Trent Q4 net profit up 37 per cent

PTI New Delhi | Updated on April 29, 2019 Published on April 29, 2019

Tata group retail firm Trent Ltd on Monday reported an increase of 36.79 per cent in standalone net profit at ₹ 15.95 crore for the fourth quarter ended March 31, 2019.

The company posted a profit of ₹ 11.66 crore in the January-March quarter a year ago, Trent said in a BSE filing.

Total income during the quarter under review was up 25.64 per cent to ₹ 677.49 crore as against ₹ 539.22 crore in the year-ago period.

“Led by the own branded offer, Westside has continued to perform well and has seen the opening of 27 new stores, the maximum compared to any previous year,” Trent Chairman Noel N Tata said.

Total expenses during the quarter were at ₹ 658.71 crore as against ₹ 522.40 crore in March quarter 2017-18.

For the entire 2018-19 financial year, Trent’s profit stood at ₹ 127.49 crore as against ₹ 116.72 crore in the previous year.

Total income in the last fiscal stood at ₹ 2,567.98 crore as compared to ₹ 2,108.84 crore in 2017-18.

Trent’s board has recommended a dividend of ₹ 1.30 per equity share aggregating to ₹ 52.08 crore including dividend distribution tax, for 2018-19.

Shares of Trent on Monday settled at ₹ 354.60 on BSE, down 0.74 per cent from the previous close.

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Published on April 29, 2019
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