BATA INDIA Announces Quarterly Results (3QFY19); Net Profit Up 51.3%

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BATA INDIA Announces Quarterly Results (3QFY19); Net Profit Up 51.3%
Thu, 14 Feb

BATA INDIA has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

BATA INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,7406,7317,78715.7%15.5%
Other incomeRs m107149137-7.7%28.1%
TurnoverRs m6,8476,8807,92415.2%15.7%
ExpensesRs m5,6255,8576,1515.0%9.3%
Gross profitRs m1,1158731,63687.3%46.8%
DepreciationRs m15415317011.0%10.4%
InterestRs m5119-17.8%87.5%
Profit before taxRs m1,0638581,59485.9%50.0%
TaxRs m38130156286.8%47.5%
Profit after taxRs m6825571,03285.4%51.3%
Gross profit margin%16.513.021.0
Effective tax rate%35.935.135.3
Net profit margin%10.08.113.0
* 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 15.5% on a year-on-year (YoY) basis. The expenses were up by 9.3% YoY during the same period.
  • The company's operating profit increased by 46.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 3QFY19 as against 16.5% in 3QFY18.
  • Depreciation charges increased by 10.4% and finance costs increased by 87.5% YoY, respectively.
  • Other income increased by 28.1% YoY during the quarter.
  • Net profit for the quarter increased by 51.3% YoY. Net profit margins during the quarter increased from 10.0% in 3QFY18 to 13.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.0% QoQ during the same period.
  • The company's operating profit increased by 87.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 3QFY19 as against 13.0% in 2QFY18.
  • Net profit for the quarter increased by 85.4% QoQ, while net profit margins increased from 8.1% in 2QFY18 to 13.0% in 3QFY19.

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 718.2 to Rs 1,263.1, registering a Gain of Rs 544.9 or around 75.9%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,412.2 (down 0.0%). Over the last one year it has moved up from 10,563.3 to 11,412.2, a gain of 849 points (up 8.0%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 1,263.1, the price to earnings (P/E) ratio of BATA INDIA stands at 55.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.0 times.

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