TRENT LTD Announces Quarterly Results (2QFY19); Net Profit Up 13.4%

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TRENT LTD Announces Quarterly Results (2QFY19); Net Profit Up 13.4%
Mon, 5 Nov

TRENT LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

TRENT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,2215,9066,1594.3%18.0%
Other incomeRs m11757124117.0%5.9%
TurnoverRs m5,3385,9636,2835.4%17.7%
ExpensesRs m4,7275,1965,5677.1%17.8%
Gross profitRs m494710592-16.6%19.9%
DepreciationRs m1011051082.8%7.2%
InterestRs m767510237.3%34.0%
Profit before taxRs m433587505-13.9%16.6%
TaxRs m143203176-13.4%23.2%
Profit after taxRs m290384329-14.2%13.4%
Gross profit margin%9.512.09.6
Effective tax rate%33.034.634.8
Net profit margin%5.46.45.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.0% on a year-on-year (YoY) basis. The expenses were up by 17.8% YoY during the same period.
  • The company's operating profit increased by 19.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.6% in 2QFY19 as against 9.5% in 2QFY18.
  • Depreciation charges increased by 7.2% and finance costs increased by 34.0% YoY, respectively.
  • Other income increased by 5.9% YoY during the quarter.
  • Net profit for the quarter increased by 13.4% YoY. Net profit margins during the quarter declined from 5.4% in 2QFY18 to 5.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit declined by 16.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 2QFY19 as against 12.0% in 1QFY18.
  • Net profit for the quarter declined by 14.2% QoQ, while net profit margins declined from 6.4% in 1QFY18 to 5.2% in 2QFY19.

To see how TRENT LTD has performed over the last eight quarters, please visit here.

TRENT LTD Share Price Performance

Over the last one year, TRENT LTD share price has moved up from Rs 298.9 to Rs 323.0, registering a Gain of Rs 24.1 or around 8.1%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 323.0, the price to earnings (P/E) ratio of TRENT LTD stands at 88.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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