Trent Limited is trading higher by 3% at Rs 1,188 after reporting almost three-fold jump in its standalone net profit at Rs 9 crore for the quarter ended September 2012 due to lower expenditure. Tata Group Company engaged in retail business had profit of Rs 3.40 crore in the corresponding quarter of previous year.
“Total income grew 5% at Rs 244 crore, while total expenditure increased by 1.4% at Rs 226 crore in September quarter over the previous year quarter,” Trent said in a filing. Operating margins has improved substantially to 8.32% from 4.99% during the recently concluded quarter.
The stock opened at Rs 1,169 and hit a high of Rs 1,206 on the NSE. A combined 7,387 shares have changed hands on the counter in opening deals on both the exchanges.