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Bata's 2Q profits declines - Views on News from Equitymaster
 
 
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  • Jul 27, 2000

    Bata's 2Q profits declines

    Bata India has reported a YoY 52% drop in its profits with 7% decline in topline in the 2QFY01. Even though retail sales of the company increased by 4%, wholesale sales declined primarily due to restriction of supplies to recover debts outstanding. Sluggish market condition further contributed in the slow growth rate.

    (Rs m) 2QFY00 2QFY01 Change
    Sales 2,354 2,181 -7.3%
    Other Income 2 1 -16.1%
    Expenditure 2,095 2,024 -3.4%
    Operating Profit (EBDIT) 259 157 -39.5%
    Operating Profit Margin (%) 11.0% 7.2%  
    Interest 20 25 26.0%
    Depreciation 32 33 3.8%
    Profit before Tax 209 101 -52.0%
    Tax 79 39 -51.2%
    Profit after Tax/(Loss) 131 62 -52.4%
    Net profit margin (%) 5.5% 2.8%  
    No. of Shares (eoy) (m) 51 51  
    Diluted number of shares 51 51  
    Diluted Earnings per share* 10.2 4.8  
    *(annualised)      

    The stock quotes at a P/E multiple of 13 times at the current market price of Rs 65.

     

     

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