Trent Q4 Net Up 28 Per Cent at Rs 24.96 Crore

Tata group firm Trent Ltd on Wednesday reported a 28 per cent increase in standalone net profit at Rs 24.96 crore for the fourth quarter that ended on March 31, 2014.

The company had posted a net profit of Rs 19.5 crore for the corresponding quarter a year ago.

Trent's net sales increased 41.30 per cent to Rs 298 crore in the quarter under review from Rs 210.89 crore a year ago, it said in a filing to the BSE.

Overall expenses of the company were at Rs 323.06 crore during the quarter, an increase of 43.76 per cent from Rs 224.72 crore logged in the year-ago period.

For the entire fiscal year 2013-14, the company reported a net loss of Rs 18.55 crore as against Rs 26.83 crore in the previous financial year.

The company reported net sales of Rs 2,272.30 crore during 2013-14 compared with Rs 2,017.27 crore in the previous financial year.

As of 3:21 p.m., shares in Trent were trading at Rs 1003.00 apiece on the BSE, down 0.33 per cent from the previous close.