Trent remains top gainer
By
Ruma Dubey
about 8 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.