Trent surges 5% on 25% Q2 profit jump; IndiGo narrows loss
Tata Group retailer Trent's consolidated Q2 net profit rose about 25% to Rs 468 crore, sending the stock up 5.44% in Friday's trade.
IndiGo's quarterly loss narrowed to Rs 1,879 crore from Rs 2,582 crore a year earlier on 25.9% revenue growth to Rs 23,364 crore — though CEO Willie Walsh warned fare hikes are inevitable as fuel costs surged 67%.
Coal India also beat expectations, with profit jumping 53% to Rs 6,516 crore.
Originally reported by India Infoline. Article compiled by the Deccan Age desk.
