The corporate had posted a internet revenue of Rs 38.40 crore within the year-ago interval, Bata India mentioned in a BSE submitting.
Income from operations was all the way down to Rs 589.90 crore throughout the quarter underneath evaluation from Rs 620.57 crore within the corresponding quarter of 2019-20.
Commenting on the outcomes, Bata CEO Sandeep Kataria mentioned: “The This autumn outcomes are passable for us, contemplating Q3 gross sales have traditionally been all the time higher due to the festive season.
“We continued our march in direction of restoration through our channel enlargement efforts through Franchising, distribution and marketplaces routes,” he mentioned.
Whole bills have been at Rs 563.90 crore, down 2.69 per cent from Rs 579.46 crore in January-March 2019-20.
For the fiscal yr ended March 31, 2021, Bata India reported a internet lack of Rs 89.31 crore. It had a internet revenue of Rs 32.89 crore within the earlier yr.
Its income from operation within the fiscal yr was down 44.1 per cent to Rs 1,708.48 crore. It was Rs 3,056.11 crore in 2019-20.
In the meantime, in a separate submitting, Bata India mentioned its board has really helpful a dividend of 80 per cent, which is Rs 4 per fairness share of Rs 5 every for 2020-21.
Bata India additionally introduced appointment of Vidhya Srinivasan as Director Finance and CFO (Key Managerial Personnel) Entire-time Director of the corporate for 5 years, as incumbent R Ok Gupta retires on June 30, 2021.
In addition to, Radha Rajappa has been appointed as an unbiased director for a time period of 5 consecutive years with speedy impact, it added.
Shares of Bata India on Wednesday settled at Rs 1,557.70 apiece on BSE, down 1.06 per cent from the earlier shut.