Bata Q4 profit rises 4% on-year to Rs 66 crore; Rs 13.50 per share dividend declared

Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at Rs 179 crore, up 10.6 percent year-on-year, while margin fell 23 percent in the reported quarter from 24.3 percent in the year-ago period, the company said.

The company's board has recommended a dividend of Rs 13.50 per share for fiscal FY23. The dividend on equity shares will be paid from August 24 onwards to those members who are entitled thereto.

"The company's board has recommended a dividend of Rs 13.50 (270 percent) per equity share of Rs 5 each, fully paid-up of the company, for the financial year ended March 31, 2023, for approval of the members at the AGM. The payment of dividend, is subject to approval of the shareholders, at the AGM," the company said in a filing.

"The dividend on equity shares, if declared, at the 90th AGM will be paid from Thursday, August 24, 2023 onwards to those members who are entitled thereto," the statement read.

Shares of Bata India Ltd settled 0.25 percent lower at Rs 1,526.80 apiece in Thursday's trade. The stock gained 6.61 percent in the last one month, while it fell 7.70 percent on a year-to-date basis.