TRENT LTD Announces Quarterly Results (3QFY20); Net Profit Up 38.4%
Fri, 7 Feb

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

TRENT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,5658,1808,6976.3%32.5%
Other incomeRs m94433382-11.6%306.0%
TurnoverRs m6,6598,6139,0795.4%36.3%
ExpensesRs m5,8396,8526,9621.6%19.2%
Gross profitRs m7261,3281,73530.7%139.0%
DepreciationRs m116585579-1.0%400.3%
InterestRs m88598593-0.9%573.3%
Profit before taxRs m61657894663.8%53.5%
TaxRs m21419538999.4%81.9%
Profit after taxRs m40338355745.6%38.4%
Gross profit margin%11.116.220.0
Effective tax rate%34.733.741.1
Net profit margin%6.04.46.1
* 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 32.5% on a year-on-year (YoY) basis. The expenses were up by 19.2% YoY during the same period.
  • The company's operating profit increased by 139.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 3QFY20 as against 11.1% in 3QFY19.
  • Depreciation charges increased by 400.3% and finance costs increased by 573.3% YoY, respectively.
  • Other income increased by 306.0% YoY during the quarter.
  • Net profit for the quarter increased by 38.4% YoY. Net profit margins during the quarter increased from 6.0% in 3QFY19 to 6.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.6% QoQ during the same period.
  • The company's operating profit increased by 30.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.0% in 3QFY20 as against 16.2% in 2QFY19.
  • Net profit for the quarter increased by 45.6% QoQ, while net profit margins increased from 4.4% in 2QFY19 to 6.1% in 3QFY20.

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 354.4 to Rs 632.8, registering a Gain of Rs 278.5 or around 78.6%.

Overall, the S&P BSE SENSEX is up 11.4% over the year.

Current Valuations

At the current price of Rs 632.8, the price to earnings (P/E) ratio of TRENT LTD stands at 125.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.8 times.