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Tata Group's retail chain company Trent Limited has made a profit of Rs 335 crore in the second quarter of the financial year 2024-25. This is an increase of 47% compared to the same quarter a year ago. The company had made a profit of Rs 228 crore in the second quarter (Q2FY24) of the financial year 2023-24.
Talking about the consolidated revenue from operations of the company, it stood at Rs 4,156.67 crore in the July-September quarter. There has been an increase of 39.37% on annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 2,982.42 crore. The amount received from selling goods and services is called revenue.
Trent Limited's total income increased by 37%
In the July-September quarter, the total income of Trent Limited increased by 37.30% on annual basis to Rs 4,204.65 crore. The company's income in the second quarter of the financial year 2023-24 was Rs 3,062.47 crore. At the same time, the total expense of the company during this period was Rs 3,743.61 crore.
Results Shares Trent's shares fell by more than 7%
Trent's stock is down 6.86% today Thursday (November 7) after quarterly results. At 1:00 pm the company's shares are trading at 6,484, down 471 points.
The company's shares have fallen 12.79% in the last 6 months. Whereas, it has given positive returns of 168.03% in one year and 116.41% this year i.e. from January 1 till now. The market cap of the company is Rs 2.30 lakh crore.
Trent's shares are down 6.69% after the results. It is trading at the level of Rs 6489, falling 465 points.
Trent Limited runs hypermarket and supermarket chains.
Trent Limited is a subsidiary company of Tata Group. The company works as a retail chain operator in India. It was started on 5 December 1952 as Lakme. Trent's Westside, in association with the Tata Group, provides branded fashion apparel and accessories for women, men and children.
The company operates department stores, hypermarkets, supermarkets and specialty stores. Its products include clothing, shoes, cosmetics, perfumes, handbags, furniture and other accessories.
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