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Trident Ltd. Announces 36 percent Dividend | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ludhiana, Punjab, India
Trident Limited, a vertically integrated Textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer announced its financial results for the quarter ended September 30, 2021.
Financial & Business Highlights
36% dividend announced for Shareholders Trident Limited has announced 36% dividend (INR 0.36/-per fully paid-up Equity Share of Re. 1/- each) for its Shareholders with October 29, 2021 as record date.
Trident has been frontrunner in rewarding its Shareholders by paying a steady dividend payout to its Shareholders for the last five years and has maintained dividend payouts above 50% for last two consecutive years. The Company believes in inclusive growth and sharing its profits with its Shareholders in the form of dividends.
Recent Expansion
Mr. Rajinder Gupta, Chairman, Trident Group
Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said, “We have continued the positive momentum from the previous quarter and delivered the best performance in the second quarter. The company is committed to embark inclusive growth for all its stakeholders and continuing to excel in future.”
Financial Highlights for Q2 FY22 Figures in INR Million
Figures in INR Million
(*Net Debt/EBITDA is calculated after adjusting RoSCTL amount of INR 579.3 million pertaining to period Q4 FY21) Net Debt/EBITDA are annualized in nature
About Trident Limited Trident Limited is the flagship Company of Trident Group, a USD 3 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident Limited is vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer and is one of the largest players in Home Textile Space in India. Supplying national, captive, and retailer owned brands; the organization is highly decorated with awards from its customers, vendors, and various government entities in recognition of advancing the highest standards in product quality, social responsibility, and environmental stewardship.
The Company operates in two major business segments: Textiles and Paper with its manufacturing facilities located in Punjab and Madhya Pradesh. |
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