Trent Q2 Results Live : Trent Limited announced its Q2 results on November 7, 2024, showcasing a remarkable performance with a 39.37% increase in revenue year-over-year and a significant profit rise of 44.31%. Despite a quarterly comparison that reveals a slight revenue growth of 1.27% and a profit decrease of 13.71%, the annual figures highlight Trent’s strong market position.
The company reported a decline in Selling, General & Administrative (SG&A) expenses by 9.38% quarter-over-quarter, although these expenses have surged by 42.25% year-over-year, indicating a shift in operational efficiency amidst rising costs in the longer term.
Operating income saw a modest increase of 3.4% quarter-over-quarter and an impressive 46.56% year-over-year, signaling robust operational performance. Furthermore, the Earnings Per Share (EPS) for Q2 stood at ₹9.53, reflecting a 44.39% increase compared to the same period last year.
In terms of market performance, Trent has experienced a -8.74% return over the past week, yet it boasts a substantial 47.59% return in the last six months and a remarkable 112.95% year-to-date return. The company’s current market capitalization is ₹231,262.4 crore, with a 52-week high of ₹8,345 and a low of ₹2,438.2.
Analysts have mixed sentiments regarding Trent, with 1 strong sell, 2 sell, 4 hold, 6 buy, and 5 strong buy ratings out of 18 analysts covering the stock. As of November 8, 2024, the consensus recommendation is to buy, reflecting confidence in Trent’s long-term growth potential.