Trent’s second quarter results are announced in real time: profit increased by 44.31% year-on-year

Trent second quarter results live broadcast: Trent Limited announced its second quarter results on November 7, 2024. The performance was outstanding, with revenue increasing by 39.37% year-on-year, and profit increasing significantly by 44.31%. While quarter-to-quarter comparisons showed modest revenue growth of 1.27% and profit decline of 13.71%, the annual figures highlighted Trent’s strong market position.

The company reported that selling, general and administrative (SG&A) expenses fell 9.38% sequentially, although these expenses jumped 42.25% year-over-year, indicating a shift in operating efficiency amid rising costs over the longer term.

Operating income increased slightly by 3.4% month-on-month and 46.56% year-on-year, which is impressive and indicates strong operating performance. Additionally, second-quarter earnings per share (EPS) were $9.53, an increase of 44.39% compared with the same period last year.

Looking at market performance, Trent’s return over the past week was -8.74%, but its return over the past six months has been as high as 47.59%, and its year-to-date return has been as high as 112.95%. The company’s current market capitalization is $231,262.4 Crore, a new 52-week high $8,345 minimum $2,438.2.

Analysts are mixed on Trent, with 1 out of 18 analysts giving the stock a Strong Sell rating, 2 giving it a Sell rating, 4 giving it a Hold rating and 6 Analysts analysts have rated the stock a buy, and 5 analysts have assigned it a strong buy rating. As of November 8, 2024, the consensus recommendation is Buy, reflecting confidence in Trent’s long-term growth potential.