Mumbai, May 19 (IANS) Textile and paper manufacturer Trident Limited on Tuesday reported a 23.5 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter ended March 31 (Q4 FY26).

The firm reported a net profit of Rs 102 crore in the January-March quarter, compared with Rs 133.2 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to an exchange filing.

Revenue from operations during the quarter fell 12.4 per cent year-on-year to Rs 1,632.5 crore from Rs 1,864.3 crore recorded a year ago.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) declined 7.2 per cent to Rs 227.3 crore in the fourth quarter, compared with Rs 245 crore in the same period last financial year.

However, EBITDA margin improved to 13.9 per cent from 13.1 per cent in the year-ago quarter.

Alongside the quarterly results, the board of directors approved a first interim dividend of Rs 0.50 per fully paid-up equity share of face value Rs 1 each for the financial year 2026-27.

The company has fixed May 23, 2026, as the record date for determining shareholders eligible for the dividend payout.

Trident said the dividend amount would be credited within the prescribed statutory timelines.

The board also approved a proposal to raise up to Rs 500 crore through the issuance of non-convertible debentures (NCDs) via public issue or private placement in one or more tranches, subject to shareholder approval.

In another key decision, the company approved the reappointment of Deepak Nanda as Managing Director for a further period of three years from September 5, 2026, to September 4, 2029, subject to shareholders’ approval.

Trident also said the implementation of India’s new labour codes resulted in amendments to employee benefit plans amounting to Rs 4.49 crore during the quarter and full financial year ended March 31, 2026.

According to the company, the expense was recognised as past service cost in the profit and loss statement in line with Ind AS 19 relating to employee benefits.

On the stock market, shares of Trident Limited ended marginally lower by 0.04 per cent at Rs 24.33 apiece on the National Stock Exchange of India on Tuesday.

–IANS

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