Trident LimitedNSE: TRIDENT

Unaudited Financial Results for Q1FY27

Jul 21, 2026 at 3:17 PM UTC · Issued by Trident Limited

/. ATLI8OI & Co. LLP

b7, Institutional Area

89Ct0I' 44, Gur ugram - 1 Z2 003

Haryana, India

Tel: +91 124 681 6000

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to

The Board of Directors Trident Limited

We have reviewed the accompanying statement of unaudited standalone financial results of Trident Limited (the "Company" including Trident Limited Employee Welfare Trust ("Trust")) for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Rev icw t:ngageiT1cnts (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4, Based on our review conducted as above and based on the consideration of the review report of other auditor of the Trust referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance w ith the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 ofthe Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. The accompanying Statement of unaudited quarterly standalone financial results includes the financial resulis/financial information of Trust vhose unaudited financial results and other financial information reflect total revenues of Rs. 27.2 million and total net profit after tax of Rs. 11.7 million for the quarter ended June 30, 2026, as considered in the Statement which has been reviewed by the auditor of Trust.

The unaudited financial results/financial information of Trust have been prepared in accordance

with Indian GAAP (accounting principles generally accepted in India applicable to the Trust)

S.R. BATLIBOI a Co. LLP

Cxerter d Accountants

and have been reviewed by other auditor in accordance with auditing standards generally accepted in India. The Company's management has converted the unaudited financial results/financial information of the Trust from Indian GAAP to Ind AS for the purposes of consolidation. We have reviewed these conversion adjustments made by the Company's management.

The report of such auditor on unaudited financial results and other financial information of Trust has been furnished to us by the management, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of Trust is based solely on the report of such auditor and our audit of the conversion adjustments as referred above. Our conclusion on the Statement is not modified in respect of the above matter.

For S.R. Batliboi & Co. LLP

Chartered Accountants

ICAI Firm registration number: 301003E/E300005

per Pr vin Tulsyan

Partne

Membership No.: 108044 UDIN: 26108044HTGDOZ849I

New Delhi July 21, 2026

S.R. BATLIBOia Co. LLP

Chartered Accountants

67, Institutional Area

Sector 44, Guruqram - 122.003 Haryana, India

Tel: +91 124 681 6000

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Trident Limited

l . We have reviewed the accoiiipany rug Statement of Unaudited Consolidated Financial Results of Trident Limited (the "Holding Company" including Trident Limited Employee Welfare Trust ("Trust")) and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associate for the quarter ended June 30, 2026 (the "Statement") attached herewith, being subir itted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations alid Disclosure Requirements) Regulations, 201.5, as amended (the "Listing Regulations").

The Holding Company's Management is responsible for the preparation of the Stateirient in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34, (Ind AS 34) liiteriir Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in coinplialice with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Compaliy's Board of Directors. Oilr responsibility is to express a conclusion on the Statelrient based on our review.

We conducted our review of the Statemelit in accordance with the Standard on Review Engagements (SRE) 2410, "Review of IInterim Financial Information Performed by the Independelit Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review' to obtain moderate assurance as to whether the Statement is free of material ir isstateinent. A review of iliterirn financial information consists of makilig inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other i'evieiv procedures. A review is substantially less in scope than an audit conducted in accordaiice with Standards on Auditing and conseqiielitly does hot enable his to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Master Circular No. CIR/CFD/CMD l/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

the Stateiiient includes the results of the following entities:
S. No.	Name of the Entity	Relationship
1	Trident Liliiited Employee Welfare Trust	Employee welfare trust (included in thc standalone financial results of Trident Limited)
2	Trident Group Enterprises PTE. Limited	Subsidiary
3	Trident Global Inc. USA	Subsidiary
4	Trident Europe Liiiiited	Subsidiary
5	THTL Tradilig L. L.C	Subsidiary
6	Trident Home Textiles Limited	Subsidiary (till June 17, 2025)
7	Trident Global Corporation Limited	Associate (w.e.f. September 09.2025
7	Trident Global Corporation Limited	Associate (w.e.f. September 09.2025

"

S.R. BATLIBOI a Co. LLP
Chartered Accountants
Based on our review conducted and procedures perfonred as stated in paragraph 3 above and based on the consideration ofthe rev iew reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 20.13, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
The accompanying Statement includes the unaudited financial results and other financial information, in respect of:
1. Trust whose unaudited financial results and other financial information reflect total revenues ofRs. 27.2 million and total net profit after tax ofRs. 11 .7 million for the quarter ended June 30, 2026, as considered in the Statement which has been reviewed by the auditor of Trust.
  The unaudited financial results/ financial information of Trust have been prepared in accordance with lndian GAAP (accounting principles generally accepted in India applicable to the Trust) and have been reviewed by other auditors in accordance with the auditing standards generally accepted in India. The Holding Company's management has converted the unaudited financial results/financial information of the Trust from Indian GAAP to Ind AS for the purposes of consolidation. We have reviewed these conversion adjustments made by the Holding Company's management,
  The report of such auditor on unaudited financial results/financial information of the Trust have been furnished to us and our conclusion in so far as it relates to the amounts and disclosures included in respect of the trust, is based solely on the report of such auditors and our rev iew of the conversion adjustments as referred above.
2. 3 subsidiaries, w!iose unaudited financial results/financial information include total revenues of Rs NIL, total net loss after tax of Rs. 13.1 million, total comprehensive loss of Rs. 11 .8 million, for the quarter ended June 30, 2026, as considered in the Statement which have been rev iewed by their respective independent auditors.
  These subsidiaries are located outside India whose unaudited financial results and other financial infonnation have been prepared in accordance with accounting principles generally accepted in their respectiv e countries and which have been reviewed by other anditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the unaudited financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company 's management.
  The report of such auditor on unaudited financial results/financial information of the entities have been furnished to us and our conclusion in so far as it relates to the amounts and disclosures inclrided in respect of these entities, is based solely on the report of such auditors and our review of the conversion adjustments as referred above.
  
  S.R.BAruaoiaCo. LLP
  Chartered Accountants
3. 1 associate, whose unaudited financial results and other financial information include Group's share of net profit ofRs. 37.3 million and Group's share of total comprehensive income of Rs. 37.3 million for the quarter ended June 30, 2026, as considered in the Statement whose unaudited financial results, other financial information have been reviewed by their respective independent auditors.

The report of such auditor on unaudited financial results/financial information of the entity has been furnished to us and our conclusion in so far as it relates to the amounts and disclosures included in respect of this entity, is based solely on the report of such auditor.

Our conclusion on the Statement in respect of maners stated in para 6 above is not modified with respect to our reliance on the reports of the other auditors.

For S.R. Batliboi & Co. LLP

Chartered Accountants

per ravin Tuls n

Par er

ICAI Firm registration number: 30I003E/E300005

Membership No.: 108044 UDlN: 26108044WVCFJX3773

New Delhi July 21, 2026

" """"" " "" TRIDENT LMITED

IT RIDE NT

Registered Office : Trident Group, Sanghera, Barnala -148 101 Corporate Identification Number - L99999PB1990PLC010307

Phone +91-161-5039999 | Fax : +91-161-5039900 | Website : www.tridentindia.com | E-Mail ID : invests etridentindia.com

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026
(INR in mi//ionJ
S.No.	Particulars	Quarter Ended			Year Ended
		June 30, 2026	March 31, 2026	June 30, 2025	March 31, 2026
		3 Months	3 Months	3 Months	12 Months
		Unaudited	Audited (Refer note 6 below)	Unaudited	Audited
1 2 3	Revenue from operations Revenue from operations Other income	17,816.8 154.6	16,299.6 185.7	17,002.3 196.2	66,811.6 769.1
1 2 3	Total income (1+2)	17,971.4	16,485.3	17,198.5	67,580.7
4	Expenses Cost of raw materials consumed Purchase of stock-in-trade Changes in inventories of finished goods, waste, work-in-progress and stock in trade Employee benefits expense Finance costs Depreciation and amortisation expense Forex loss/(gain) (Including MTM) Other expenses
		9,045.4	8,116.7	8,427.3	33,766.7
		1.1	5.6	14.4	41.5
		(204.3)	(154.3)	(157.3)	510.5
		2,221.0	1,978.7	2,114.9	8,357.0
		298.1	320.4	311.6	1,132.7
		689.5	685.7	916.8	3,128.1
		87.1	149.3	(28.7)	160.5
		3,741.5	3,913.5	3,733.1	15,300.0
	Total expenses	15,879.4	15,015.6	15,332.1	62,397.0
5	Profit before tax (3-4)	2,092.0	1,469.7	1,866.4	5,183.7
	Tax expenses
	- Current tax	548.6	495.3	450.9	1,326.5
	- Deferred tax charge/(creditj	14.1	(44.0)	21.9	99.8
	- Current tax adjustments related to earlier years		(2.0)		(87.2)
	- Deferred tax adjustments related to earlier years				84.0
7	Net profit after tax (5-6)	1,529.3	1,020.4	1,393.6	3,760.6
8	Other comprehensive income/(loss)
	Items that will not be reclassified to profit or loss Remeasurement gain/(loss) of the defined benefit plan Income tax related to items that will not be reclassified to profit or loss Items that will be reclassified to profit or loss Net movement in effective portion of cash flow hedge reserve Income tax related to items that may be reclassified to profit or loss Other comprehensive income/(loss), net of tax	11.8 (3.0)	47.2 (11.9)	2.5 (0.6)	47.1 (11.9)
		319.2	(81.8)	63.0	(285.9)
		(80.3)	20.6	(15.9)	72.0
		247.7	(25.9]	491	(178.7)
9	Total comprehensive income (7+8)	1,777.0	994.5	I,M2.6	3,581.9
10	Paid-up equity share capital (Face value of INR 1/- each)	5,096.0	5,096.0	5,096.0	5,096.0
11	Other equity as per balance sheet				42,474.9
12	Earnings per share (£PS) face value (of INR 1/- each) (not annualised)
	- Basic (INR)	0.30	0.20	0.27	0.74
	- Diluted (INR)	0.30	0.20	0.27	0.74
See accompanying notes to the financial results.

TRIDENT LIMITED

W TRIDENT

STANDALONE SEGMENT WISE REVENUE, RESULTS, SEGMENT ASSETS AND SEGMENT LIABILITIES

SNo.	Particulars	Quarter Ended			Year Ended
		June 30, 2026	March 31, 2026	June 30, 2025	March 31, 2026
		Unaudited	Audited (Refer note 6 below)	Unaudited	Audited
	Segment revenue
	a) Yarn	9,541.6	8,512.3	9,020.3	35,244.4
	b) Towel	6,340.1	5,988.8	6,330.6	25,669.7
	c) Bedsheets	3,022.1	2,102.6	3,086.0	9,849.2
	d) Paper and chemicals	2,973.8	2,968.3	2,598.3	10,397.4
	Total	21,877.6	19,572.0	21,035.2	81,160.7
	Less: Inter segment revenue	4,060.8	3,272.4	4,032.9	14,349.1
	Revenue from operations	17,816.8	16,299.6	17,002.3	66,811.6
2	Segment resulu
	Profit before finance costs, exceptional Items and tax,
	other unallocable expenditure net off unallocable income
	a) Yarn	1,458.3	667.8	700.7	2,155.8
	b) Towel	263.1	818.3	468.7	2,477.8
	c) Bedsheets	505.5	294.6	446.5	990.6
	d) Paper and chemicals	523.9	S61.9	733.4	2,083.5
	Total	523.9	S61.9	733.4	2,083.5
	Total	2,750.8	2,342.6	2,349.3	7,707.7
	Less:	2,750.8	2,342.6	2,349.3	7,707.7
	Less:
	a) Finance costs	298.1	320.4	311.6	1,132.7
	b) Other unallocable expenditure net off unallocable	360.7	552.5	171.3	1,391.3
	income
	Profit befora tax	2,092.0			S,183.7
3	Segment assets
	a) Yarn	30,211.9	30,608.4	29,910.0	30,608.4
	b) Towel	16,013.0	16,183.7	16,465.9	16,183.7
	c) Bedsheets	5,962.0	5,848.8	6,602.7	S,848.8
	d) Paper and chemicals	6,790.1	6,489.4	6,669.9	6,489.4
	e) Unallocated	15,691.7	15,868.4	11,789.8	15,868.4
	Total asseQ	74,668.7	74,998.7	71,438.3	74,998.7
4	Segment liabilities '
	a) Yarn	1,917.1	2,317.7	2,811.9	2,317.7
	b) Towel	1,931.9	1,805.7	1,813.7	1,80S.7
	c) Bedsheets	943.8	779.5	802.1	779.5
	d) Paper and chemicals	1,000.9	999.6	803.9	999.6
	e) Unallocated	4,077.4	3,847.7	4,220.5	3,847.7
	Total liabilities		9,750.2	10,452.1	9,750.2

' Excluding borrowings and interest accrued on borrowings

IT RIDENT

STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026
(INR in million)
S.No.	Particulars	Quarter Ended			Year Ended
		June 30, 2026	March 31, 2026	June 30, 2025	March 31 2026
		3 Months	3 Months	3 Months	12 Months
		Unaudited	Audited (Refer note 6 below)	Unaudited	Audited
1 3	Revenue from operations Revenue from operations Other income	17,868.3 163.9	16,325.3 175.8	17,068.9 200.1	67,010.5 741.1
1 3	Total income (1+2)	18,032.2	16,501.1	17,169.0	67,751.6
4	Expenses Cost of raw materials consumed Purchase of stock-in-trade Changes in inventories of finished goods, waste, work-in-progress and stock in trade Employee benefits expense Finance costs Depreciation and amortisation expense Forex loss/(gain) (Including MTM) Other expenses
		9,045.4	8116.7	8,427.3	33,766.7
		6.9	(2.0)	42.2	102.8
		(234.2)	(132.7)	(155.3)	534.5
		2,296.0	2,056.4	2,193.3	8,664.0
		299.9	322.1	313.4	1,139.8
		701.9	697.4	927.9	3,173.0
		87.1	149.3	(28.8)	160.4
		3,669.0	3,864.4	3,671.6	15,090.3
	Total expenses	15,872.0	15,071.6	15,391.6	62,631.5
5	Profit before share of profit of associate and tax (3-4)	2,160.2	1,429.5	1,877.4	5,120.1
6	Share of profit of associate	2.3	34.9		79.2
7	Profit before tax (5+6)	2,162.5	1,464.4	1,877.4	5,199.3
8	Tax expenses
	- Current tax	567.6	491.3	456.4	1,332.9
	- Deferred tax charge/(credit)	14.0	(44.2)	21.4	99.0
	- Current tax adjustments related to earlier years		(2.5)		(87.7)
	- Deferred tax adjustments related to earlier years				84.0
9	Net profit after tax (7-8)	i,sgo.g	1,019.8	1,399.6	3,771.1
10	Other Comprehensive Income/(loss)
	Items that will not be reclassified to profit or loss
	- Remeasurement gain/(loss) of the defined benefit plan	11.8	47.2	2.5	47.1
	- Share of Other Comprehensive Income of associate (net of tax)		0.5		0.5
	- Income tax related to items that will not be reclassified	(3.0)	(11.9)	(0.6)	(11.9)
	to profit or loss
	Items that will be reclassified to profit or loss
	- Net movement in effective portion of cash flow hedge	319.2	(81.8)	63.0	(285.9)
	reserve
	- Exchange differences in translating the financial statements of a foreign operation	(7.5)	14.8	5.8	33.5
	- Income tax related to items that may be reclassified to	(80.3)	16.9	(17.4)	63.6
	profit or loss
	Other comprehensive income/(loss), net of tax
	Other comprehensive income/(loss), net of tax	240.2	(14.3)	53.3	(153.1)
11	Total comprehensive income (9+10)	1,821.1	1,005.5	1,452.9	3,618.0
12	Paid-up equity share capital (Face value of INR 1/- each)	5,096.0	5,096.0	5,096.0	5,096.0
13	Other equity as per balance sheet				42,618.2
14	Earnings per share (EPS) face value (of INR 1/- each) (not annualized)
	- Basic (INR)	0.31	0.20	0.27	0.74
	- Diluted (INR)	0.31	0.20	0.27	0.74

See accompanying notes to the financial results.

GUrugram

jpg

// TRI 0 P

Be'ng . s Norn a*

"'i "

. BAR)*

" TRIDENT LIMITED

CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, SEGMENT ASSETS AND SEGMENT LIABILITIES

S.No.	Particulars	auarter Endad			Year Ended
		June 30, 2026	March 31, 2026	June 30, 2025	March 31, 2026
		Unaudited	Audited (Refer note 6 below)	Unaudited	Audited
1	Segment revenue Yarn Towel Bedsheets Paper and chemicals	9,541.6 6,385.4 3,028.2 2,973.8	8,512.5 6,011.2 2,105.7 2,968.3	9,020.3 6,389.3 3,093.9 2,598.3	35,244.4 25,84S.1 9,872.8 10,397.4
	Total Less: Inter segment revenue	21,929.0	19,597.7	21,101.8	81,359.7
	Total Less: Inter segment revenue	4,060.7	3,272.4	4,032.9	14,349.2
	Revenue from operations	17,868.3		17,068.9	67,010.5
	Segment results Profit before finance costs, exceptional Items and tax, other unallocable expenditure net off unallocable income Yarn Towel Bedsheets Paper and chemicals Total Less: Finance costs Other unallocable expenditure net off unallocable income #	1,458.3 336.7 492.6 523.9	667.8 815.9 268.5 561.9	700.7 476.4 447.7 733.4	2,155.8 2,477.6 962.3 2,083.5
		2,811.5	2,314.1	2,358.2	7,679.2
		299.9 349.1	322.1 527.6	313.4 167.4	1,139.8 1,340.1
	Profit before tax	2,162.5	1,464.4
4	Segment assets Yarn Towel Bedsheets Paper and chemicals Unallocated #	30,211.9 16,428.2 6,038.0 6,790.1 15,588.6	30,608.4 16,657.9 5,924.8 6,489.4 15,687.8	29,910.0 16,873.0 6,650.8 6,669.9 11,603.9	30,608.4 16,657.9 5,924.8 6,489.4 15,687.8
	Total assets	75,056.8	75,368.3	71,707.6	75,366.3
	Segment llabilitles " Yarn Towel Bedsheets Paper and chemicals Unallocated	1,917.1 1,833.0 931.8 1,000.9 4,370.0	2,317.7 1,746.7 767.5 999.6 4,145.4	2,811.9 1,693.7 782.C 803.9 4,530.9	2,317.7 1,746.7 767.5 999.6 4,145.4
	Total liabilities	10,052.8	9,976.9	10,622.4	9,976.9

* Excluding borrowings end interest accrued on borrowings # Including share of profit and investment in associate

TRIDENT LIMITED

NOTES TO FINANCIAL RESULTS:

These standalone and consolidated financial results of Trident Limited ("the Company") have been prepared in accordance with the recognition and measurement principles as laid down in Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. These results are available on the Company's website https: w .tri‹lcniin‹l ir.c‹rii.
The above standalone and consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on July 21, 2026, and have been reviewed by the Statutory Auditors of the Company andhave expressed an unmodified opinion on these unaudited standalone and consolidated financial results.
During the current quarter, the Board of Directors had declared and paid an interim dividend of INR 0.50/-(i.e. 50%) per Equity Share of INR I /- each.
Pursuant to the share transfer on June 17, 2025, the Company divested its entire investment in its wholly owned subsidiary, Trident Home Textiles Limited (THTL) and accordingly, THTL ceased to be a subsidiary of Trident Limited.
In accordance with Ind AS 19 - Employee benefits, changes to employee benefit plans amounting to INR

44.9 million, resulting from the new Labour Codes were treated as plan amendments, requiring immediate recognition of the past service cost as expense in the statement of profit and loss for the quarter and year ended March 31, 2026. The Group continues to monitor the finalization of Central/State rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect on the basis of such developments as needed.

6 The figures for the quarter ended March 31, 2026 were the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the third quarter of the previous financial year.

By Order of the Board ofDirectors

For Trident Limited

@ Gurugram

(Deepak Nanda) Managing Director DIN: 0040333 5

Place: New Delhi Date: July 21, 2026

Earlier from Trident

All Trident news releases