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Bata India gains on reporting 4% rise in Q4 consolidated net profit
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Bata India is currently trading at Rs. 1540.25, up by 14.70 points or 0.96% from its previous closing of Rs. 1525.55 on the BSE.
The scrip opened at Rs. 1551.20 and has touched a high and low of Rs. 1596.10 and Rs. 1520.20 respectively. So far 49442 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2003.60 on 02-Aug-2022 and a 52 week low of Rs. 1380.85 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1596.10 and Rs. 1516.30 respectively. The current market cap of the company is Rs. 19842.72 crore.
The promoters holding in the company stood at 50.16%, while Institutions and Non-Institutions held 36.42% and 13.42% respectively.
Bata India has reported results for fourth quarter (Q4) and year ended March 31, 2023. The company has reported 4.39% rise in net profit at Rs 65.56 crore for the quarter under review as compared to Rs 62.80 crore for the same quarter in the previous year. Total income of the company increased by 15.68% at Rs 791.19 crore for Q4FY23 as compared to Rs 683.97 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 4.23% rise in its net profit at Rs 65.62 crore for fourth quarter ended March 31, 2023 as compared to Rs 62.96 crore for the same quarter in the previous year. Total income of the company increased by 15.28% at Rs 788.52 crore for Q4FY23 as compared to Rs 684.00 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported over 3-fold jump in its net profit at Rs 319.12 crore as compared to Rs 100.89 crore for the previous year. Total income of the company increased by 42.78% at Rs 3488.92 crore for year under review as compared to Rs 2443.62 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 323.01 crore as compared to Rs 102.99 crore for the previous year. Total income of the company increased by 42.83% at Rs 3490.25 crore for year under review as compared to Rs 2443.71 crore for year ended March 31, 2022.
