Trent Q4FY23 PAT turned around to a profit of Rs45.01 crore on higher top line revenues
Trent Ltd reported 64.3% growth in net sales for the March 2023 quarter at Rs2,183 crore. The sale revenues were down -5.24% on a sequential basis and the sequential pressure came from a slowdown in retail demand in the March quarter as compared to the December quarter, especially in the core retail business.
Financial highlights for Mar-23 compared yoy and sequentially
Trent Ltd | |||||
Rs in Crore | Mar-23 | Mar-22 | YOY | Dec-22 | QOQ |
Total Income (Rs cr) | ₹ 2,182.75 | ₹ 1,328.66 | 64.28% | ₹ 2,303.38 | -5.24% |
Net Profit (Rs cr) | ₹ 45.01 | ₹ -20.87 | -315.67% | ₹ 154.81 | -70.93% |
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Diluted EPS (Rs) | ₹ 1.52 | ₹ 0.00 |
| ₹ 4.70 |
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Net Margins | 2.06% | -1.57% |
| 6.72% |
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Net profits turned around to Rs45 crore from a net loss of Rs-21 crore due to better management of costs and higher top line revenues across all the retail verticals, especially Westside arm of the Tata group. The board has declared a final dividend of Rs2.20 per share with the record date fixed at 25th May 2023.