New Delhi, Nov. 3 -- Trident shares surged 13.42% on Tuesday, 3 November, after the company reported a sharp rise in its September-quarter profit and announced an in-principle approval for a Rs.4,650 crore capacity expansion and modernisation programme.

The textile and paper manufacturer reported a 93.1% year-on-year increase in consolidated profit attributable to owners to Rs.175.5 crore in Q2 FY27, compared with Rs.90.9 crore in the corresponding quarter of the previous financial year.

However, revenue from operations declined 3.8% to Rs.1,719.48 crore from Rs.1,787.17 crore in Q2 FY26.

Despite the decline in revenue, the company delivered a significant improvement in operating performance. EBITDA rose 46.5% year-on-year to Rs.313.7 ...