Bata India April-June Net Profit Drops 70% on-Year to ₹517 Million

Bata India Ltd.’s net profit for the June quarter fell 70.4% on-year to ₹517 million, while revenue from operations slipped 0.3% to ₹9.42 billion. Sequentially, profit rose 18.7% and revenue grew 19.6%.

Other income increased to ₹168.63 million from ₹165 million a year ago. Total expenditure, including finance cost, stood at ₹8.84 billion versus ₹8.78 billion last year, with finance cost rising to ₹348.67 million from ₹307.74 million. 

The company booked a one-time loss of ₹47.78 million during the quarter. Tax outgo fell to ₹180.17 million from ₹430.1 million a year earlier.