BATA INDIA Announces Quarterly Results (1QFY20); Net Profit Up 22.0%

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BATA INDIA Announces Quarterly Results (1QFY20); Net Profit Up 22.0%
Mon, 5 Aug

BATA INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BATA INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,9736,7948,82129.8%10.6%
Other incomeRs m120279169-39.4%41.4%
TurnoverRs m8,0937,0738,99127.1%11.1%
ExpensesRs m6,6555,8496,3929.3%-4.0%
Gross profitRs m1,3189452,430157.1%84.3%
DepreciationRs m150166730339.1%386.3%
InterestRs m963145231.8%3379.6%
Profit before taxRs m1,2791,0521,55547.8%21.6%
TaxRs m453169548223.5%20.9%
Profit after taxRs m8268831,00714.1%22.0%
Gross profit margin%16.513.927.5
Effective tax rate%35.416.135.2
Net profit margin%10.212.511.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 10.6% on a year-on-year (YoY) basis. The expenses were down by 4.0% YoY during the same period.
  • The company's operating profit increased by 84.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.5% in 1QFY20 as against 16.5% in 1QFY19.
  • Depreciation charges increased by 386.3% and finance costs increased by 3379.6% YoY, respectively.
  • Other income increased by 41.4% YoY during the quarter.
  • Net profit for the quarter increased by 22.0% YoY. Net profit margins during the quarter increased from 10.2% in 1QFY19 to 11.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.3% QoQ during the same period.
  • The company's operating profit increased by 157.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.5% in 1QFY20 as against 13.9% in 4QFY19.
  • Net profit for the quarter increased by 14.1% QoQ, while net profit margins declined from 12.5% in 4QFY19 to 11.2% in 1QFY20.

To see how BATA INDIA has performed over the last eight quarters,please visit here.

BATA INDIA Share Price Performance

Over the last one year,BATA INDIA share price has moved up from Rs 938.7 to Rs 1,329.3, registering a Gain of Rs 390.7 or around 41.6%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 10,836.5 (down 1.3%). Over the last one year it has moved down from 12,157.4 to 10,836.5, a gain of 1,321 points (down 10.9%).

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 1,329.3, the price to earnings (P/E) ratio of BATA INDIA stands at 49.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.8 times.

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