TRENT LTD Announces Quarterly Results (2QFY20); Net Profit Up 16.3%

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TRENT LTD Announces Quarterly Results (2QFY20); Net Profit Up 16.3%
Thu, 14 Nov

TRENT LTD has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

TRENT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m6,1597,6728,1806.6%32.8%
Other incomeRs m12435943320.5%249.9%
TurnoverRs m6,2838,0318,6137.2%37.1%
ExpensesRs m5,5676,0336,85213.6%23.1%
Gross profitRs m5921,6391,328-19.0%124.4%
DepreciationRs m1085365859.2%440.2%
InterestRs m1025975980.2%484.6%
Profit before taxRs m505865578-33.2%14.4%
TaxRs m176286195-31.7%10.7%
Profit after taxRs m329579383-33.9%16.3%
Gross profit margin%9.621.416.2
Effective tax rate%34.833.033.7
Net profit margin%5.27.24.4
* 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 32.8% on a year-on-year (YoY) basis. The expenses were up by 23.1% YoY during the same period.
  • The company's operating profit increased by 124.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 2QFY20 as against 9.6% in 2QFY19.
  • Depreciation charges increased by 440.2% and finance costs increased by 484.6% YoY, respectively.
  • Other income increased by 249.9% YoY during the quarter.
  • Net profit for the quarter increased by 16.3% YoY. Net profit margins during the quarter declined from 5.2% in 2QFY19 to 4.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.6% QoQ during the same period.
  • The company's operating profit declined by 19.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 2QFY20 as against 21.4% in 1QFY19.
  • Net profit for the quarter declined by 33.9% QoQ, while net profit margins declined from 7.2% in 1QFY19 to 4.4% in 2QFY20.

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

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TRENT LTD Share Price Performance

Over the last one year,TRENT LTD share price has moved up from Rs 333.6 to Rs 499.0, registering a Gain of Rs 165.5 or around 49.6%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 499.0, the price to earnings (P/E) ratio of TRENT LTD stands at 108.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.1 times.

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