Trent net up 3.5 times

Company had posted standalone net profit of Rs 17.34 crore in the April-June quarter of last fiscal

Tata-owned Trent posted 3.5 times jump in its stand-alone net profit for the quarter ended June 2014 to Rs 61 crore compared to Rs 17 crore in the corresponding quarter of the previous financial year.

Its net sales went up 30 per cent to Rs 315 crore in the quarter compared to Rs 241 crore a year ago. Meanwhile, Kishore Biyani-led Future Lifestyle Fashions posted a 53 per cent dip in its net profit to Rs 3.6 crore for the quarter compared to Rs 7.7 crore a year ago.

However, Future Lifestyle's net sales went up 13% at Rs 683 crore in June quarter of current financial year as compared to Rs 611 crore it posted in the corresponding quarter of previous financial year.