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 01:02 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 |
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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.
