Tata Stock Hits 20% Upper Circuit As Net Soars 124%, Jumps 116% In 6-Months

Large cap Tata Group stock Trent Ltd shares hit 20% upper circuit in trade today. Last trading price of Trent shares on BSE is Rs 3635.00 apiece with intraday rally of 19.79%. Trent shares jumped 114% in last 6-months only. Check details below:

Trent Declares Q3 Financial Results: The company for the quarter ended December 30, 2023 declared its consolidated net profit at Rs 374.36 crore, up 124% year-on-year (YoY) as compared to Rs 167 crore declared in the corresponding quarter of last year. Revenue for the period soared to Rs 3466 crore, up 50.5% from Rs 2303.4 crore announced in similar quarter of last year, as per the company's regulatory filing. Trent's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) witnessed a surge of 95% to Rs 629 crore. Margin announced at 18% as against 14% in the year ago period.

The company said, "Across formats, we continued to register consistent growth, serving as a reaffirmation of our strategic choices. Our operating discipline coupled with focus on the speed of execution supported our expansion agenda. Change in the revenue profile across formats remains aligned with our strategic objectives and plans. The gross margin profile of Westside and Zudio continue to remain consistent with earlier trends. Overall, Operating EBIT* margin for Q3FY24 is 13.0% (8.5% for Q3FY23). Performance of the business and the growth momentum encourages us to continue with our expansion plans."

As of 31 st December 2023, our portfolio included 227 Westside, 460 Zudio and 28 stores across other lifestyle concepts. During the quarter, we added 5 Westside and 50 Zudio stores across 36 cities including 13 new cities, added the BSE filing.

Trent Shares Performance & Return Over Years: The 52-week high price of Trent shares on BSE is Rs 3635.00 apiece and 52-week low price is Rs 1,207.00 apiece, respectively. Trent Ltd shares offered shareholders attractive returns over the years. Trent shares surged 197% in last 1-year, soared 244% in last 2-years, offered return of 425% in last 3-years, and gained 918% in last 5-years. In last 10-years. the scrip soared 3369%.

Trent About: As part of the Tata group, Trent's flagship concept, Westside offers branded fashion apparel, footwear and accessories for women, men and children, along with a range of home furnishings & decor. This offer is presented through a differentiated portfolio of exclusive brands that are in tune with latest fashion trends appealing to a wide spectrum of style conscious consumers across defined customer segments, according to its official website.

Disclaimer:

The stock highlights the rally in shares after Q3 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.