TRENT LTD Announces Quarterly Results (3QFY19); Net Profit Up 6.3%

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TRENT LTD Announces Quarterly Results (3QFY19); Net Profit Up 6.3%
Wed, 13 Feb

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

TRENT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,2136,1596,5656.6%25.9%
Other incomeRs m4312494-23.8%117.0%
TurnoverRs m5,2576,2836,6596.0%26.7%
ExpensesRs m4,5275,5675,8394.9%29.0%
Gross profitRs m68659272622.6%5.8%
DepreciationRs m1051081166.9%10.2%
InterestRs m7110288-14.0%24.2%
Profit before taxRs m55450561622.0%11.3%
TaxRs m17517621421.4%22.3%
Profit after taxRs m37932940322.4%6.3%
Gross profit margin%13.29.611.1
Effective tax rate%31.634.834.7
Net profit margin%7.25.26.0
* 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 25.9% on a year-on-year (YoY) basis. The expenses were up by 29.0% YoY during the same period.
  • The company's operating profit increased by 5.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 3QFY19 as against 13.2% in 3QFY18.
  • Depreciation charges increased by 10.2% and finance costs increased by 24.2% YoY, respectively.
  • Other income increased by 117.0% YoY during the quarter.
  • Net profit for the quarter increased by 6.3% YoY. Net profit margins during the quarter declined from 7.2% in 3QFY18 to 6.0% in 3QFY19.
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 4.9% QoQ during the same period.
  • The company's operating profit increased by 22.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 3QFY19 as against 9.6% in 2QFY18.
  • Net profit for the quarter increased by 22.4% QoQ, while net profit margins increased from 5.2% in 2QFY18 to 6.0% in 3QFY19.

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 323.2 to Rs 341.6, registering a Gain of Rs 18.5 or around 5.7%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 341.6, the price to earnings (P/E) ratio of TRENT LTD stands at 92.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.1 times.

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