Trident Ltd (TRIDENT)

Trident Stock Surges on Subsidiary Acquisition - 12 Jun, 2024

Trident Ltd's subsidiary, Trident Home Textiles, acquired 15,000 ordinary shares of Trident Global BV, leading to a surge in stock prices by 6.8%. The acquisition was made after Trident witnessed a decline of 54.8% in net profit in Q4FY24.

Trident's Dhaula Facility Hit by Fire Accident - 06 Jun, 2024

Operations at Trident's Dhaula facility were disrupted due to a massive fire accident. The company has not specified the extent of the loss or whether there were any casualties. Trident is the largest manufacturer of terry towels in the world and had reported revenue of nearly ₹1,700 crore for FY2024.

Trident Ltd Revenue Increases, Net Profit Declines - 28 May, 2024

Trident Ltd's revenue has increased by 7.5% YoY to Rs 6,809 crore in FY23-24, while net profit declined by 21% to Rs 350 crore. The stock gained 2% in the last six months and 7% in a year.

Trident Ltd's Dividend Payment Raises Concerns About Sustainability - 23 May, 2024

Investors in Trident Limited will receive a dividend payment of ₹0.36 per share, which is 0.9% of the current stock price and above industry average. However, negative free cash flows raise concerns about the sustainability of the dividend. While EPS is forecast to expand by 143.3%, earnings per share have not grown from five years ago, potentially eroding the purchasing power of the dividend over time. Overall, caution is advised when relying on this stock primarily for dividend income.

Trident FY2024 Earnings: Revenue Up, Net Income Down - 22 May, 2024

Trident Ltd's revenue for FY2024 was ₹68.7b, up 8.4% YoY, while net income decreased by 21% to ₹3.50b. Profit margin also declined from 7.0% in FY2023 to 5.1%, driven by higher expenses. EPS missed analyst estimates by 14%. Looking ahead, the company forecasts a 12% p.a. growth rate for revenue over the next two years, compared to 13% for the luxury industry in India. The stock is down 1.7% from a week ago.

Trident Shares Tumble After Weak Q4FY24 Results - 21 May, 2024

Trident Ltd's Q4FY24 results show a decline in net profit, EBITDA, and RoCE. Despite rising revenues, shares fell up to 9.14%.

Trident Reports Strong Financial Results for Q4 FY24 - 20 May, 2024

Trident Ltd reports a strong financial performance for Q4 FY24 with a 56.37% jump in net profit and a 6.93% rise in revenue from operations. The company also declares an interim dividend of Rs 0.36 per equity share and approves raising funds not exceeding Rs 500 crore by issuing NCDs.