Results of Trent looked extremely good for me and I’ve observed people had a different understanding in the forum. So, here’s my take on the Q4FY24 results:
Consolidated results:
Revenue has increased by 51%.
PBT without exceptional items and tax has increased by almost 5x to 301 crore.
There’s an additional profit of 42 crore from JV’s(I assume it is from Star).
Focussing on exceptional item,
One time income: 543 croree
Tax: 137
Net income: 406 crore
Let’s try to calculate PAT without exceptional item:
Total income reported: 712 crores
Total income without exceptional item: 712-406 = 306 crores
Conclusion:
Q4FY23 PAT income: 45 crores
Q4FY24 PAT income: 306 crores - ~7x jump in profit without one time gain.
It looks like an fantastic results on all fronts.
Could others explain why do you think otherwise?
Disclosure: Invested
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