Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Trent Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,183 | 2,628 | 2,982 | 3,467 | 3,298 | 4,104 | 4,157 | 4,657 | 4,217 | 4,883 | 4,818 | 5,345 | 5,028 |
| Expenses + | 1,980 | 2,261 | 2,526 | 2,838 | 2,828 | 3,491 | 3,511 | 3,809 | 3,566 | 4,036 | 4,002 | 4,264 | 4,117 |
| Operating Profit | 203 | 367 | 457 | 629 | 470 | 613 | 646 | 847 | 651 | 848 | 816 | 1,081 | 911 |
| OPM % | 9% | 14% | 15% | 18% | 14% | 15% | 16% | 18% | 15% | 17% | 17% | 20% | 18% |
| Other Income + | 89 | 79 | 105 | 110 | 695 | 101 | 51 | 80 | 74 | 50 | 28 | 5 | 28 |
| Interest | 92 | 92 | 95 | 99 | 33 | 32 | 33 | 37 | 38 | 40 | 42 | 43 | 44 |
| Depreciation | 137 | 141 | 152 | 165 | 213 | 181 | 197 | 245 | 272 | 293 | 325 | 367 | 377 |
| Profit before tax | 64 | 212 | 314 | 475 | 919 | 501 | 467 | 646 | 416 | 565 | 477 | 676 | 519 |
| Tax % | 30% | 21% | 27% | 22% | 23% | 22% | 28% | 23% | 25% | 25% | 22% | 25% | 20% |
| Net Profit + | 45 | 167 | 228 | 371 | 712 | 391 | 335 | 497 | 312 | 425 | 373 | 510 | 413 |
| EPS in Rs | 1.52 | 4.88 | 6.60 | 10.53 | 19.81 | 11.04 | 9.53 | 13.99 | 8.95 | 12.09 | 10.60 | 14.42 | 11.26 |
Financials of Trent Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,284 | 1,686 | 1,812 | 2,157 | 2,630 | 3,486 | 2,593 | 4,498 | 8,242 | 12,375 | 17,135 | 20,074 |
| Expenses + | 2,196 | 1,596 | 1,679 | 1,949 | 2,390 | 2,957 | 2,479 | 3,903 | 7,128 | 10,404 | 14,315 | 16,401 |
| Operating Profit | 88 | 90 | 134 | 208 | 241 | 529 | 114 | 595 | 1,114 | 1,971 | 2,820 | 3,673 |
| OPM % | 4% | 5% | 7% | 10% | 9% | 15% | 4% | 13% | 14% | 16% | 16% | 18% |
| Other Income + | 208 | 86 | 81 | 27 | 30 | 147 | 199 | 152 | 341 | 989 | 305 | 93 |
| Interest | 22 | 48 | 46 | 44 | 51 | 263 | 261 | 325 | 409 | 368 | 200 | 168 |
| Depreciation | 75 | 39 | 41 | 46 | 52 | 247 | 257 | 311 | 494 | 671 | 895 | 1,361 |
| Profit before tax | 200 | 90 | 128 | 147 | 168 | 165 | -205 | 111 | 552 | 1,921 | 2,030 | 2,236 |
| Tax % | 35% | 39% | 34% | 41% | 44% | 36% | -12% | 69% | 29% | 23% | 24% | 23% |
| Net Profit + | 129 | 55 | 85 | 87 | 95 | 106 | -181 | 35 | 394 | 1,477 | 1,534 | 1,721 |
| EPS in Rs | 3.89 | 1.66 | 2.55 | 2.62 | 2.92 | 3.46 | -4.11 | 2.98 | 12.51 | 41.82 | 43.51 | 48.37 |
| Dividend Payout % | 26% | 54% | 39% | 44% | 45% | 29% | -15% | 57% | 18% | 8% | 11% | 12% |
Financials of Trent Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 1,389 | 1,431 | 1,514 | 1,562 | 1,613 | 2,352 | 2,277 | 2,328 | 2,560 | 4,032 | 5,426 | 6,949 |
| Borrowings + | 267 | 400 | 392 | 391 | 494 | 300 | 2,964 | 4,725 | 4,464 | 1,753 | 2,237 | 2,561 |
| Other Liabilities + | 518 | 292 | 283 | 349 | 418 | 2,819 | 447 | 637 | 1,022 | 1,341 | 1,721 | 2,183 |
| Total Liabilities | 2,207 | 2,157 | 2,222 | 2,336 | 2,559 | 5,507 | 5,724 | 7,726 | 8,082 | 7,162 | 9,420 | 11,729 |
| Fixed Assets + | 668 | 477 | 549 | 613 | 662 | 2,738 | 3,054 | 4,687 | 4,527 | 2,450 | 3,895 | 5,519 |
| CWIP | 92 | 55 | 5 | 10 | 87 | 23 | 108 | 105 | 102 | 224 | 180 | 254 |
| Investments | 740 | 1,067 | 1,080 | 1,023 | 883 | 1,515 | 1,487 | 1,284 | 1,110 | 1,416 | 1,480 | 1,385 |
| Other Assets + | 706 | 558 | 588 | 691 | 927 | 1,230 | 1,075 | 1,651 | 2,343 | 3,072 | 3,865 | 4,571 |
| Total Assets | 2,207 | 2,157 | 2,222 | 2,336 | 2,559 | 5,507 | 5,724 | 7,726 | 8,082 | 7,162 | 9,420 | 11,729 |
Financials of Trent Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -10 | 109 | 102 | 77 | 21 | 361 | 285 | 58 | 595 | 1,349 | 1,661 | 2,668 |
| Cash from Investing Activity + | -306 | -98 | -44 | -4 | -37 | -809 | 18 | 56 | -103 | -508 | -923 | -1,578 |
| Cash from Financing Activity + | 310 | -13 | -51 | -74 | 37 | 452 | -283 | -108 | -491 | -629 | -694 | -1,148 |
| Net Cash Flow | -6 | -2 | 7 | -1 | 21 | 5 | 20 | 6 | 1 | 211 | 44 | -58 |
| Free Cash Flow | -166 | -21 | 34 | -30 | -174 | 247 | 194 | -152 | 371 | 955 | 799 | 931 |
| CFO/OP | 4% | 144% | 105% | 61% | 41% | 84% | 251% | 23% | 71% | 84% | 76% | 88% |
Financials of Trent Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3 | 3 | 1 | 3 | 2 | 2 | 3 | 1 | 2 | 2 | 1 | 1 |
| Inventory Days | 91 | 128 | 126 | 122 | 138 | 118 | 102 | 128 | 105 | 83 | 77 | 74 |
| Days Payable | 61 | 76 | 70 | 74 | 68 | 58 | 65 | 56 | 51 | 41 | 35 | 39 |
| Cash Conversion Cycle | 33 | 55 | 58 | 51 | 72 | 62 | 40 | 74 | 55 | 45 | 43 | 36 |
| Working Capital Days | -15 | -25 | 36 | 41 | 24 | 39 | -14 | 42 | 29 | 16 | 15 | 10 |
| ROCE % | 4% | 7% | 9% | 10% | 11% | 17% | 1% | 7% | 12% | 24% | 31% | 28% |