RELAXO FOOTWEARS Announces Quarterly Results (1QFY21); Net Profit Down 51.3%

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RELAXO FOOTWEARS Announces Quarterly Results (1QFY21); Net Profit Down 51.3%
Mon, 24 Aug

RELAXO FOOTWEARS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,4835,4063,636-32.7%-43.9%
Other incomeRs m12406972.4%454.8%
TurnoverRs m6,4955,4463,705-32.0%-43.0%
ExpensesRs m5,4194,4443,066-31.0%-43.4%
Gross profitRs m1,064962570-40.7%-46.4%
DepreciationRs m266276275-0.5%3.6%
InterestRs m47354116.2%-12.4%
Profit before taxRs m765690323-53.2%-57.7%
TaxRs m26717281-53.0%-69.7%
Profit after taxRs m498518242-53.2%-51.3%
Gross profit margin%16.417.815.7
Effective tax rate%34.925.025.1
Net profit margin%7.79.56.5
* 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 fell 43.9% on a year-on-year (YoY) basis. The expenses were down by 43.4% YoY during the same period.
  • The company's operating profit declined by 46.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 15.7% in 1QFY21.
  • Depreciation charges increased by 3.6% and finance costs declined by 12.4% YoY, respectively.
  • Other income increased by 454.8% YoY during the quarter.
  • Net profit for the quarter declined by 51.3% YoY. Net profit margins during the quarter declined from 7.7% in 1QFY20 to 6.5% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 32.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.0% QoQ during the same period.
  • The company's operating profit declined by 40.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 1QFY21 as against 17.8% in 4QFY20.
  • Net profit for the quarter declined by 53.2% QoQ, while net profit margins declined from 9.5% in 4QFY20 to 6.5% in 1QFY21.

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

Tomorrow at 5pm: Get the details of India's #1 defence stock

RELAXO FOOTWEARS Share Price Performance

Over the last one year,RELAXO FOOTWEARS share price has moved up from Rs 421.7 to Rs 644.9, registering a Gain of Rs 223.2 or around 52.9%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 644.9, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 79.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.5 times.

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