Trident Ltd — Investor Presentation 2025

Jan 29, 2025

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TRIDENT/CS/2025 January 29, 2025

National Stock Exchange of India Limited

Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064

Sub: Earnings’ Presentation

Dear Sir/ Madam,

In compliance of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith copy of Earnings’ Presentation with respect to the performance of the Company for the quarter and nine months ended on December 31, 2024.

The same is also available on the website of the Company i.e. www.tridentndia.com

Thanking you

Yours faithfully For Trident Limited SUSHIL Digitally signed by SUSHIL SHARMA SHARMA Date: 2025.01.29 16:25:53 +05'30' [Sushil Sharma] Company Secretary Membership No- F6535

Encl: As above

Disclaimer :- The details of the authorised signatories are uploaded on the official website of the Company. You may authenticate the authority of the signatory before relying upon the contents of this communication by visiting https://www.tridentindia.com/authority-matrix/ or may write to us on corp@tridentindia.com.

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29/01/2025

TL/2025/056895

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EARNINGS PRESENTATION Q3|FY25

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Trident Limited

Yarn | Bath & Bed Linen | Paper | Chemical | Energy

1

Earnings Presentation Q4 FY24

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SAFE HARBOUR

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This presentation has been prepared by Trident Limited (the “Company”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Company to be construed as legal, accounting or tax advice.

This presentation has been prepared by the Company based upon information available in the public domain. This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India. This presentation may include statements which may constitute forward-looking statements. The actual results could differ materially from those projected in any such forward-looking statements because of various factors. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. EARNINGS PRESENTATION This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/ or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words including, without limitation "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings Q2 | FY25 or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward- looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements.

The information contained in these materials has not been independently verified. None of the Company, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Company undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision.

This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India.

This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. Neither this document nor any part or copy of it may be distributed, directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that you are located outside the USA, and you are permitted under the laws of your jurisdiction to receive this presentation. Trident Limited

This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended.

Yarn | Bath & Bed Linen | Paper

Earnings Presentation Q3 FY25

2

2

Earnings Presentation Q4 FY24

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OUR VISION Inspired by challenge , we will add value to life, and together prosper globally.

OUR VALUES

To provide customer satisfaction , through teamwork , based on honesty & integrity , for . continuous growth & development

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Earnings Presentation Q4 FY24

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INDEX

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COMPANY OVERVIEW 01 EARNINGS PRESENTATION Q2 | FY25INDUSTRY OVERVIEW 02 COMMITTED TO ESG & 03 WOMEN EMPOWERMENT

02

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04
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QUARTERLY & OPERATIONAL OVERVIEW

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05
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SUMMARY OF FINANCIAL STATEMENTS

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Trident Limited
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Earnings Presentation Q3 FY25

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4

Earnings Presentation Q4 FY24

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COMPANY OVERVIEW YARN | BED & BATH LINEN | PAPER | CHEMICALS | ENERGY

Earnings Presentation Q4 FY24

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TRIDENT’S JOURNEY @ A GLANCE

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Leading Integrated Home Textile A Manufacturers With 30+ Year Track Record EARNINGS PRESENTATION World’s Largest Wheat Straw-based Paper Q2 | FY25 B Manufacturer

in North India for Branded #1 Copier segment

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C

World-Class Infrastructure & Technology

D

E

Globally Best-in-Class Business Partners

Featured in TIME Magazine

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61% 25+
Exports in E-com Website
FY24 Presence
Trident Limited
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Earnings Presentation Q3 FY25

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6

Earnings Presentation Q4 FY24

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TRIDENT’S TRANSFORMATION JOURNEY

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Going Forward

Started As A Commodity Player

Digital Trident – Completing Making Trident a Industry 4.0 Journey National Brand

• EARNINGS PRESENTATION Transition &

• Inception: Started as a yarn Diversification Phase manufacturer in 1990 with just 17k spindlesQ2 | FY25

• E-Sourcing

• E-commerce Website

• Real Time Performance Monitoring

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2010-
2020
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• Retail Outlets

• Ai-enabled Projects

• Social Media Presence

• Digitalization of Products

  • Diversified Products

• Virtual Showrooms

• Entered Paper, Chemical &

• Forayed into Terry Towel in 1998-99 Energy segment

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Energy segment  Secured 4 Additional
Patents
 Enhanced capacity
expansion in Yarn and Terry
towel
2020-
2000-
2025
2010
Value Addition
& Consolidation Phase
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 Secured 4 Additional
Patents
2020-
2025
Value Addition
& Consolidation Phase
Trident Limited

Horizontal diversification into segments
such as Bed Linen
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1990-
2000
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• Strengthened presence in E-commerce and domestic market

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Earnings Presentation Q3 FY25
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• Secured 10 patents

Earnings Presentation Q4 FY24

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7

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COMPETITIVE ADVANTAGE

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Favorable Government PoliciesEARNINGS PRESENTATION Competitive cost of production  Focus on ‘Make in India’  Competitive labor, power and raw material cost Q2 | FY25   Export enhancement Access to advanced technology under textile  Scheme of setup of Mega Textile Parks upgradation fund

Backward Integration with yarn

• Lower variance in profitability

• Hedge against raw material price fluctuations

• Maintenance of high-quality standards

• Traceability of origin

• Consistent delivery of products

Cotton quality and availability

• Largest producer of cotton

• Surplus available for export

INDIA GEOGRAPHY OF CHOICE FOR HOME TEXTILES

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r Qualified and skilled manpowe

• Large, young and talented workforce

• Competitive though increasing cost of labor

Textiles: A dominant industry

• Employs 45 million people across the value chain

• Strong government support to industry

Global friendly environment

• Stable democracy and comfort with global languages

• Evolving practices in line with MNCs

Trident Limited

Yarn | Bath & Bed Linen | Paper

Earnings Presentation Q3 FY25

8

8

Earnings Presentation Q4 FY24

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KEY EVENTS

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EARNINGS PRESENTATION
Q2 | FY25
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HEIMTEXTIL

NISTI-IIT

Trident Group showcased an elegant range of its latest eco-smart collections at its Booth at Hiemtextil 2025 held from 14th-17th January at Messe Frankfurt, Germany.

The Trident Group team presented innovative case studies showcasing our innovation and environmental stewardship in the textile industry at Trident Limited NISTI-IIT Delhi Conference on Sustainability in Textiles and Clothing.

Earnings Presentation Q4 FY24

Earnings Presentation Q3 FY25

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9

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AWARDS & RECOGNITION

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EARNINGS PRESENTATION Q2 | FY25

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Trident Limited
Yarn | Bath & Bed Linen | Paper
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Earnings Presentation Q3 FY25

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Earnings Presentation Q4 FY24

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OWNED BRAND ACROSS THE SPECTRUM

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Our International Home Textile Brands

Committed to holistic approach of adding value, our product portfolio comprises of an EARNINGS PRESENTATION extensive range of in-house brand making us a one-stop solution for home textile. Q2 | FY25

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Trident Limited

TRIDENT’S HOME TEXTILE BRANDS ARE ACROSS A RANGE OF LUXURY, PREMIUM, ESSENTIALS, EXCLUSIVE AND GIFTING PRODUCTS

Earnings Presentation Q3 FY25

Earnings Presentation Q4 FY24

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PROSPERING GLOBALLY WITH OUR CLIENTELE

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Our products are loved across the world and our lasting partnerships have been nurtured over the decades through our international offices in US, UK, Gulf and India. EARNINGS PRESENTATION

Q2 | FY25

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Trident Limited
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Yarn | Bath & Bed Linen | Paper

Earnings Presentation Q3 FY25

Earnings Presentation Q4 FY24

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INDUSTRY OVERVIEW

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Earnings Presentation Q4 FY24

- GLOBAL MARKET OVERVIEW

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Amount in $Bn
1200
EARNINGS PRESENTATION 1300 1200
In 2022, the global 1000 80
1100
textile and apparel 85 1000
909
Q2 | FY25 trade was US$ 909
872 75
bn. having grown at 900 839 70
789 65
approx. 3% CAGR 71 800
since 2017. 50 70 60 57
51
700 50
715
It is expected to
600
575
reach US$ 1.2 trillion
500 494 540
by 2030 growing at a 482
455
CAGR of 4%.
400
300
200
175
148 150 152 152
200
100
52 52 58 54 65 75
34 34 37 Trident Limited 41 40 45
2017 2019 2021 2022 2025 (P) 2030 (P)
-100 0
Data Source: UN Comtrade and Wazir Analysis Fiber Yarn Fabric Apparel Home textiles Yarn | Bath & Be Others d Li Total nen | Paper
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Data Source: UN Comtrade and Wazir Analysis

Earnings Presentation Q3 FY25

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Earnings Presentation Q4 FY24

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INDIA’S DOMESTIC INDUSTRY OVERVIEW

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300 250 250
Amount in $Bn
250
EARNINGS PRESENTATION 16 200
165
54
200
Q2 | FY25 India’s domestic textile
& apparel has grown 150
from US$ 50 bn in 2010- 125 11
11 to US$ 110 bn in 150
110
2022, registering a 106 34
growth of 7% CAGR. 9 100
100 8 8 24
The market is further 20 22 180
expected to grow at 50
10% CAGR from 2021-22 120 50
to reach US$ 250 bn. by 50 4 92
11 78 80
2030-31.
35
- -
Trident Limite d
2011 2020 2022 2023 (E) 2026 (P) 2031 (P)
Apparel Technical Textiles Home Textiles Total
Data Source: Wazir Analysis Yarn | Bath & Bed Linen | Paper
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Data Source: Wazir Analysis

Earnings Presentation Q4 FY24

Earnings Presentation Q3 FY25

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HOME TEXTILE MARKET SIZE

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Home Textile Market The Home Textile Market size is estimated at USD 134.13 billion in Market Size in USD Billion 2024, and is expected to reach USD 175.64 billion by 2029, CAGR 5.54% growing at a CAGR of 5.54% during the forecast period (2024-2029). EARNINGS PRESENTATION

Home Textile Market

Indian Home Textile Market Market Size in USD Billion CAGR 9.84%

The India Home Textile Market size is estimated at USD 9.60 billion in 2024, and is expected to reach USD 15.36 billion by 2029, growing at a CAGR of 9.84% during the forecast period (2024-2029).

Q2 | FY25

Trident Limited

Yarn | Bath & Bed Linen | Paper

Earnings Presentation Q3 FY25

Earnings Presentation Q4 FY24

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INDUSTRY LANDSCAPE | INDIA HOME TEXTILE MARKET

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EARNINGS PRESENTATION
Q2 | FY25
Trident Limited
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Earnings Presentation Q3 FY25

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Earnings Presentation Q4 FY24

TRENDS AND CONVERSATIONS |INDIA HOME TEXTILE MARKET

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EARNINGS PRESENTATION Q2 | FY25

Trident Limited

Earnings Presentation Q3 FY25

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Earnings Presentation Q4 FY24

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COMMITTED TO ESG & WOMEN EMPOWERMENT

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Earnings Presentation Q4 FY24

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ESG

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Trident Limited scored 56 out of 100 in the S&P Global Corporate Sustainability Assessment

EARNINGS PRESENTATION Installation of 16.4MWp Rooftop Solar in Nov. This addition to existing solar capacity of 40.9 MWp, solar power in Budhni increased to 15% Q2 | FY25

ESG

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CSR: As part of our unwavering commitment to enhancing healthcare access, four ambulance services have been launched in Punjab and MP with a combined investment of INR 1.22 Cr .

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Converted 1212.07 MT of Parali (post-harvest Agri residue) to bioenergy in our boilers (Oct-Dec 24), preventing stubble burning and subsequent release of harmful pollutants in the air

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Share of Renewable Energy in overall energy mix stands at 44% and Biomass Consumption in Fuel mix stands at 41.3% , as of Dec 2024

Earnings Presentation Q3 FY25

Earnings Presentation Q4 FY24

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EFFICIENT CORPORATE GOVERNANCE

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1

National Award For Excellence In Corporate Governance

EARNINGS PRESENTATION 2 Times Stood Among Good Corporate Governance Q2 | FY25

Times Stood Among The Top 25 Indian Corporates Adopting Good Corporate Governance

3

Times National Recognition For Good Corporate Governance

India Rating

AA (Stable Outlook): NonConvertible Debentures

CARE

AA (Stable Outlook): LT Borrowings A1+: ST Borrowings

D&B

CRISIL

AA ( Stable 5A1 : Business Outlook ): LT Rating Borrowings A1+ : ST Borrowings Trident Limited

Yarn | Bath & Bed Linen | Paper

Earnings Presentation Q3 FY25

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Earnings Presentation Q4 FY24

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QUARTERLY & OPERATIONAL HIGHLIGHTS

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Earnings Presentation Q4 FY24

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FINANCIAL SNAPSHOT Q3 FY25

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Total Income EBITDA Margin PBT Margin Cash Profit INR 16,778 Mn 13.41% 5.90 % INR 1,694 Mn

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Operating Equipment Efficiency Data

Revenue Segment

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Q3 FY25 Q3FY24
● Q3FY24 ● Q3FY25
25%
28%
58%
56%
17%
16%
Yarn Towel Sheeting Paper
● Bed& Bath Linen ● Yarn ● Paper
83.0% 81.0% 51.0% 47.0% 60.0% 50.0% 71.0% 84.0%
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*Tower – Bath Linen | Bed Sheet – Bed Linen

Earnings Presentation Q4 FY24 Q 3 | FY25

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QUARTERLY HIGHLIGHTS (P&L)

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ARTERLY HIGHLIGHTS (P&L)	ARTERLY HIGHLIGHTS (P&L)	ARTERLY HIGHLIGHTS (P&L)	ARTERLY HIGHLIGHTS (P&L)	ARTERLY HIGHLIGHTS (P&L)	ARTERLY HIGHLIGHTS (P&L)
Figures in INR Million
Particulars	Q3FY25	Q2FY25	QoQ Change	Q3FY24	YoY Change
Total Income	16,778	17,205	-2.5%	18,370	-8.7%
EBITDA	2,250	2,361	-4.7%	2,732	-17.7%
Depreciation	915	908	0.8%	893	2.5%
Finance Cost	345	462	-25.3%	400	-13.8%
PBT	990	991	-0.1%	1,439	-31.2%
Net Profit	779	835	-6.7%	1,074	-27.5%
Cash Profit	1,694	1,742	-2.8%	1,967	-13.9%
EPS (Rs.)	0.15	0.17	-11.8%	0.21	-28.6%

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Earnings Presentation Q4 FY24 Q 3 | FY25

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QUARTERLY MARGINS (P&L)

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14.9%
Exports as % of Revenue
13.7%
19000 70% 13.4%
18500
65%
18000
63%
60%
17500 Q3FY24 Q2FY25 Q3FY25
55%
17000 57% 56%
10.0%
16500 50%
8.4%
8.0%
16000
45%
15500
40%
15000
35%
14500
Q3FY24 Q2FY25 Q3FY25
14000 30%
Q3FY24 Q2FY25 Q3FY25
Exports% 5.8%
4.8%
4.6%
Revenue in INR Millions
Q3FY24 Q2FY25 Q3FY25
EBITDA MARGIN
EBIT MARGIN
Exports as of Income
18370 17206 16778
PAT MARGIN
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Q 3 | FY25

Earnings Presentation Q4 FY24 Q 3

BUSINESS KEY RATIOS

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Particulars	Q3FY25	Q2FY25
Current Ratio (with Current maturity of LT Debt)	1.80	1.74
Current Ratio (without Current maturity of LT Debt)	1.94	1.91
TOL/TNW	0.59	0.59
Debt Equity Ratio	0.34	0.37
Interest Coverage Ratio	3.87	3.15

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Earnings Presentation Q4 FY24 Q 3 | FY25

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QUARTERLY HIGHLIGHTS (B/S)

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Particulars	As on		As on
		As on
	Dec-23	Mar-24	Dec-24
Net Worth	42,484	43,091	43,670
Short Term Loans	6,238	8,018	3,474
Long Term Loans	12,820	12,590	11,008
Gross Debt	19,057	20,608	14,482
Cash & Cash Equivalents	4,493	5,270	5,029
Net Debt	14,564	15,338	9,453
Total Assets	74,029	Figures 75,223	in INR Million 69,378

Figures in INR Millions

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0.36
0.34
0.22
As on As on As on
Dec'23 Mar'24 Dec'24
1.54
1.33
1.05
As on As on As on
Dec'23 Mar'24 Dec'24
(in times)
NET DEBT/ EQUITY
(in times)
NET DEBT/ EBITDA
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As on As on As on Dec'23 Mar'24 Dec'24 Net Debt/EBITDA are annualized in nature

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Earnings Presentation Q4 FY24 Q 3 | FY25

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SEGMENT HIGHLIGHTS (P&L)

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Particulars	Q3FY25	Q3 FY24	Y-o-Y	Q2FY25	Q-o-Q		TEXTILEPAPER & CHEMICALS 84% 16% Revenue Share Q3FY25
			Change		Change
Textile
Revenue	14,049	15,143	-7.23%	14,757	-4.80%
EBIT	1,012	1,405	-27.96%	1,366	-25.89%
EBIT Margin	7.21%	9.28%	(207bps)	9.26%	(205bps)
Paper & Chemical
Revenue	2,577	3,089	-16.57%	2,334	10.41%
EBIT	541	741	-26.99%	665	-18.65%
EBIT Margin	20.99%	24.00%	(301bps)	28.50%	(751bps)

Figures in INR Million

28

Earnings Presentation Q4 FY24 Q 3 | FY25

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SUMMARY OF FINANCIAL STATEMENTS

29

Earnings Presentation Q4 FY24

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HISTORICAL P&L STATEMENT

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Particulars	FY20 FY21 FY22 FY23 FY24 9MFY25
Total Income	47,240 45,353 69,415 62,913 67,903 51,476
EBITDA	8,653 8,270 15,100 9,418 9,949 6,996
Depreciation	3,333 3,365 3326 3,102 3,602 2,729
EBIT	5,320 4,905 11,774 6,316 6,347 4,267
Finance cost	1,108 720 857 773 1,545 1,270
Profit before tax	4,212 4,451 10,917 5,543 5,163 2,996
Tax	794 994 2,767 1,324 1,267 646
Profit after tax	3,418 3,457 8,150 4,219 3,896 2,350
EPS (Actuals)	0.67 0.68 1.63 0.84 0.78 0.47
Cash Profit	6,751 6,822 11,224 7,321 7,498 5,079

Figures in INR Million

Recent performance and growth

• Total Revenue for the 9MFY25 stood at INR 51,476 Mn against INR 50,907 Mn for the 9MFY24.

• EBITDA Margin stood at 13.6 % in 9MFY25.

• PBT stood at 5.8% in 9MFY25.

• EPS stood at 0.47 for 9MFY25.

Margin improvement initiatives

• Developing new differentiated and innovative products leveraging consumer sentiments and behavior to earn premium.

• Catering to luxury, fashion accents, & sports segments.

• Increasing capacity utilization of plants through digitization of processes and adopting lean practices.

30

Earnings Presentation Q4 FY24 Q3 | FY25

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HISTORICAL BALANCE SHEET

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	As on	As on	As on	As on	As on	As on	As on	As on	As on	As on	As on
Particulars	March	31,	March	31,	March	31,	March 31,	March	31,	December
	2020		2021		2022		2023	2024		31,	2024
CAPITAL AND LIABILITIES
Capital	5,096		5,096		5,096		5,096	5,096		5,096
Reserves and surplus	24,573		28,070		32,876		36,162	37,995		38,574
Borrowings	19,518		15,355		15,706		13,741	20,608		14,482
Deferred tax liabilities	3,367		3,208		3,039		3,003	3,098		2,867
Other liabilities and provisions	4,630		5,813		7,590		9,130	8,426		8,359
TOTAL	57,184		57,542		64,307		67,132	75,223		69,378
ASSETS
Cash and cash equivalents	3,183		984		2,520		1,134	222		111
Balances with bank	190		139		214		2,383	5,048		4,918
Inventory	9,120		10,083		12,904		10,343	13,831		11,155
Trade receivables	2,785		4,545		5,285		2,720	4,137		3,417
Property, plant & equipment	35,734		36,979		36,202		39,638	44,617		43,426
Other assets	6,172		4,812		7,182		10,914	7,368		6,351
TOTAL	57,184		57,542		64,307		67,132	75,223		69,378

Figures in INR Million

31

Earnings Presentation Q4 FY24 Q3 | FY25

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FINANCIAL PERFORMANCE

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REVENUE
67%
65%
63%
61% 60%
56%
54%
FY20 FY21 FY22 FY23 FY24 9MFY24 9MFY25
Revenue Exports as %
47,240 45353 69415 62913 67903 50,907 51476
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EBITDA
22%
18% 18%
16%
15% 15%
14%
FY20 FY21 FY22 FY23 FY24 9MFY24 9MFY25
EBITDA EBITDA Margin
8653 8270 15100 9418 9949 8,025 6996
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PBT
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PAT
12%
8%
7% 7%
6%
6%
5%
FY20 FY21 FY22 FY23 FY24 9MFY24 9MFY25
PAT PAT Margin
3418 3457 8150 4219 3896 3254 2350
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16%
10%
9% 9%
9%
8%
6%
v
FY20 FY21 FY22 FY23 FY24 9MFY24 9MFY25
PBT PBT Margin
4212 4452 10916 5543 5163 4321 2996
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Figures in INR Millions

32

Earnings Presentation Q4 FY24 Q3 | FY25

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RATIOS SUMMARY

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Type	Parameters	FY20	FY21	FY22	FY23	FY24	9MFY25
Solvency Ratios	Net Debt/Equity						0.22
		0.54	0.42	0.34	0.25	0.36
							1.05
	Net Debt/EBITDA	1.87	1.72	0.86	1.09	1.54
	Interest Coverage Ratio						5.51
		7.81	11.49	17.62	12.17	6.44
Operational Ratios	Current ratio						1.80
		1.04	0.99	1.25	1.35	1.58
	Fixed asset turnover						1.53
		1.3	1.21	1.89	1.44	1.46
	Inventory days						59
		71	81	68	60	75
	Debtor days						18
		22	37	28	16	22
Return Ratios	ROE						7.2%
		11.5%	10.4%	21.5%	10.2%	9.2%
	ROCE						10.0%
		10.8%	10.1%	21.9%	11.5%	10.4%

Net Debt/Equity, Net Debt/EBITDA, ROE, ROCE are annualized

33

Q3 | FY25

Earnings Presentation Q4 FY24

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REVENUE SPLIT

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TEXTILES

PAPER

TEXTILES PAPER	TEXTILES PAPER
EARNINGS PRESENTATION **Q2	FY25 Largest Player in terms of Terry Towel Capacity & One of the largest players in Home Textile Space in India Highest Operating Margin among Key Listed Players in India REVENUE SPLIT BETWEEN SEGMENTS**
Trident Limit~~e~~d 26% 20% 28% 24% 26% 26% 29% 54% 64% 58% 55% 57% 57% 56% 20% 16% 14% 21% 17% 17% 14% FY20 FY21 FY22 FY23 FY24 9MFY24 9MFY25 Yarn Bed & Bath Linen Paper
Earnings Presentation Q3 FY25

Earnings Presentation Q3 FY25

34 34

Earnings Presentation Q4 FY24

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SEGMENTAL PERFORMANCE ANNUAL

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TEXTILES

PAPER

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18%
10%
9%
9%
8% 8%
7%
FY20 FY21 FY22 FY23 FY24 9MFY24 9MFY25
Sales EBIT
37,776 38,161 59,394 49,243 55,853 41,860 43,669
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34%
31%
27%
26%
25% 25%
24%
FY20 FY21 FY22 FY23 FY24 9MFY24 9MFY25
Sales EBIT
9225 7041 9800 13431 11451 8653 7396
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Figures in INR Million
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35

Q3 | FY25

Earnings Presentation Q4 FY24

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EARNINGS PRESENTATION Q2 | FY25

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GET IN TOUCH

Investor Relations, Trident Limited Tel: +91 9878997534 Fax: +91 161 5039 900 Email: jaydipchowdhury@tridentindia.com Visit us @ www.tridentindia.com

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Trident Limited

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Yarn | Bath & Bed Linen | Paper

Earnings Presentation Q3 FY25

36

Earnings Presentation Q4 FY24