BATA INDIA Announces Quarterly Results (2QFY20); Net Profit Up 28.2%

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BATA INDIA Announces Quarterly Results (2QFY20); Net Profit Up 28.2%
Fri, 15 Nov

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

BATA INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m6,7318,8217,220-18.2%7.3%
Other incomeRs m1491691774.8%19.1%
TurnoverRs m6,8808,9917,397-17.7%7.5%
ExpensesRs m5,8576,3925,366-16.0%-8.4%
Gross profitRs m8732,4301,854-23.7%112.2%
DepreciationRs m1537307492.6%388.0%
InterestRs m11314308-1.9%2625.4%
Profit before taxRs m8581,555975-37.3%13.6%
TaxRs m301548261-52.4%-13.3%
Profit after taxRs m5571,007714-29.1%28.2%
Gross profit margin%13.027.525.7
Effective tax rate%35.135.226.8
Net profit margin%8.111.29.6
* 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 7.3% on a year-on-year (YoY) basis. The expenses were down by 8.4% YoY during the same period.
  • The company's operating profit increased by 112.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.7% in 2QFY20 as against 13.0% in 2QFY19.
  • Depreciation charges increased by 388.0% and finance costs increased by 2625.4% YoY, respectively.
  • Other income increased by 19.1% YoY during the quarter.
  • Net profit for the quarter increased by 28.2% YoY. Net profit margins during the quarter increased from 8.1% in 2QFY19 to 9.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.0% QoQ during the same period.
  • The company's operating profit declined by 23.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.7% in 2QFY20 as against 27.5% in 1QFY19.
  • Net profit for the quarter declined by 29.1% QoQ, while net profit margins declined from 11.2% in 1QFY19 to 9.6% in 2QFY20.

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

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BATA INDIA Share Price Performance

Over the last one year,BATA INDIA share price has moved up from Rs 1,000.1 to Rs 1,728.6, registering a Gain of Rs 728.5 or around 72.8%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,952.1 (up 0.4%). Over the last one year it has moved up from 11,286.4 to 11,952.1, a gain of 666 points (up 5.9%).

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 1,728.6, the price to earnings (P/E) ratio of BATA INDIA stands at 61.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.8 times.

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