Trident and KRBL See Shares Rally on Strong Q2 Earnings

Trident shares reached a day’s high of Rs 25.18 on the BSE following the release of its financial results for the second quarter of FY27. The company registered a net profit of Rs 175.50 crore, marking a 93.1% year-on-year increase. Improved EBITDA and margins supported the earnings growth, even though quarterly revenue from operations decreased by 4% to Rs 1,719.50 crore.

The firm's board approved a capacity expansion and modernisation initiative requiring an investment of Rs 4,650 crore across multiple business segments. The program involves adding spindles in Madhya Pradesh, establishing a new yarn manufacturing facility in Dhar, upgrading equipment, and building an 80-megawatt hybrid renewable energy project.

Meanwhile, KRBL shares climbed nearly 9% after announcing a 51% rise in second-quarter profit compared to the previous year. According to reports, the positive stock momentum was supported by strong domestic sales and improved operating performance, alongside a 14% increase in revenue.