Tata Group's retail chain company Trent Limited has posted a revenue of Rs. 335 crores profit has been made. Which represents an increase of 47% compared to the same quarter a year ago. In the second quarter of the financial year 2023-24 (Q2FY24), the company posted Rs. 228 crore profit was made.
Talking about the consolidated income from the company's operations, it stood at Rs. 4,156.67 crores. There has been an increase of 39.37% year-on-year. In the same quarter a year ago, the company posted Rs. 2,982.42 crores in revenue. The amount received from the sale of goods and services is called revenue.
Trent Limited's total revenue increased by 37%
Trent Ltd's total revenue rose 37.30% year-on-year to Rs 4,204.65 crore in the July-September quarter. The company's revenue in the second quarter of the financial year 2023-24 was Rs 3,062.47 crore. At the same time the total expenditure of the company during this period was Rs. 3,743.61 crores.
Results Shares Trent shares fell more than 7%
Shares of Trent are down 6.86% today Thursday (November 7) after quarterly results. Shares of the company are trading down 471 points at 6,484 at 1:00 pm.
Shares of the company have declined 12.79% over the past 6 months. While it has given a positive return of 168.03% in one year and 116.41% this year i.e. from January 1 till now. The market cap of the company is Rs 2.30 lakh crore.
Trent shares are down 6.69% following the results. It is trading at Rs 6489, down 465 points.
The hypermarket and supermarket chain is run by Trent Limited
Trent Limited is a subsidiary of the Tata Group. The company operates as a retail chain operator in India. It was launched on December 5, 1952 as Lakme. Trent's Westside, in association with the Toto Group, offers branded fashion apparel and accessories for women, men and children.
The company operates departmental stores, hypermarkets, supermarkets and specialty stores. Its products include clothing, shoes, cosmetics, perfumes, handbags, furniture and other accessories.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
