Trent reported a 21.5% rise in consolidated net profit to Rs 53.87 crore in Q3 December 2019 as against Rs 44.33 crore reported in Q3 December 2018.
Consolidated net sales jumped 45.3% to Rs 988.29 crore in Q3 December 2019 as compared to Rs 680.3 crore reported in Q3 December 2018.
Profit before tax (PBT) for Q3 December 2019 stood at Rs 93.89 crore, up by 38.5% from Rs 67.81 crore reported in Q3 December 2018. Tax expenses stood at Rs 9.17 crore in Q3 December 2019, declining 64.6% from Rs 25.94 crore reported in Q3 December 2018.
The company said that sales of Westside format for the nine months ended 31 December 2019 was higher by 22 % (Like to Like 12 %) as compared to the corresponding previous period.
Shares of Trent were currently trading 4.69% higher at Rs 621.90 on BSE. In last one month, Trent has surged 17% as compared to a 0.65% rise in benchmark Nifty 50 index.
Trent is engaged in the retail sale of readymade garments. The company's segments include retailing and others. It primarily operates stores across three formats: Westside, Star and Landmark.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)