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%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 1.52

₹ 0.00

 

₹ 4.70

 

Net Margins

2.06%

-1.57%

 

6.72%

 

 

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.

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