Bata India Q2 Results Live: Profit Rises by 52.91% YOY
Bata India Q2 Results Live: Revenue increased by 2.2% YoY & profit increased by 52.91% YoY
Bata India Q2 Results Live : Bata India declared their Q2 results on November 4, 2024, showcasing a significant year-over-year profit increase of 52.91%. The company's topline also grew by 2.2% compared to the same quarter last year. However, when compared to the previous quarter, the revenue saw a decline of 11.38%, while profit plummeted by 70.14%.
In terms of expenses, the Selling, General & Administrative costs fell by 5.79% quarter-over-quarter but rose by 7.55% year-over-year. This decline in expenses may have contributed to the boost in profit margins despite the drop in overall revenue.
Bata India reported an operating income decrease of 13.67% from the previous quarter, yet it still marked a 42.91% increase year-over-year. The earnings per share (EPS) for Q2 stood at ₹4.04, reflecting an 18.91% decline compared to the same period last year.
From a stock performance perspective, Bata India has experienced a -2.66% return over the last week, a modest 0.38% return over the past six months, but a substantial -19.07% return year-to-date. This mixed performance could influence investor sentiment moving forward.
Currently, Bata India holds a market capitalization of ₹17176.42 Crore, with a 52-week high of ₹1724.25 and a low of ₹1269. As of November 5, 2024, out of 19 analysts monitoring the company, opinions are varied: 1 analyst rates it as a Strong Sell, 7 as Sell, 7 as Hold, 2 as Buy, and 2 as Strong Buy.
The consensus recommendation as of November 5, 2024, is to Hold, indicating a cautious outlook among analysts regarding Bata India's performance in the near future.
Bata India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 837.14 | 944.63 | -11.38% | 819.12 | +2.2% |
| Selling/ General/ Admin Expenses Total | 113.82 | 120.81 | -5.79% | 105.83 | +7.55% |
| Depreciation/ Amortization | 90.21 | 87.21 | +3.45% | 81.71 | +10.41% |
| Total Operating Expense | 752.76 | 846.89 | -11.11% | 760.07 | -0.96% |
| Operating Income | 84.38 | 97.74 | -13.67% | 59.05 | +42.91% |
| Net Income Before Taxes | 69.78 | 217.12 | -67.86% | 46.1 | +51.34% |
| Net Income | 51.98 | 174.06 | -70.14% | 33.99 | +52.91% |
| Diluted Normalized EPS | 4.04 | 5.19 | -22.1% | 4.98 | -18.91% |
Stay updated on quarterly results with our results calendar
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
MoreLess
FAQs
₹51.98Cr
₹837.14Cr
First Published:5 Nov 2024, 11:58 AM IST
- Top Gainers
- Top Losers
- 52 Week High