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Trent share price today jumps over 6% to hit fresh record high after Q4 results
Trent share price today: The company's shares opened at ₹4,450.25 against its previous close of ₹4,351.45.
Trent share price today: Shares of Trent rose over 6 per cent to hit its fresh all-time high of ₹4,628.85 on BSE today (April 30). This comes a day after the company reported its March quarter (Q4) results.
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The company's shares opened at ₹4,450.25 against its previous close of ₹4,351.45. The shares rose as much as 6.4 per cent to hit its fresh record high of ₹4,628.85 on BSE while Sensex was 0.14 per cent up at 74,774 at that time.
Why is Trent share price rising?
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The share price of the company surged after its Q4 result showed a jump in consolidated profit. The company's revenue rose over 50 per cent for the quarter.
A look at Trent Q4 result
Trent reported a 51 per cent year-on-year (YoY) jump in revenue from operations for Q4FY24 to ₹3,297.70 crore against ₹2,182.75 crore in the same quarter last financial year.
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The Tata Group's speciality retail company reported a surge in consolidated net profit for Q4FY24 which reached ₹712.09 crores compared to a profit of ₹44.95 crore in the corresponding quarter of the previous year.
The company said in an exchange filing that it added 12 Westside and 86 Zudio stores across 65 cities. As of March 31, 2024, the store portfolio included 232 Westside, 545 Zudio and 34 stores.
