in ongoing tax appeals and expects no material impact from recent tax assessments.