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

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RELAXO FOOTWEARS Announces Quarterly Results (2QFY19); Net Profit Up 23.0%
Mon, 12 Nov

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

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,5995,6655,452-3.8%18.6%
Other incomeRs m152463158.7%331.7%
TurnoverRs m4,6135,6895,515-3.1%19.5%
ExpensesRs m3,9834,8364,716-2.5%18.4%
Gross profitRs m615829736-11.3%19.6%
DepreciationRs m13514015611.5%15.3%
InterestRs m191912-37.6%-34.6%
Profit before taxRs m476694630-9.2%32.4%
TaxRs m1552342360.5%51.8%
Profit after taxRs m321460395-14.1%23.0%
Gross profit margin%13.414.613.5
Effective tax rate%32.633.837.4
Net profit margin%7.08.17.2
* 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 18.6% on a year-on-year (YoY) basis. The expenses were up by 18.4% YoY during the same period.
  • The company's operating profit increased by 19.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.5% in 2QFY19.
  • Depreciation charges increased by 15.3% and finance costs declined by 34.6% YoY, respectively.
  • Other income increased by 331.7% YoY during the quarter.
  • Net profit for the quarter increased by 23.0% YoY. Net profit margins during the quarter increased from 7.0% in 2QFY18 to 7.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.5% QoQ during the same period.
  • The company's operating profit declined by 11.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 2QFY19 as against 14.6% in 1QFY18.
  • Net profit for the quarter declined by 14.1% QoQ, while net profit margins declined from 8.1% in 1QFY18 to 7.2% in 2QFY19.

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 569.1 to Rs 785.0, registering a Gain of Rs 216.0 or around 37.9%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 785.0, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 53.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 19.6 times.

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

Feb 4, 2019 | Updated on Feb 4, 2019

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 (1QFY19); Net Profit Up 23.0% (Quarterly Result Update)

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For the quarter ended June 2018, RELAXO FOOTWEARS has posted a net profit of Rs 460 m (up 23.0% YoY). Sales on the other hand came in at Rs 6 bn (up 15.5% YoY). Read on for a complete analysis of RELAXO FOOTWEARS's quarterly results.

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