Trent Ltd's Q3FY19 standalone net profit rises 6.3% yoy to Rs40.28cr: Misses Estimates

The company’s standalone revenue in the quarter stood at Rs656.47cr, up 25.9% yoy and 6.6% qoq.

Feb 05, 2019 06:02 IST India Infoline Research Team

Trent Ltd Q3FY19

Standalone Results Q3FY19: (in Rs cr)

Q3FY19 YoY (%)
Revenue 656.47 25.9
EBITDA 72.60 5.8
EBITDA Margin (%) 11.1 [210]
Net Profit (adjusted) 40.28 6.3
***EBITDA margin change is bps

Trent Ltd’s revenue in Q3FY19 grew 25.9% yoy and 6.6% qoq to Rs656cr. EBITDA came in at Rs72.6cr, up 5.8% yoy and 22.6% qoq. EBITDA margin, however, contracted 210bps yoy and 145bps qoq to 11.1%. The company’s adjusted net profit in the quarter stood at Rs40cr, up 6.3% yoy and 22.4% qoq. EBITDA and net profit were below the estimates of Rs81cr and Rs45cr, respectively.

• Cost of goods sold stood at 47% of sales vs 43.4% yoy, weighing on the EBITDA margin.
• Other expenditure stood at 19.4% of sales vs 21.2% yoy.
• Other income grew 117% yoy to Rs9cr.
• Tax rate for the quarter stood at 34.7% vs 31.6% yoy.

Technical View:

Trent Ltd share price is currently at Rs355, up 4.3 points, or 1.23%, from its previous close of Rs350.70 on the BSE. The scrip opened at Rs355.10 and touched a high and low of Rs365 and Rs349.55, respectively. A total of 3,48,444 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50-DMA.

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