BATA INDIA Announces Quarterly Results (4QFY20); Net Profit Down 57.4%

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BATA INDIA Announces Quarterly Results (4QFY20); Net Profit Down 57.4%
Tue, 26 May

BATA INDIA has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

BATA INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m6,7948,2966,197-25.3%-8.8%
Other incomeRs m2791711710.3%-38.8%
TurnoverRs m7,0738,4676,368-24.8%-10.0%
ExpensesRs m5,8495,6714,809-15.2%-17.8%
Gross profitRs m9452,6261,388-47.1%46.9%
DepreciationRs m166765714-6.6%329.6%
InterestRs m6285271-4.8%4512.2%
Profit before taxRs m1,0521,747574-67.2%-45.5%
TaxRs m169575198-65.6%16.7%
Profit after taxRs m8831,172376-67.9%-57.4%
Gross profit margin%13.931.722.4
Effective tax rate%16.132.934.5
Net profit margin%12.513.85.9
* 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 fell 8.8% on a year-on-year (YoY) basis. The expenses were down by 17.8% YoY during the same period.
  • The company's operating profit increased by 46.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 4QFY20 as against 13.9% in 4QFY19.
  • Depreciation charges increased by 329.6% and finance costs increased by 4512.2% YoY, respectively.
  • Other income declined by 38.8% YoY during the quarter.
  • Net profit for the quarter declined by 57.4% YoY. Net profit margins during the quarter declined from 12.5% in 4QFY19 to 5.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 25.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.2% QoQ during the same period.
  • The company's operating profit declined by 47.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.4% in 4QFY20 as against 31.7% in 3QFY19.
  • Net profit for the quarter declined by 67.9% QoQ, while net profit margins declined from 13.8% in 3QFY19 to 5.9% in 4QFY20.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

BATA INDIA Share Price Performance

Over the last one year,BATA INDIA share price has moved down from Rs 1,340.3 to Rs 1,288.8, registering a Loss of Rs 51.5 or around 3.8%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 10,452.5 (up 1.1%). Over the last one year it has moved down from 11,560.2 to 10,452.5, a loss of 1,108 points (down 9.6%).

Overall, the S&P BSE SENSEX is down 21.6% over the year.

Current Valuations

At the current price of Rs 1,288.8, the price to earnings (P/E) ratio of BATA INDIA stands at 50.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.5 times.

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