Trent Q4 results: reports net profit of Rs. 17 cr; revenue at Rs. 906 cr
Trent: Tata group retail firm Trent Ltd on Friday reported a consolidated net profit of Rs. 17.44 crore for the fourth quarter ended March 2021.
Moreover, the company had posted a net profit of Rs. 3.21 crore in the January-March period a year ago, it said in a BSE filing. While its revenue from operations was at Rs. 905.54 crore during the quarter under review. It was Rs. 842.93 crore in the corresponding period of last fiscal.
While total expenses stood at Rs. 913.90 crore in Q4 FY 2020-21. Trent said its financial performance for the current quarter and year are not comparable with the previous fiscal as it has been impacted by COVID-19 related developments. Given the circumstances, the results for the current quarter and year not comparable with that of the corresponding quarter and previous year, it said.
Trent Chairman Noel N Tata said As I look back at the last financial year. We are very encouraged by the consistent and strong recovery of demand for our concepts in many markets across the country. When the pandemic-related restrictions eased. For the fiscal year 2020-21, It reported a net loss of Rs. 181.13 crore. It had posted a net of Rs. 105.97 crore in the previous year.
Trent would continue to focus on building differentiated brands. Meanwhile, the company in a separate filing said its board at its meeting held on Friday recommended a dividend of Rs. 0.60 per Equity Share of Rs. 1 each.
Established in 1998 as part of the Tata group, Trent Ltd operates Westside, one of India’s leading chains of fashion retail stores, Trent Hypermarket. Which operates in the competitive food, grocery, and daily needs segment, Landmark Stores and Zudio. Shares of Trent Ltd on Friday settled at Rs. 777.15 on the BSE, up 0.11 percent.
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