The Hindu Business Line : Trent Q3 net profit up 67%

Advertisement

Mumbai Jan. 31 Trent Ltd's net profit for the quarter ended December 31, 2006 rose by 67 per cent to Rs 10.71 crore up from Rs 6.42 crore in the same period the previous year.

Total income registered a growth of 30 per cent, up from Rs 96.37 crore to Rs 125 crore. Net sales and income from operations increased by 28 per cent to Rs 121.82 crore in the third quarter from Rs 95.16 crore.

The company's performance has boosted its earnings per share to Rs 7.34 in the third quarter of FY06-07 from Rs 4.45 in the corresponding quarter last year. Basic EPS for the nine months ended December 31, 2006 rose to Rs 17.47 compared with Rs 12.46 in the same period previous year.

Commenting on the Q3 performance, Mr Farrokh K. Kavarana, Chairman, Trent Ltd, said, "We have grown by 30 per cent over last year this quarter. We are confident that our growth and profitability will be sustained in the future as well."

All three brands in the Trent portfolio namely Westside (lifestyle retailing format), Landmark (the books and music store) and Star India Bazaar (hypermarket) have contributed significantly to the overall sales and profit growth.''

The Trent scrip rose by 0.17 per cent to close at Rs 803 at the BSE.

More Stories on : Financial Performance | Retailing

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Samsonite to step up sourcing from India

Trent Q3 net profit up 67%

Sam Balsara launches second outdoor agency

Reynolds plans product line with Tendulkar

Philips unveils new TV brand

Luxury taxi service in Bangalore

Alps' home fashion enters Kerala