Net profit of Trident declined 24.40% to Rs 105.69 crore in the quarter ended September 2020 as against Rs 139.81 crore during the previous quarter ended September 2019. Sales declined 12.44% to Rs 1173.98 crore in the quarter ended September 2020 as against Rs 1340.72 crore during the previous quarter ended September 2019.

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With respect to the paper & chemicals division, Trident on Saturday (10 October 2020) announced that while paper production declined by 7.5% to 11,939 metric tons, chemical production jumped by 58.8% to 7,631 metric tons last month as against the same period last year.

Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer.

The company's consolidated net profit tumbled 91.7% to Rs 10.11 crore in Q1 June 2020 from Rs 122.43 crore in Q1 June 2019. Revenue from operation declined 46% in the June quarter to Rs 708.54 crore from Rs 1312.15 crore in the corresponding period last year.

The textiles segment revenue stood at Rs 586.30 crore (down 44.9% YoY) and paper & chemical business segment revenue came in at Rs 122.31 crore (down 50.7% YoY) during the quarter.

The scrip advanced 3.50% to Rs 7.99 on Friday.

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Trident will hold a meeting of the Board of Directors of the Company on 15 October 2020.

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Narayana Hrudayalaya Ltd, Shoppers Stop Ltd, IDFC Ltd and Mahindra Holidays & Resorts India Ltd are among the other losers in the BSE's 'A' group today, 06 October 2020.

Trident Ltd tumbled 6.85% to Rs 7.89 at 14:52 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 67.85 lakh shares were traded on the counter so far as against the average daily volumes of 23.72 lakh shares in the past one month.

Narayana Hrudayalaya Ltd crashed 4.33% to Rs 346.55. The stock was the second biggest loser in 'A' group.On the BSE, 7582 shares were traded on the counter so far as against the average daily volumes of 12840 shares in the past one month.

Shoppers Stop Ltd lost 3.12% to Rs 184.5. The stock was the third biggest loser in 'A' group.On the BSE, 36096 shares were traded on the counter so far as against the average daily volumes of 10780 shares in the past one month.

IDFC Ltd shed 2.76% to Rs 29.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.19 lakh shares were traded on the counter so far as against the average daily volumes of 5.3 lakh shares in the past one month.

Mahindra Holidays & Resorts India Ltd pared 2.74% to Rs 168.6. The stock was the fifth biggest loser in 'A' group.On the BSE, 15248 shares were traded on the counter so far as against the average daily volumes of 7601 shares in the past one month.

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