Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan
60-Word AI Digest
Trident shares jumped 13.42% after the company reported a 93.1% year-on-year rise in September-quarter profit to ₹175.5 crore. Revenue slipped 3.8%, but EBITDA rose 46.5%. The board also gave in-principle approval for a ₹4,650 crore expansion and modernisation programme.
Key Takeaways
- Trident shares jumped 13.42% after the company reported a 93.1% year-on-year rise in September-quarter profit to ₹175.5 crore.
- Revenue slipped 3.8%, but EBITDA rose 46.5%.
- The board also gave in-principle approval for a ₹4,650 crore expansion and modernisation programme.
Trident shares jumped 13.42% after the company reported a 93.1% year-on-year rise in September-quarter profit to ₹175.5 crore. Revenue slipped 3.8%, but EBITDA rose 46.5%. The board also gave in-principle approval for a ₹4,650 crore expansion and modernisation programme.
Original Publisher Attribution
This summary was curated from What lies ahead.