Trent posts Q3 net profit at Rs 37.89 crore

Tata group retail firm Trent Ltd today reported a standalone net profit of Rs 37.89 crore for the third quarter ended December 2017.

The company had posted a standalone net profit of Rs 37.72 crore in the October-December quarter a year ago.

Total income during the quarter under review stood at Rs 525.55 crore. It was Rs 446.72 crore in the corresponding quarter last fiscal, the company said in a BSE filing.

Its total expenses were at Rs 470.29 crore in Q3 of fiscal 2017-18.

"The results for the quarter and period ended on Dec 17 include results of value fashion business acquired by the company with effect from 1st October 2017. Hence results for the quarter and period ended on Dec'17 are not comparable with corresponding quarter and period of the previous year," the company said.

Trent Ltd said the results of the quarter were not comparable with the corresponding period of previous fiscal, which included a net exceptional gain.

"Results for the half year ended September 2015 are not comparable with results of corresponding half year of the previous year which included net exceptional gain of Rs 70.10 crore. Exceptional income Rs 0.28 crore for the quarter ended September 30, 2015 represents write back of excess provision for contingency made in the prior years," the company said.

Shares of Trent today settled at Rs 315.80 on BSE, up 3.10 per cent from previous closing.

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