Trent posts Q4 PAT of Rs 17 cr : vimarsana.com

Trent posts Q4 PAT of Rs 17 cr


Trent reported a 441% jump in consolidated net profit to Rs 17.44 crore on 7.4% rise in net sales to Rs 905.55 crore in Q4 FY21 over Q4 FY20.Consolidated pre-tax profit stood at Rs 39.87 crore in Q4 FY21 compared with pre tax loss of Rs 36.66 crore registered in Q4 FY20. The result was announced after market hours on Friday, 30 April 2021.
On a standalone basis, Trent registered net profit Rs 56.88 crore in Q4 FY21, steeply higher than Rs 2.61 crore posted in Q4 FY20. Net sales grew by 7% year on year to Rs 773.68 crore in Q4 FY21.
During the initial months of the quarter, Trent said that the pandemic related restrictions had eased considerably aiding sentiment and improving consumer traction. This coupled with various cost mitigation measures, including with respect to property related payouts and operating expenditures, led to profit from operations registering encouraging growth. However, Trent further added that the recovery has been impacted by the lockdown / trade restrictions announced by States starting mid-March.

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