RELAXO FOOTWEARS Announces Quarterly Results (1QFY20); Net Profit Up 8.3%

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RELAXO FOOTWEARS Announces Quarterly Results (1QFY20); Net Profit Up 8.3%
Mon, 5 Aug

RELAXO FOOTWEARS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5,6656,3576,4832.0%14.4%
Other incomeRs m241312-6.8%-48.8%
TurnoverRs m5,6896,3706,4952.0%14.2%
ExpensesRs m4,8365,4055,4190.3%12.1%
Gross profitRs m8299521,06411.8%28.4%
DepreciationRs m14016126664.8%89.9%
InterestRs m191747169.4%140.2%
Profit before taxRs m694787765-2.9%10.2%
TaxRs m2342432679.9%14.0%
Profit after taxRs m460544498-8.6%8.3%
Gross profit margin%14.615.016.4
Effective tax rate%33.830.934.9
Net profit margin%8.18.57.7
* 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 14.4% on a year-on-year (YoY) basis. The expenses were up by 12.1% YoY during the same period.
  • The company's operating profit increased by 28.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 1QFY20 as against 14.6% in 1QFY19.
  • Depreciation charges increased by 89.9% and finance costs increased by 140.2% YoY, respectively.
  • Other income declined by 48.8% YoY during the quarter.
  • Net profit for the quarter increased by 8.3% YoY. Net profit margins during the quarter declined from 8.1% in 1QFY19 to 7.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 11.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 1QFY20 as against 15.0% in 4QFY19.
  • Net profit for the quarter declined by 8.6% QoQ, while net profit margins declined from 8.5% in 4QFY19 to 7.7% in 1QFY20.

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 407.3 to Rs 430.6, registering a Gain of Rs 23.3 or around 5.7%.

Overall, the S&P BSE SENSEX is down 1.7% over the year.

Current Valuations

At the current price of Rs 430.6, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 28.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.8 times.

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