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RELAXO FOOTWEARS Announces Quarterly Results (1QFY19); Net Profit Up 23.0%

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RELAXO FOOTWEARS Announces Quarterly Results (1QFY19); Net Profit Up 23.0%
Tue, 7 Aug

RELAXO FOOTWEARS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m4,9055,5665,6651.8%15.5%
Other incomeRs m8624303.3%218.4%
TurnoverRs m4,9125,5725,6892.1%15.8%
ExpensesRs m4,1964,5884,8365.4%15.3%
Gross profitRs m709978829-15.3%16.9%
DepreciationRs m1341381401.6%4.1%
InterestRs m232519-20.8%-15.7%
Profit before taxRs m559822694-15.6%24.0%
TaxRs m186287234-18.5%26.0%
Profit after taxRs m374535460-14.0%23.0%
Gross profit margin%14.517.614.6
Effective tax rate%33.235.033.8
Net profit margin%7.69.68.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 15.5% on a year-on-year (YoY) basis. The expenses were up by 15.3% YoY during the same period.
  • The company's operating profit increased by 16.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 1QFY19 as against 14.5% in 1QFY18.
  • Depreciation charges and finance costs increased by 4.1% YoY and 15.7% YoY, respectively.
  • Other income increased by 218.4% YoY during the quarter.
  • Net profit for the quarter increased by 23.0% YoY. Net profit margins during the quarter increased from 7.6% in 1QFY18 to 8.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.4% QoQ during the same period.
  • The company's operating profit declined by 15.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.6% in 1QFY19 as against 17.6% in 4QFY18.
  • Net profit for the quarter declined by 14.0% QoQ, while net profit margins declined from 9.6% in 4QFY18 to 8.1% in 1QFY19.

To see how RELAXO FOOTWEARS has performed over the last eight quarters, please visit here.

RELAXO FOOTWEARS Share Price Performance

Over the last one year, RELAXO FOOTWEARS share price has moved up from Rs 486.2 to Rs 831.0, registering a Gain of Rs 344.8 or around 70.9%.

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 831.0, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 58.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 20.8 times.

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RELAXO FOOTWEARS Announces Quarterly Results (3QFY19); Net Profit Down 6.7% (Quarterly Result Update)

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For the quarter ended December 2018, RELAXO FOOTWEARS has posted a net profit of Rs 356 m (down 6.7% YoY). Sales on the other hand came in at Rs 6 bn (up 20.5% YoY). Read on for a complete analysis of RELAXO FOOTWEARS's quarterly results.

RELAXO FOOTWEARS Announces Quarterly Results (2QFY19); Net Profit Up 23.0% (Quarterly Result Update)

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For the quarter ended September 2018, RELAXO FOOTWEARS has posted a net profit of Rs 395 m (up 23.0% YoY). Sales on the other hand came in at Rs 5 bn (up 18.6% YoY). Read on for a complete analysis of RELAXO FOOTWEARS's quarterly results.

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