Trent Ltd. Q3 FY2024 results: revenue ₹3,467 crore, up 50.5% on the year
Trent Ltd. (TRENT) reported consolidated revenue from operations of ₹3,467 crore for Q3 FY2024, the quarter ended 31 December 2023, up 50.5% on the same quarter a year earlier. Profit after tax was ₹371 crore, up 139.4% on the year, and earnings per share ₹10.53. The figures are the company's own, from the unaudited results it filed with NSE on 7 February 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 3,467 | 2,982 | n/a | n/a |
| Other income | 80 | 80 | n/a | n/a |
| Total income | 3,547 | 3,062 | n/a | n/a |
| Cost of materials consumed | 0 | 0 | n/a | n/a |
| Purchases of stock-in-trade | 1,896 | 1,822 | n/a | n/a |
| Changes in inventories | 40 | -138 | n/a | n/a |
| Employee benefit expense | 267 | 232 | n/a | n/a |
| Finance costs | 99 | 95 | n/a | n/a |
| Depreciation, depletion and amortisation | 165 | 152 | n/a | n/a |
| Other expenses | 635 | 609 | n/a | n/a |
| Total expenses | 3,101 | 2,774 | n/a | n/a |
| Profit before exceptional items and tax | 446 | 289 | n/a | n/a |
| Exceptional items | 0 | 0 | n/a | n/a |
| Profit before tax | 446 | 289 | n/a | n/a |
| Current tax | 105 | 95 | n/a | n/a |
| Deferred tax | -1 | -8 | n/a | n/a |
| Total tax | 105 | 86 | n/a | n/a |
| Profit after tax | 371 | 228 | n/a | n/a |
| Attributable to owners of the parent | 374 | 235 | n/a | n/a |
| Other comprehensive income | 5 | 1 | n/a | n/a |
| Total comprehensive income | 375 | 229 | n/a | n/a |
| EPS, basic | ₹10.53 | ₹6.60 | n/a | n/a |
| EPS, diluted | ₹10.53 | ₹6.60 | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.01 | 0.02 | n/a | |
| Debt service coverage | 0.03 | 0.02 | n/a | |
| Interest service coverage | 0.05 | 0.04 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,628 | 2,982 | 3,467 | 3,298 | 4,104 | 4,157 | 4,657 | 4,883 | 4,818 | 5,345 | 5,028 | 5,755 |
| Expenses | 2,495 | 2,774 | 3,101 | 3,074 | 3,705 | 3,744 | 4,096 | 4,369 | 4,367 | 4,674 | 4,521 | 5,083 |
| Operating profit | 367 | 457 | 629 | 470 | 613 | 643 | 842 | 848 | 817 | 1,081 | 927 | 1,129 |
| OPM % | 14% | 15% | 18% | 14% | 15% | 15% | 18% | 17% | 17% | 20% | 18% | 20% |
| Other income | 52 | 80 | 80 | 77 | 46 | 48 | 59 | 41 | 28 | 19 | 28 | 30 |
| Interest | 92 | 95 | 99 | 33 | 32 | 33 | 37 | 40 | 42 | 43 | 44 | 47 |
| Depreciation | 141 | 152 | 165 | 213 | 181 | 197 | 245 | 293 | 325 | 367 | 377 | 410 |
| Exceptional items | 0 | 0 | 0 | 576 | 0 | 0 | 0 | 0 | 0 | -26 | 0 | 0 |
| Profit before tax | 186 | 289 | 446 | 877 | 446 | 461 | 620 | 555 | 478 | 664 | 535 | 702 |
| Tax % | 25% | 30% | 23% | 24% | 25% | 29% | 24% | 25% | 22% | 25% | 20% | 25% |
| Net profit | 167 | 228 | 371 | 712 | 391 | 335 | 497 | 425 | 373 | 510 | 413 | 518 |
| EPS in ₹ | ₹4.88 | ₹6.60 | ₹10.53 | ₹19.81 | ₹11.04 | ₹9.53 | ₹13.99 | ₹12.09 | ₹10.60 | ₹14.42 | ₹11.26 | ₹9.73 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 7 February 2024: the result statement. All of Trent Ltd.'s results: NSE company page.
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