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Stock Report
BATA India Ltd reports loss of Rs. 100.88 crore in Q1FY21
Posted On : 2020-08-07 21:03:33( TIMEZONE : IST )
BATA INDIA LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.187.11 crores during the period ended June 30, 2020 as compared to Rs.637.65 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.(100.88) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.38.40 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.(7.85) for the period ended June 30, 2020 as compared to Rs.2.99 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 187.11 crs | ₹ 637.65 crs |  -70.66% |
| Net Profit | ₹ (100.88) crs | ₹ 38.40 crs | -362.71% |
| EPS | ₹ (7.85) | ₹ 2.99 | -362.54% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.187.11 crores during the period ended June 30, 2020 as compared to Rs.899.62 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.(100.88) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.100.97 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.(7.85) for the period ended June 30, 2020 as compared to Rs.7.86 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 187.11 crs | ₹ 899.62 crs | -79.2% |
| Net Profit | ₹ (100.88) crs | ₹ 100.97 crs | -199.91% |
| EPS | ₹ (7.85) | ₹ 7.86 | -199.87% |
Sandeep Kataria, CEO - Bata India Limited, stated: "It was an unprecedented quarter in Bata India's history. During the quarter we had low sales and no production due to lockdown mandated by the Government due to the pandemic. Our stores started opening up in a graded fashion, but running operations was a challenge due to frequent lockdowns and restrictions mandated by local administration across the country. We re-started our operations keeping safety of our customers & employees in mind and in line with government and our global standards. The results have to be viewed in this context. The team has responded admirably by focusing on recovery of the business through agile portfolio expansion, scaling up our digital presence via bata.in & e-comm partners and introducing 2 new hyper-local channels Bata Chat Shop for shopping over WhatsApp and ‘Bata Stores on Wheels' mobile kiosks that allow customers to shop at their doorstep. In addition, we have increased our focus on franchise store rollout and extending our reach to multi-brand outlets to get even closer to our customers. We are hopeful that the improvement in sale will continue and get a further boost with the festivities in the coming quarter."
"There is strong focus on cost saving across all cost lines including renegotiating lease rentals, controlling discretionary spends and improving productivity. We have used the past few months to recast our value chain and prepare the Company for the future".
Shares of BATA INDIA LTD. was last trading in BSE at Rs.1258.4 as compared to the previous close of Rs. 1263.8. The total number of shares traded during the day was 69283 in over 4495 trades.
The stock hit an intraday high of Rs. 1271.4 and intraday low of 1252.15. The net turnover during the day was Rs. 87268957.
