Tata Group’s retail chain company Trent Limited has made a profit of Rs 335 crore in the second quarter of FY 2024-25. It has increased by 47% as compared to the same quarter a year ago. In the second quarter of FY 2023-24 (Q2FY24), the company had a profit of Rs 228 crore. Talking about the consolidated revenue from the company’s operations, it stood at Rs 4,156.67 crore in the July-September quarter. It has increased by 39.37% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 2,982.42 crore. The amount received from selling goods and services is called revenue. Total income of Trent Limited increased by 37% In the July-September quarter, the total income of Trent Limited increased by 37.30% year-on-year to Rs 4,204.65 crore. In the second quarter of the financial year 2023-24, the company’s income was Rs 3,062.47 crore. At the same time, during this period, the total expense of the company was Rs 3,743.61 crore. Shares of Trent fell more than 6% after the results After the quarterly results, Trent’s stock fell by 6.12% on Thursday (7 November). The company’s stock closed at 6,530, down 425 points. The company’s stock has fallen 12.34% in the last one month. Whereas, it has given a positive return of 44.98% in the last 6 months, 169.39% in one year and 117.51% since January 1 this year. The market cap of the company is Rs 2.31 lakh crore. Trent Limited runs hypermarket and supermarket chains Trent Limited is a subsidiary of Tata Group. The company acts as a retail chain operator in India. It started on 5 December 1952 as Lakme. Trent’s Westside along with Tata Group provides branded fashion apparel and other items for women, men and children. The company operates department stores, hypermarkets, supermarkets and specialty stores. Its products include clothing, shoes, cosmetics, perfumes, handbags, furniture and other accessories. ——————————————– Also read this news related to Tata Group… Tata Steel earns Rs 758 crore profit in second quarter: Revenue fell 3.19% to Rs 53,904 crore, stock gave 28% return in a year Tata Steel’s consolidated net profit in the second quarter (July-September) of FY 2024-25 increased on an annual basis (YoY) to Rs 758.84 crore. The company had suffered a loss of Rs 6,511 crore in the same quarter a year ago. Tata Steel has released its second quarter results today on 6th November. The consolidated revenue i.e. income from operations of Tata Steel has declined by 3.19% on yearly basis. Click here to read the full news…
