Customers are extremely positive on Trent s offerings as it absorbed the impact of high raw material prices in the previous fiscal year, as per experts.
Trent shares rose 7.31 per cent to hit a high of Rs 4,669.95 on BSE. Antique Stock Broking said Trent's Q4 sales, Ebitda and profit after tax beat its expectations by 5 per cent, 22 per cent and 45 per cent, respectively.
The company delivered a strong performance, quite like Tata, but disclosures are quite unlike. Confidence seems high, which is reflected in the proposed (cash) 3Y incentive scheme for eligible staff.
The five times jump in profits was largely due to the exceptional items income of Rs 543.35 crore in the quarter which was not there in the corresponding quarter of last year.