Mumbai, Oct 28 (PTI) Shares of textile firm Trident today surged nearly 9 per cent after the company reported over two-fold increase in standalone net profit for the second quarter ended September 30, 2015.
The stock jumped 8.57 per cent to Rs 47.50 on BSE. At NSE, shares of the company soared 8.2 per cent to Rs 47.45.
Trident reported over two-fold increase in its standalone net profit to Rs 50.97 crore for the second quarter ended September 30, mainly on account of reduced expenses.
The Trident Group firm had posted a net profit of Rs 20.98 crore for the corresponding period of the previous fiscal, it had said in a filing to the BSE yesterday.
However, standalone total income of the company stood at Rs 960.99 crore for the quarter under consideration as against Rs 965.70 crore for the same period year ago.
In a separate filing to the bourses, the company said its board has declared second interim dividend of Rs 0.30 per fully paid up equity share of Rs 10 each of the company for the financial year 2015-16.