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Bata India Ltd Q4FY21 consolidated PAT up QoQ at Rs. 29.47 crore



Posted On : 2021-06-09 20:39:16( TIMEZONE : IST )

Bata India Ltd Q4FY21 consolidated PAT up QoQ at Rs. 29.47 crore

BATA INDIA LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.604.28 crores during the period ended March 31, 2021 as compared to Rs.628.84 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.29.47 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.26.41 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.29 for the period ended March 31, 2021 as compared to Rs.2.06 for the period ended December 31, 2020.

FinancialsQ4 FY20-21Q3 FY20-21% Change
Total Income₹ 604.28 crs₹ 628.84 crsDown Tick -3.91%
Net Profit₹ 29.47 crs₹ 26.41 crsUp Tick 11.59%
EPS₹ 2.29₹ 2.06Up Tick 11.17%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.604.28 crores during the period ended March 31, 2021 as compared to Rs.637.65 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.29.47 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.38.40 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.29 for the period ended March 31, 2021 as compared to Rs.2.99 for the period ended March 31, 2020.

FinancialsQ4 FY20-21Q4 FY19-20% Change
Total Income₹ 604.28 crs₹ 637.65 crsDown Tick -5.23%
Net Profit₹ 29.47 crs₹ 38.40 crsDown Tick -23.26%
EPS₹ 2.29₹ 2.99Down Tick -23.41%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1802.56 crores during the 12 months period ended March 31, 2021 as compared to Rs.3124.79 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(89.31) crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.328.95 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.(6.95) for the 12 months period ended March 31, 2021 as compared to Rs.25.59 for the 12 months period ended March 31, 2020.

FinancialsYear Ended FY20-21Year Ended FY19-20% Change
Total Income₹ 1802.56 crs₹ 3124.79 crsDown Tick -42.31%
Net Profit₹ (89.31) crs₹ 328.95 crsDown Tick -127.15%
EPS₹ (6.95)₹25.59Down Tick -127.16%

Sandeep Kataria, CEO – Bata, said: "The Q4 results are satisfactory for us, considering Q3 sales have historically been always better because of festive season. We continued our march towards recovery via our channel expansion efforts via Franchising, distribution and marketplaces routes. As the economy gained pace and offices started re-opening, we rolled out our first campaign of the year showcasing 'Relaxed Workwear' collection offering the best of comfort technologies across Bata, Hush Puppies, Bata Red Label, Comfit & Naturalizer brands.

With omni-channel customer generating more revenue than a single-channel customer, we scaled up our tech-related solutions & investments to engage & offer better experiences and driving up cross-channel purchases, customer service & retention. With the surge in Covid cases in wave 2, we refocused to make Essentials & Fitness Sneakers available to our customers, as consumers stayed back in their homes. I am confident that the collective resilience across the country will see the nation through this trying phase also and would like to urge everyone to register for vaccination as it is our strongest shield against the virus."

With the second wave forcing people to stay safe indoors, Bata will continue to serve its customers at their doorstep via multiple channels – www.bata.in, marketplaces, Home delivery, Bata Store-on-Wheel mobile kiosk activation in residential areas and Bata ChatShop WhatsApp shopping with same day delivery promise from nearby stores.

The company has adequate cash reserves and is curbing discretionary expenses to eliminate redundancies and introduce efficiencies in its value chain. Bata India remains hopeful that with the roll-out of vaccines for everyone above 18 years, business would start growing back.

Shares of BATA INDIA LTD. was last trading in BSE at Rs.1553 as compared to the previous close of Rs. 1574.45. The total number of shares traded during the day was 27396 in over 2132 trades.

The stock hit an intraday high of Rs. 1587 and intraday low of 1550.4. The net turnover during the day was Rs. 43066509.

Source : Equity Bulls

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