Home >companies >Trent net profit falls to Rs11.43 crore

Mumbai: Retail chain Trent Ltd’s standalone net profit dropped to 11.43 crore in the September quarter, compared with 15.6 crore a year ago, missing analysts’ expectations.

Trent, a Tata group company, operates Westside and Star Bazaar stores.

A Bloomberg poll of three analysts had estimated net profit at 15.37 crore and net sales at 362 crore.

However, the results for the quarter are not comparable with the corresponding quarter in the previous year, as it includes the results of Landmark Ltd, Fiora Link Road Properties Ltd and Trexa Admc Pvt. Ltd. These companies were amalgamated with Trent in April this year, the company said in a statement to BSE.

Total revenue for the quarter increased 27.51% to 375.05 crore from 290.20 crore in the year-ago quarter.

Trent’s stock ended at 1,343.40 on BSE on Monday, up 1.1% from previous close, while India’s benchmark Sensex index fell 0.02% to close at 27,860.38 points. The BSE was closed on Tuesday on account of a public holiday.

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