Trent Ltd Q1 net at Rs 16 cr

Tata group retail firm Trent Ltd today reported standalone net profit of Rs 16.06 crore for the first quarter ended June 30, 2015-16.
The company had posted a standalone net profit of Rs 61.11 crore in the April-June quarter last fiscal.
Net sales during the quarter under review stood at Rs 341.53 crore, while in the same quarter last fiscal it was Rs 314.79 crore, the company said in a BSE filing.
Trent Ltd said the results of the quarter were not comparable with the corresponding period of previous fiscal, which included a net exceptional gain of Rs 70.18 crore.

Sales of Westside format for the quarter are higher by 16 per cent compared to the corresponding period last fiscal, the company said.
In the first quarter this fiscal, employee benefits expenses increased to Rs 32.29 crore from Rs 27.89 crore in the year-ago period.

Advertising expenses also increased to Rs 9.74 crore from Rs 8.21 crore in the same quarter last fiscal.
The company said during the quarter it sold its stake in equity Landmark E-tail at a loss of Rs 10 lakh.
Shares of Trent Ltd ended the day at Rs 1,251.50, up 2.03 per cent from the previous close on the BSE.