Ways2Capital Reviews : Bata India Gains On Reporting Strong Q4 Earnings

Shares of Bata India were up by over 2% after the company reported that its Q4FY18 standalone net profit rose 44.92% yoy to Rs52.08cr.

The company's revenue for Q4FY18 came in at Rs632cr, up 6.9% yoy and down 6.2% qoq. EBITDA for the quarter came in at Rs82cr, up 45.1% yoy and down 26.2% qoq. EBITDA margin expanded by 343bps yoy and contracted by 352bps qoq to 13.02%. The adjusted net profit for the quarter stood at Rs52.08cr, up 44.9% yoy and down 23.6% qoq. Revenue, EBITDA and adjusted PAT came above estimates of Rs625cr, Rs77cr and Rs49cr respectively.

Bata India Ltd is currently trading at Rs769.45 up by Rs16.45 or 2.18% from its previous closing of Rs753 on the BSE.

The scrip opened at Rs755 and has touched a high and low of Rs781.55 and Rs755 respectively. So far 13,34,417 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs9,678.12cr.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
Share on Google Plus Share on Pinterest

About Bhoomi Desai