Trent Q4 net dips marginally to Rs 19.5 cr

Board recommends dividend of Rs 7 per equity share

Tata group's retail venture Trent Ltd today reported a marginal decline in standalone net profit for the fourth quarter ended March 31, 2013 at Rs 19.5 crore.

The company had posted a standalone net profit of Rs 19.52 crore in the same period of 2011-12 fiscal, Trent Ltd said in a filing to the BSE.

Total income from operations during the quarter under review stood at Rs 229.59 crore as against Rs 198.93 crore in the year-ago period, the company added.

Total expense during the fourth quarter of 2012-13 stood at Rs 224.72 crore, up from Rs 217.51 crore in the same quarter in the previous fiscal.

The board of directors of the company has recommended dividend of Rs 7 per equity share, aggregating Rs 27.22 crore for the year ended March 31, 2013, it said.

For the full year 2012-13, consolidated net loss was at Rs 26.83 crore, an improvement from net loss of Rs 37.76 crore in the previous fiscal.

Net income from operations during FY13 stood at Rs 2,132.02 crore, up from Rs 1,844.86 crore in FY12, the filing added.

Consolidated revenue from retailing for the full year was at Rs 2,115.12 crore, up from 1,811.27 crore in the previous fiscal, it said.

Shares of Trent Ltd were trading at Rs 1,065 per share in the afternoon trade, down 1.50% from the previous close on the BSE.