Latest news with #Nanda
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
India's Trident posts $207.24 mn revenue in Q1; EBITDA jumps 18%
Indian manufacturer of textiles Trident Limited has recorded a consolidated revenue of ₹1,727 crore (~$207.24 million) in the first quarter (Q1) of fiscal 2026 (FY26), down 8.31 per cent quarter-on-quarter (QoQ) and 1.75 per cent year-on-year (YoY). Notably, EBITDA surged 18.12 per cent QoQ to ₹312 crore, with an EBITDA margin of 18.06 per cent—an improvement of 404 basis points (bps) over the previous quarter. Trident Limited has reported a revenue of ₹1,727 crore (~$207.24 million) in Q1 FY26, with EBITDA rising 18.12 per cent QoQ. Net profit surged 89.39 per cent YoY to ₹140 crore (~$16.8 million). The company reduced net debt and posted ₹234 crore (~$28.08 million) in free cash flow. Home Textiles led segment-wise revenue, with continued focus on innovation, ESG, and sustainable growth. Depreciation stood at ₹93 crore, a marginal increase from ₹90 crore last quarter. Finance costs amounted to ₹31 crore, down 32.65 per cent YoY. Profit before tax (PBT) came in at ₹188 crore (~$22.56 million), up 9.32 per cent QoQ and 84.06 per cent YoY, while net profit reached ₹140 crore (~$16.8 million), reflecting a 4.89 per cent QoQ and a significant 89.39 per cent YoY increase, Trident said in a press release. The cash profit stood at ₹233 crore, rising 4.28 per cent QoQ and 40.54 per cent YoY. Earnings per share (EPS) improved to ₹0.27 from ₹0.25 in Q4 FY25 and ₹0.15 in Q1 FY25, recording a YoY growth of 83.19 per cent. The company's free cash flow for Q1 FY26 stood at ₹234 crore (~$28.08 million), while net debt reduced by ₹31 crore QoQ to ₹879 crore, despite a dividend payout of ₹254 crore in May 2025. The annualised net debt/EBITDA ratio improved to 0.71 from 0.95. Segment-wise performance, Home Textiles division led the way in Q1 FY26 with a revenue of ₹948 crore. The Yarn business contributed ₹902 crore. Meanwhile, the Paper and Chemicals segment recorded ₹260 crore in revenue. 'As we reflect on Trident Limited's Q1FY26 results, it's evident that amidst challenging macroeconomic conditions, our company has showcased quarter-on-quarter growth in terms of profitability, we have further strengthened our balance sheet by reducing net debt by 31 Crore and sustaining our Debt Equity Ratio at 0.35,' said Deepak Nanda, managing director, Trident Limited. 'Furthermore, our financial health has been reinforced through sustaining the Current Ratio at 1.87 from 1.98 on a QoQ basis, despite economic challenges and international fluctuation.' 'Our focus on innovative product pipelines aligned with evolving consumer preferences, combined with positive tailwinds from recent US tariff revisions and new FTA between India and UK, positions us favourably to capitalise on emerging opportunities as we maintain our commitment to sustainable growth and operational excellence,' added Nanda. 'Going forward, we shall continue focusing on improving our volumes, value added products and ESG. With this foundation, Trident Limited stands poised to continue its journey of sustainable growth and innovation in the ensuing period.' Fibre2Fashion News Desk (SG)
Time of India
4 days ago
- Business
- Time of India
FTA with UK to benefit thousands of chartered accountants, firms: ICAI president
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The India-UK free trade agreement is expected to significantly boost the flow of high-value professional services work into India, benefiting thousands of chartered accountant firms and professionals, Institute of Chartered Accountants of India ( ICAI ) president Charanjot Singh Nanda said on Friday.'By actively engaging with the commerce and industry ministry, the ICAI ensured liberal market access and the inclusion of a reciprocity clause protecting the use of the 'chartered accountant' title,' Nanda would benefit from the FTA due to its cost advantage, skilled workforce, and reputation, he has pledged to open 108 sub-sectors of services, including accounting, environmental services and auxiliary financial services, to UK firms under the trade deal signed on Thursday. In return, London will grant Indian companies access to 137 sub-sectors covering nearly all of New Delhi's current services said the ICAI also rooted for mutual recognition of qualifications, enabling Indian chartered accountants to register and practice in the UK on a reciprocity ICAI, through its Council, had provided technical inputs on licensing, qualification recognition, and digitally delivered services, leading to the formal inclusion of cross-border supply under the so-called Mode 1 services, Nanda said. 'This opens significant outsourcing opportunities in areas such as bookkeeping, tax and consulting,' he the ICAI had facilitated provisions for commercial presence under Mode 3 services, which will enable Indian firms to register and operate in the UK without discriminatory restrictions while restoring the principle of reciprocity, Nanda said.
Time of India
4 days ago
- Business
- Time of India
India-UK FTA will provide liberal market access for Indian accountancy professionals: ICAI
The India-UK Free Trade Agreement will provide liberal market access for Indian accountancy professionals as well as help in significantly expanding the volume of high-value professional services work flowing into India, chartered accoutants' apex body ICAI said on Friday. The Institute of Chartered Accountants of India (ICAI) said it played a pivotal role in securing favourable provisions for Indian professionals in the FTA. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Cybersecurity Data Science CXO Operations Management Management Artificial Intelligence Others Product Management Leadership Design Thinking healthcare MCA MBA Degree Project Management Data Analytics Digital Marketing Data Science Technology Public Policy others PGDM Healthcare Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details ICAI President Charanjot Singh Nanda told PTI that the institute actively engaged with the commerce and industry ministry to ensure "liberal market access and the inclusion of a reciprocity clause protecting the use of the 'Chartered Accountant' title". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Finland & Norway Citizens: Apply for U.S. Citizenship americ24 Apply Now The institute provided technical inputs on licensing, qualification recognition, and digitally delivered services, leading to the formal inclusion of cross-border supply in the FTA. "This opens significant outsourcing opportunities in areas such as book keeping, tax and consulting," he said and added that the institute also advocated for mutual recognition of qualifications, enabling Indian chartered accountants to register and practice in the UK on a reciprocity basis. Live Events "ICAI facilitated provisions for commercial presence, enabling Indian firms to incorporate and operate in the UK with national treatment and without discriminatory restrictions while restoring the principle of reciprocity," Nanda said. Given India's cost advantage, skilled workforce, and trusted reputation, Nanda said the FTA is expected to significantly expand the volume of high-value professional services work flowing into India, benefiting thousands of chartered accountant firms and professionals. ICAI has more than 4.35 lakh members.
Hindustan Times
5 days ago
- Politics
- Hindustan Times
New trainee policy to end ad hoc system in two years: Himachal govt
Facing backlash on the new trainee policy, the state government on Thursday clarified that the aim of the new trainee policy was to make the functioning of departments more smooth, efficient and opposition Bharatiya Janata Party has been demanding the rollback of the policy in favour of youth. The objective of the new policy was to end the ad-hoc system and ensure regularisation of employees after a two-year period, the Himachal government said. (HT File) In a statement issued here, the spokesperson said that previously the period for regularising contractual employees depended on ad-hoc decisions and the discretion of the government in power and the duration varied from two to eight years. The objective of the new policy was to end the ad-hoc system and ensure regularisation of employees after a two-year period, he said. He also clarified that there was no provision in the new policy to terminate the services of any trainee after two years. Meanwhile, the state BJP media incharge Karan Nanda said the central and state Congress leaders who had promised one lakh jobs in the first cabinet and five lakhs jobs in five years have cheated the unemployed youth by bringing trainee policy. Nanda said that hundreds of educational, health, revenue and other institutions have been de-notified in the past 2.5 years of Congress government, development has come to a standstill and unemployed youth seeking jobs are protesting on roads. So far, the nodal agency has not been decided by the government and such policies would lead to corruption, he said, adding that the examination after two years of recruitment is the new change in the system. The state government spokesperson said that some political leaders were spreading misinformation regarding the policy and questioned how the Agniveer scheme, which was once a key recruitment source for Himachali youth, has now completely shut its doors. He said that the new policy has been designed keeping in mind the interests of the youth and that most of its provisions were similar to the previous contract policy. He further said that a departmental examination would be conducted after the two-year training, for which the personnel department would soon issue detailed guidelines. All candidates selected through the Himachal Pradesh Public Service Commission (HPPSC) and the Rajya Chayan Aayog would be regularised after completing the two-year trainee period. Under this policy, newly appointed trainees would undergo two years of practical training during which they would learn the functioning of their respective departments and after the training, they would be better equipped to handle departmental responsibilities with greater skill and efficiency, he added.
Time of India
22-07-2025
- Sport
- Time of India
Bihar's Shatakshi working on ‘slow start' while eyeing inter state nationals
Kolkata: Shatakshi Rai couldn't have hoped for a better result at home. After running her personal best of 11.91 seconds in 100m at the Indian Grand Prix 2 in Trivandrum and putting up an impressive show at the state meet early this month, the Patna girl won the overall 100m at the Indian Open Athletics ahead of Srabani Nanda at Patliputra Sports Complex in Kankarbagh, Patna, on Saturday. The 23-year-old ran 12.04 seconds in Race A, which was .01 faster than Nanda, who ran 12.05 seconds in Race C, and is now looking forward to continuing her good show at the National Inter State Senior Athletics Championships in Chennai next month. But to do well there she will have to work on her start, and she is well aware of it. "Something I'm confident about is my max velocity. And when I'm at my max velocity, I can catch most of the athletes. But I have a very slow start. My reaction is not good. That is something I need to work on," said Rai during an interaction with TOI. Besides the Chennai meet, she will be competing at two more events this year, but her main target is to make it to the Asian Games and the Commonwealth Games in 2026. It will be quite an achievement for Rai, who had two surgeries, the latest of which was just two years back, because she was having constant injuries. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo "I had two ACL reconstruction surgeries on my left knee — the first in 2019 and the second in 2023. It's been about two years since I started training again, and my progress has been very encouraging. I've been hitting personal bests in almost every competition," added the Patna athlete, who trains at Kalinga Stadium in Bhubaneswar under former India sprinter Manikanta Raj. And training in Bhubaneswar itself has been quite an experience for the KIIT University student, who is doing masters in Transportation Engineering. "I got to train with one of my idols — Dutee Chand — for a few months, and it was special. The environment is very professional, and you are always surrounded by other major athletes, and that gives you competitive energy," she further added. However, she wasn't too pleased with her performance at the Indian Open Athletics but felt good beating Nanda, who was part of the 4x100m relay team that won the silver in the Asian Athletics Championships. "She's a legend. She has achieved so much success. Obviously, timing better than her was a very good experience. But I know I must work hard to get to her level," she said. Hopefully, she will be able to do that with the support from her coach and her parents, but, for now, this win will certainly give her a huge boost that will inspire her to work even harder.
