Trident shares jump 13.42% on Q2 profit rise and expansion plan
In short
Trident shares rose 13.42% after the company said its September-quarter profit increased 93.1% to ₹175.5 crore.
Revenue fell 3.8% to ₹1,719.48 crore, but EBITDA rose 46.5%, and the board approved a ₹4,650 crore expansion and modernisation plan. The report does not say when the plan starts or how it will be paid for.
What the reporting says
Trident shares jumped 13.42% after the company reported a 93.1% year-on-year rise in September-quarter profit to ₹175.5 crore and board approval for a ₹4,650 crore expansion and modernisation plan. Revenue from operations fell 3.8% to ₹1,719.48 crore, even as EBITDA rose 46.5%, according to market summaries. The reporting does not say when the expansion will begin or how it will be funded.
Why it matters
Trident’s stock moved sharply higher after Q2 numbers showed a strong profit increase to ₹175.5 crore and a 46.5% rise in EBITDA, even though revenue declined 3.8% to ₹1,719.48 crore. The board also cleared an in-principle ₹4,650 crore expansion and modernisation programme, which likely added to investor interest. The sources do not provide project timing, financing details, or implementation risks.