Bata India gains after good quarterly result, stock-split

Bata India rose 2.08% to Rs 1,058.90 at 09:21 IST on BSE after net profit rose 48.3% to Rs 58.44 crore on 6.2% rise in total income to Rs 533.83 crore in the quarter ended March 2015 over the quarter ended March 2014.

The result was announced after market hours yesterday, 27 May 2015.

Meanwhile, the BSE Sensex was up 86.80 points, or 0.31%, to 27,651.46

On BSE, so far 11,712 shares were traded in the counter, compared with an average volume of 31,696 shares in the past one quarter.

The stock hit a high of Rs 1,065 and a low of Rs 1,046.90 so far during the day. The stock hit a record high of Rs 1,495 on 22 January 2015. The stock hit a 52-week low of Rs 977.95 on 22 April 2015.

The mid-cap company has an equity capital of Rs 64.26 crore. Face value per share is Rs 10.

Bata India's profit before exceptional items stood at 25.21 crore in the quarter ended March 2015. Exceptional item mainly represents gain related to part receipt of constructed space as part of property development project Rs 23.92 crore, Bata India said.

The company has changed its financial year from 'January - December' to 'April - March' and accordingly the last financial year was extended till 31 March 2015 covering a period of 15 months.

Meanwhile, Bata India's board at its meeting held yesterday, 27 May 2015 approved a 2-for-1 stock split.

Bata India is the largest footwear retailer in India, enjoying a large market share in the organized sector.

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