Trident Group, an Indian terry towel and wheat straw based paper manufacturer, has reported 4 per cent decline in its total income to ₹45,353.1 million during fiscal 2021 ended on March 31, 2021, compared to ₹9,972.6 million in the previous fiscal. The company’s total comprehensive income for the year rose to ₹4,247.7 million (FY20: ₹2,936.7 million).
“The company has delivered strong performance during the year despite the challenges posed by Covid-19. We hope to maintain a strong momentum going forward & harness our efforts towards achieving Vision 2025,” Rajinder Gupta, chairman at Trident Group, said in a press release.
Total expenses for FY21 were ₹41,167.7 million (₹43,027.4 million), while group’s net profit after tax was ₹3,457.4 million (₹3,418.0 million).
The group’s textile segment revenue for the year increased to ₹38,160.9 million (₹37,776.0 million). Whereas paper and chemicals segment revenue dipped to ₹7,040.7 million (₹9,225.4 million). According to the group, its sheeting segment recorded around 60 per cent growth Y-o-Y basis on account of both better sales volume and realisations.
Fibre2Fashion News Desk (JL)
Trident Group, an Indian terry towel and wheat straw based paper manufacturer, has reported 4 per cent decline in its total income to ₹45,353.1 million during fiscal 2021 ended on March 31, 2021, compared to ₹9,972.6 million in the previous fiscal. The company's total comprehensive income for the year rose to ₹4,247.7 million (FY20: ₹2,936.7 million).