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Trent clocks 303% y-o-y growth in Q1FY23 PAT at Rs180 crore; stock jumps ~3%

12 Aug 2022 , 02:04 PM

Trent Limited announced its financial results for the quarter ended June 30, 2022.

The company reported revenue of Rs1,756 crore in Q1FY23, up by 408% yoy against Rs345 crore in the previous corresponding quarter.

Company’s Profit from Operations for Q1FY23 was reported at Rs180 crore, up by 303% yoy against a loss of Rs89 crore in Q1FY22.

Its Consolidated revenues for Q1FY23 stood at Rs1,803 crore, up by 267% yoy over Q1FY22 and 125% over Q1FY20. Profit after tax (attributable to equity shareholders) was reported at Rs130 crore for Q1FY23.

The company stated that its fashion concepts recorded their highest-ever quarterly revenues in Q1FY23, driven by a strong recovery in consumer sentiment.

Company’s retail fashion brand Westside registered an LFL growth of 24% against Q1FY20.

Trent now has a portfolio of over 450 fashion stores. It emphasized that across concepts, the performance of new stores added in the last 12 months is encouraging and is in line with its expectations.

At around 2.01 PM, Trent Ltd was trading at Rs1,383 up by Rs43.3 or 3.23% from its previous closing of Rs1,339.70 on the BSE. The scrip touched intraday high and low of Rs1,390 and Rs1,333.90 respectively.

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