Bata India posts Q1 net profit of Rs 119.34 cr
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The company reported standalone net profit during the quarter stood at Rs 119.34 crore compared to net loss of Rs 71.32 crore in the previous year quarter. Net revenue of the company rose two fold by 253.12 per cent at Rs 943.02 crore in April-June quarter of this fiscal as against Rs 267.05 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 131.97 per cent to Rs 698.38 crore from Rs 301.06 crore in year ago period. Other Income dipped by 23.89 per cent at Rs 9.27 crore versus (Jun'21 Rs 12.18 crore). Operating Profit surged by 819.29 per cent to Rs 244.63 crore as against Rs -34.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 303.61 per cent in June quarter. Interest grew by 8.31 per cent y-o-y to Rs 24.90 crore, while Taxation increased by 271.11 per cent at Rs 40.33 crore (Jun'21 Rs -23.57 crore).
