Trent Ltd's Q1FY19 standalone net profit rises 0.54% yoy to Rs38.36cr : Beats Estimates

The company’s standalone revenue stood at Rs590.61cr, up 19.52% yoy and 11.7% qoq.

Aug 08, 2018 05:08 IST India Infoline Research Team

Trent Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 590.61 19.5
EBITDA 70.97 21.4
EBITDA Margin (%) 12.02 19
Net Profit (adjusted) 38.36 0.5
***EBITDA margin change is bps

Trent Ltd’s revenue grew by 19.5% yoy and 11.7% qoq to Rs591cr. EBITDA came in at Rs71cr, up 21.4% yoy and 184.9% qoq. EBITDA margin expanded by 19bps yoy and 730bps qoq to 12.02%. Company’s adjusted Net profit stood at Rs38cr, up 0.5% yoy and 228.8% qoq. Revenue and EBITDA came above estimate of Rs573cr and Rs70cr respectively.

• Revenues of Westside format for Q1FY19 was higher by ~17% yoy (Like to Like 8%), which drove overall revenue growth. 
• Cost of goods sold stood at 45.6% of sales vs. 44.4% yoy. However, this was offset by savings in the other expenditure, which stood at 19.9% of sales vs. 20.8% yoy.
• Lower Net profit growth is on account of decline in the other income by 64.4% yoy to Rs57cr.

Technical View:

Trent Ltd is currently trading at Rs. 359, down by 1.9 points or 0.53% from its previous closing of Rs. 360.90 on the BSE.
The scrip opened at Rs. 360.90 and has touched a high and low of Rs. 360.95 and Rs. 352.35 respectively. So far 87,165 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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