Summary:
Trident reported a 93% YoY increase in Q2FY27 net profit to ₹175.58 crore, despite a 3.8% decline in revenue. Shares surged 13% after the company announced a ₹4,650 crore expansion plan across textiles, paper and renewable energy.
Trident Ltd (NSE: TRIDENT, BSE: 521064) shares surged as much as 13.42% on November 3, 2026, after the textile and paper maker posted a 93% year-on-year jump in net profit for the second quarter of fiscal year 2027 and announced a capacity expansion plan worth ₹4,650 crore. The stock caught investors’ attention in Tuesday’s trading session on the back of the company’s improved profitability despite lower revenue and its investment plans.
Trident Q2 FY27 Results: Net Profit Up 93% Y-o-Y
Consolidated net profit of Trident stood at ₹175.58 crore in the quarter ended September 30, 2026, as against ₹90.93 crore in Q2FY26, up 93.1% YoY.
Revenue from operations declined 3.8% YoY to ₹1,719.48 crore from ₹1,787.17 crore.
The company reported operating EBITDA of around ₹313.7 crore, up 46.5% from ₹214.1 crore in the same quarter last year. Its EBITDA margin grew to around 18% from 12%.
| Financial Indicator | Q2FY27 | Q2FY26 |
| Revenue from operations | ₹1,719.48 crore | ₹1,787.17 crore |
| Net profit | ₹175.58 crore | ₹90.93 crore |
| Operating EBITDA | ₹313.7 crore | ₹214.1 crore |
| EBITDA margin | ~18% | ~12% |
Total expenses declined 10.2% YoY to ₹1,509.73 crore, aiding profitability despite weak sales.
Net profit grew 11.1% sequentially on a quarter-on-quarter basis from ₹158.09 crore in Q1FY27.
Trident to invest ₹4,650 crore on capacity expansion
Trident’s board approved an investment program of ₹4,650 crore in yarn, home textiles, paper and renewable energy in principle on November 2.
Some of the proposed projects are:
- New yarn manufacturing facility at Dhar, Madhya Pradesh with 1,99,680 spindles - Rs 1,660 crore.
- ₹1,022 crore: Expansion and modernisation of existing Budhni yarn facility including 99,840 spindles.
- ₹1,018 crore: Addition of 336 looms to increase sheeting capacity.
- ₹296 crore: Increase in paper manufacturing capacity of 28 tons a day.
- ₹654 crore: Setting up of a hybrid renewable energy project.
The Dhar facility is expected to be completed by September 2029, while the other projects are planned to be completed between December 2027 and October 2028.
The investment program will be funded from internal cash flows and/or debt.
Trident Shares Jumped 13% Following Q2 Results: Why?
Trident shares opened the day at ₹23.11 on November 3 and increased to a high of ₹25.19 on the NSE, up 13.42% from the previous close of ₹22.21.
But the stock gave up some of its gains to close at ₹24.06, up 8.33%.
There was a high trading activity as the combined volume of NSE and BSE was about 28.34 crore shares.
The rally followed better earnings, higher operating margins and an expansion announcement from the company.
Earlier, the stock had touched its 52-week low of ₹20.15 on October 23, 2026.
What’s Next for Trident?
Trident’s yarn business generated revenue of ₹1,018.96 crore in Q2FY27 against ₹923.64 crore a year ago. Its segment result soared sharply to ₹191.19 crore from ₹47.24 crore.
However, towel revenue declined from ₹723.46 crore to ₹570.75 crore, indicating uneven performance across the business segments.
The proposed expansion could add to manufacturing capacity in the coming years. The financial impact will be driven by project execution, textile demand, capacity utilisation, and funding costs.
For now, the key developments are Trident’s enhanced quarterly profitability and lined-up investments, but revenue recovery and progress on expansion projects will decide if the earnings growth can be sustained.
