Trident Ltd reported a subdued third quarter performance with significant declines across key financial metrics. According to reports from CNBC TV18, net profit fell 44.5% year-on-year to ₹44.2 crore compared with ₹79.7 crore in the same period last year. Revenue declined 5.6% to ₹1,574 crore from ₹1,667 crore a year ago, indicating challenging market conditions for the diversified manufacturer.
The company's operational performance showed significant deterioration with EBITDA falling 36.5% year-on-year to ₹136.2 crore from ₹214.5 crore in the previous year. As reported by CNBC TV18, EBITDA margin contracted sharply to 8.7% compared with 12.9% in the year-ago quarter, reflecting reduced operating leverage. This margin compression indicates the company's inability to maintain profitability levels despite revenue generation.
According to CNBC TV18, shares of Trident Ltd closed at ₹28.47 on the NSE, up 2.82% on the day ahead of the earnings announcement. The company announced the incorporation of a new domestic wholly owned subsidiary aimed at strengthening brand presence and sales and marketing of Trident products in overseas markets, with special focus on the US market. Additionally, Trident divested its entire stake in MYTRIDENT.COM Limited, a domestic wholly owned subsidiary that ceased to be a wholly owned subsidiary with effect from February 9, 2026.
Despite the challenging quarterly results, Trident Ltd maintains an 'Sell' rating from MarketsMojo as of February 11, 2026. The rating is based on comprehensive analysis of quality, valuation, financial trends, and technical factors. Recent stock performance shows a 1.67% decline on the most recent trading day and a 7.68% drop over the past week, reflecting short-term selling pressure. The company's interest expense has surged by 48.59% in the latest six months, exerting pressure on net profitability, while domestic mutual funds hold a minimal stake of just 0.53%, indicating limited institutional confidence in the stock's near-term prospects.
As reported by CNBC TV18, the company clarified that MYTRIDENT.COM Limited was not a material subsidiary. Trident is a diversified manufacturer with interests spanning textiles, paper, and chemicals, with a strong presence in home textiles and yarn exports. The subsidiary restructuring appears to be part of the company's strategy to focus on core operations while expanding its overseas market presence, though the company's operating profit has grown at a modest annual rate of 6.54% over the past five years, reflecting limited long-term growth momentum.
