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Bata India Good points Over 4% Even After Revenue Declines 23% In March Quarter


Shares of Bata India had been final buying and selling 4.31 per cent larger at Rs 1,624.90 on the BSE.

Share value of Bata India gained greater than 4 per cent on Thursday, June 10, a day after the corporate introduced its January-March quarter outcomes for the monetary yr 2020-21. On Thursday, Bata India opened on the BSE at Rs 1,540, swinging to an intra day excessive of Rs 1,657.50 and an intra day low of Rs 1,540, within the buying and selling session thus far. In keeping with a regulatory submitting by the corporate to the inventory exchanges, Bata India reported a web revenue of Rs 29.47 crore on a consolidated foundation within the March quarter of fiscal 2020-21.

The nation’s largest shoemaker’s web revenue declined 23.3 per cent within the March quarter of fiscal 2021. It reported a web revenue of Rs 38.40 crore within the corresponding quarter of the earlier fiscal yr. The corporate’s income from operations was right down to Rs 589.90 crore within the fourth quarter, in comparison with Rs 620.57 crore in the identical quarter of the earlier fiscal.

In keeping with the assertion, Bata India’s board beneficial a dividend of 80 per cent – Rs 4 per fairness share of Rs 5 every absolutely paid up for the monetary yr 202-21. For your entire monetary yr, Bata India reported a web lack of Rs 89.31 crore, in comparison with a web revenue of Rs 32.89 crore within the year-ago interval.

On the NSE, Bata India opened at Rs 1,551.60, registering an intra day excessive of Rs 1,659 and an intra day low of Rs 1,551.60, within the session thus far. It was final buying and selling 4.12 per cent larger at Rs 1,622 on the NSE.

Shares of Bata India had been final buying and selling 4.31 per cent larger at Rs 1,624.90 on the BSE. 

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