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Trent Rallies 9% on Strong Third Quarter Results

On Wednesday, shares of Trent Ltd has rallied 9 per cent to Rs 1,133 intra-day trade after the company reported a robust set of September quarter (Q2FY22) earnings, with standalone profit after tax (PAT) of Rs 126 crore on the back of healthy revenue. The Tata Group company had posted a loss of Rs 48 crore in a year ago quarter (Q1FY22).

In Q2FY22, the company’s standalone revenues were more-than-doubled or up 126 per cent to Rs 1,020 crore from Rs 452 crore in the corresponding quarter of the previous fiscal. Furthermore, a tight leash on operating overheads translated into the company reporting solid earnings before interest, tax, depreciation and amortization (Ebitda) margins of 21.7 per cent from 1.4 per cent in Q2FY21.

Trent said the recovery in revenue coupled with various cost mitigation measures, including property-related pay-outs, led to improved operating profitability. The company witnessed a rapid recovery in customer offtake, starting from the middle of June 2021, as businesses reopened in many markets.

Stock Covered in the news

Trent Ltd-View Detailed Analysis

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