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The company's financial performance is strong. Its quarterly and annual consolidated financial statements showed positive results. As of March 31, 2023, the company has a large order book worth Rs 9,079 crore. The company is also nearly debt-free and consistently offers a healthy dividend payout of 71.60 per cent.

Overall, Trident Lifeline Limited's Q1FY24 financial performance demonstrates its strong market position and ability to capitalize on growth opportunities in the pharmaceutical industry.

According to the annual results, the net sales increased by 2.25 per cent to Rs 182 crore and net profit skyrocketed by 300 per cent to Rs 2 crore in FY23 over FY22.

Recently, the company announced its quarterly results ended June 30, 2023 wherein the net sales increased by 33.55 per cent to Rs 47,882 crore and net profit increased by 39 per cent to Rs 3,096 crore in Q1FY24 over Q1FY23. As of June 30, 2023, the company order book stands at Rs 4.13 lakh crore.

On Wednesday, Indian equity markets ended on a negative note