Trent Q4 net up 28% at Rs 24.96 crore

Tata group firm Trent Ltd today reported a 28% increase in standalone net profit at Rs 24.96 crore for the fourth quarter ended March 31, 2014.

The company had reported a net profit of Rs 19.5 crore in the January-March quarter of the last fiscal.

Trent's net sales increased by 41.30% to Rs 298 crore in the quarter under review as against Rs 210.89 crore in the corresponding period last year, the company said in a BSE filing.

Overall expenses of the company were at Rs 323.06 crore during the quarter, an increase of 43.76% from Rs 224.72 crore logged in the year-ago period.

For the entire 2013-14 fiscal, the company reported a net loss of Rs 18.55 crore as against Rs 26.83 crore in the previous financial year.

The company reported net sales of Rs 2,272.30 crore during 2013-14 compared with Rs 2,017.27 crore in the previous financial year.

Trent Ltd scrip were trading at Rs 1,030 apiece on the BSE in the afternoon trade, up 2.36% from the previous close.