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Published on 10/06/2021 1:48:41 PM | Source: Accord Fintech

Bata India soars despite reporting 23% fall in Q4 consolidated net profit

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Bata India is currently trading at Rs. 1631.25, up by 73.55 points or 4.72% from its previous closing of Rs. 1557.70 on the BSE.

The scrip opened at Rs. 1540.00 and has touched a high and low of Rs. 1657.50 and Rs. 1540.00 respectively. So far 363477 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1705.00 on 11-Jan-2021 and a 52 week low of Rs. 1215.00 on 12-Aug-2020.

Last one week high and low of the scrip stood at Rs. 1657.50 and Rs. 1540.00 respectively. The current market cap of the company is Rs. 21000.76 crore.

The promoters holding in the company stood at 52.96%, while Institutions and Non-Institutions held 31.33% and 15.71% respectively.

Bata India has reported a fall of 21.72% in its net profit at Rs 29.44 crore for the quarter ended March 31, 2021 as compared to Rs 37.61 crore for the same quarter in the previous year. Total income of the company decreased by 5.09% at Rs 604.38 crore for Q4FY21 as compared Rs 636.81 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 23.28% in its net profit at Rs 29.47 crore for the quarter ended March 31, 2021 as compared to Rs 38.41 crore for the same quarter in the previous year. Total income of the company decreased by 5.23% at Rs 604.29 crore for Q4FY21 as compared Rs 637.65 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported net loss at Rs 90.28 crore as compared to Rs 326.92 crore for the previous year. Total income of the company decreased by 42.31% at Rs 1801.33 crore for year under review as compared to Rs 3122.29 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss at Rs 89.31crore as compared to net profit at Rs 328.95 crore for the previous year. Total income of the company decreased by 42.31% at Rs 1802.57 crore for year under review as compared to Rs 3124.79 crore for year ended March 31, 202