Trent's PAT rises 51% YoY in June quarter; stock surges 8% in a weak market

Revenue from operations for quarter under review rose 30 per cent YoY to Rs 767 crore, as against a revenue of Rs 591 crore clocked in the corresponding quarter of the previous fiscal

Shares of Trent surged 8 per cent intra-day to Rs 427 on the BSE on Thursday, in an otherwise weak market, after the company reported a strong set of June quarter numbers for FY20 (Q1FY20). The company logged a 51 per cent rise in the standalone net profit at Rs 58 crore in the recently concluded quarter on strong revenue growth. The Tata Group company, engaged in retailing business, had a profit of Rs 38 crore in year ago quarter.

Revenue from operations for quarter under review rose 30 per cent YoY to Rs 767 crore, as against a revenue