Published on 14/11/2017 3:38:12 PM | Source: Dion Global Solutions Ltd

Bata India Q2 net profit up 24.00% at Rs 42.89 cr

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The company reported standalone net profit of Rs 42.89 crore for the quarter ended September 30, 2017 as compared to Rs 34.59 crore in the same period last year, registering a year-on-year growth of 24.00 per cent. Net revenue of the company rose by 0.59 per cent at Rs 586.90 crore in July-September quarter of this fiscal as against Rs 583.43 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 1.47 per cent to Rs 522.44 crore from Rs 530.23 crore in year ago period.

Other Income grew by 5.33 per cent at Rs 14.82 crore versus (Sep'16 Rs 14.07 crore). Operating Profit surged by 20.44 per cent to Rs 64.46 crore as against Rs 53.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.74 per cent in September quarter. Interest declined by 39.37 per cent y-o-y to Rs 0.77 crore, while Taxation increased by 34.64 per cent at Rs 21.22 crore (Sep'16 Rs 15.76 crore).