Trent Q2 Results Live: Profit Rises by 44.31% YOY
Trent Q2 Results Live: Revenue increased by 39.37% YoY & profit increased by 44.31% YoY
Trent Q2 Results Live : Trent Limited announced its Q2 results on November 7, 2024, showcasing a remarkable performance with a 39.37% increase in revenue year-over-year and a significant profit rise of 44.31%. Despite a quarterly comparison that reveals a slight revenue growth of 1.27% and a profit decrease of 13.71%, the annual figures highlight Trent's strong market position.
The company reported a decline in Selling, General & Administrative (SG&A) expenses by 9.38% quarter-over-quarter, although these expenses have surged by 42.25% year-over-year, indicating a shift in operational efficiency amidst rising costs in the longer term.
Operating income saw a modest increase of 3.4% quarter-over-quarter and an impressive 46.56% year-over-year, signaling robust operational performance. Furthermore, the Earnings Per Share (EPS) for Q2 stood at ₹9.53, reflecting a 44.39% increase compared to the same period last year.
In terms of market performance, Trent has experienced a -8.74% return over the past week, yet it boasts a substantial 47.59% return in the last six months and a remarkable 112.95% year-to-date return. The company's current market capitalization is ₹231,262.4 crore, with a 52-week high of ₹8,345 and a low of ₹2,438.2.
Analysts have mixed sentiments regarding Trent, with 1 strong sell, 2 sell, 4 hold, 6 buy, and 5 strong buy ratings out of 18 analysts covering the stock. As of November 8, 2024, the consensus recommendation is to buy, reflecting confidence in Trent's long-term growth potential.
Trent Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4156.67 | 4104.44 | +1.27% | 2982.42 | +39.37% |
| Selling/ General/ Admin Expenses Total | 707.32 | 780.51 | -9.38% | 497.22 | +42.25% |
| Depreciation/ Amortization | 196.95 | 181.32 | +8.62% | 152.22 | +29.39% |
| Total Operating Expense | 3710.61 | 3673.06 | +1.02% | 2678.07 | +38.56% |
| Operating Income | 446.06 | 431.38 | +3.4% | 304.35 | +46.56% |
| Net Income Before Taxes | 466.81 | 501.39 | -6.9% | 314.32 | +48.51% |
| Net Income | 338.74 | 392.58 | -13.71% | 234.73 | +44.31% |
| Diluted Normalized EPS | 9.53 | 11.04 | -13.68% | 6.6 | +44.39% |
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First Published:8 Nov 2024, 12:15 PM IST
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