Trent remains top gainer
Trent remains top gainer
By Ruma Dubey
about 10 years ago
Trent has been the top gainer on the BSE right since the morning. The stock price surged 9% to Rs.229 and continues to hover around the same levels even now. The company posted a good set of numbers for Q3FY17.
On a 15% (YoY) jump in net sales at Rs.430 crore, the company posted a 14% rise in net profit at Rs.37 crore; QoQ, it was up 76%.
Costs were up 15% (YoY) and EBITDA came in at Rs.48 crore, up 41% with margins improving to 10.88% from 8.85%. Its interest costs have come down, both YoY as well as sequentially by 22% and 23% respectively.