Trent rallies 9% on strong September quarter results

The company said the recovery in revenue coupled with various cost mitigation measures, including with respect to property related pay-outs led to improved operating profitability

Shares of Trent rallied 9 per cent to Rs 1,133 on the BSE in Wednesday’s intra-day trade after the company reported a strong set of September quarter (Q2FY22) earnings, with standalone profit after tax (PAT) of Rs 126 crore on back of healthy revenue. The Tata Group company had posted loss of Rs 48 crore in a year ago quarter (Q1FY22).

In Q2FY22, the company’s standalone revenues more-than-doubled or up 126 per cent to Rs 1,020 crore from Rs 452 crore in the corresponding quarter of previous fiscal. Furthermore, tight leash on operating overheads translated into the company reporting