Bata India, manufacturer of footwear, witnessed a rise in share price on Thursday after it announced a substantial rise in standalone net profit for the quarter ended March 2015.  During the quarter, the profit of the company rose 48.30% to Rs 584.38 million from Rs 394.04 million  in the same quarter previous year.

Revenues for the quarter declined marginally 0.83% to Rs 4,910 million, compared with Rs 4,951.20 million for the prior year period.

Shares of Bata India are trading at Rs 1,057.30, up Rs 20, or 1.93% at the Bombay Stock Exchange (BSE) on Thursday at 10:04 a.m.

Total volume of shares traded on the bourses today was lower by 64.51% to 170,503 compared with 22-day average volume of 480,406.