Trent, the retailing arm of the Tata Group, reported a 28 per cent rise in its standalone net profit at Rs.24.96 crore for the fourth quarter of 2013-14. Net sales rose 41.3 per cent to Rs.298 crore, the company said in a statement.
Trent’s overall expenses, at Rs.323.06 crore, rose 43.76 per cent during the quarter.
The company said the standalone results for the quarter were lower consequent to the merger of Landmark Ltd., Fiora Link Road Properties and Trexa Admc with the company. The results for the year 2013-14 included the results of Landmark, Fiora and Trexa, and, hence, were not comparable with the corresponding previous year, the Trent statement said.
For the whole of 2013-14, Trent reported a standalone profit of Rs.54.24 crore (Rs.62.25 crore) on a net sales of Rs.1,208.64 crore (Rs.876.92 crore).
The directors have recommended a dividend of Rs.7 per share.
On a consolidated basis, for fiscal 2013-14, Trent reported a loss of Rs.18.73 crore (loss of Rs.37.94 crore) on net sales of Rs.2,272.30 crore (Rs.2,017.27 crore).
