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Apr 26, 2012, 07.03 PM IST
Bata India has reported better than expected numbers for the first quarter of calendar year 2012. Its profit after tax came in Rs 36 crore in the first quarter of calendar year 2012, down 67% as compared to Rs 109 crore in a year ago period.
In the first quarter of previous calendar year 2011, company had reported other income of Rs 112 crore, which included in pre-tax income of Rs 109 crore related to restructuring of agreements and sale of stake in the JV at Batanagar project (township). If we remove this, then the adjusted profit after tax jumped 47.5% year-on-year to Rs 36 crore from Rs 24.4 crore. Net sales increased 30.2% to Rs 405 crore from Rs 311 crore and EBITDA spiked 44% to Rs 59 crore from Rs 41 crore. EBITDA margins too improved 150 basis points YoY at 14.6% versus 13.1%. Analysts on average had expected profit after tax of Rs 32 crore, net sales of Rs 378 crore and EBITDA of Rs 55 crore.
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