Trent reports Q3 net profit at Rs 31.32 crore

Tata group retail firm Trent today reported a standalone net profit of Rs 31.32 crore for the third quarter ended December.
The company had posted a net profit of Rs 16.03 crore for the corresponding period of the previous fiscal, Trent Ltd said in a BSE filing.
Standalone total income from operations of the company rose to Rs 383.61 crore for the quarter under consideration as against Rs 344.61 crore for the same period a year ago.
"The results for the quarter and nine months ended December 31, 2015, are not comparable with the results of the corresponding quarter and nine months of the previous year which included net exceptional expenses of Rs 13.08 crore for the quarter and net exceptional gain of Rs 57.02 crore for nine months," Trent said.

In a separate filing, the company said its Board has "approved the issue and allotment of equity shares held in abeyance for the rights issue made by the company in the year 2007 and 2010".
Trent Ltd shares today closed 1.13 per cent down at Rs 1,470.55 apiece on the BSE.