RELAXO FOOTWEARS Announces Quarterly Results (2QFY21); Net Profit Up 6.5%

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RELAXO FOOTWEARS Announces Quarterly Results (2QFY21); Net Profit Up 6.5%
Wed, 4 Nov

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

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m6,2183,6365,75958.4%-7.4%
Other incomeRs m176950-26.7%205.5%
TurnoverRs m6,2343,7055,80956.8%-6.8%
ExpensesRs m5,1713,0664,49046.5%-13.2%
Gross profitRs m1,0475701,269122.6%21.2%
DepreciationRs m2782752781.0%0.1%
InterestRs m434138-6.6%-11.6%
Profit before taxRs m7433231,004210.5%35.1%
TaxRs m3881253211.7%571.5%
Profit after taxRs m705242751210.1%6.5%
Gross profit margin%16.815.722.0
Effective tax rate%5.125.125.2
Net profit margin%11.36.512.9
* 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 7.4% on a year-on-year (YoY) basis. The expenses were down by 13.2% YoY during the same period.
  • The company's operating profit increased by 21.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.0% in 2QFY21 as against 16.8% in 2QFY20.
  • Depreciation charges increased by 0.1% and finance costs declined by 11.6% YoY, respectively.
  • Other income increased by 205.5% YoY during the quarter.
  • Net profit for the quarter increased by 6.5% YoY. Net profit margins during the quarter increased from 11.3% in 2QFY20 to 12.9% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 58.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 46.5% QoQ during the same period.
  • The company's operating profit increased by 122.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.0% in 2QFY21 as against 15.7% in 1QFY20.
  • Net profit for the quarter increased by 210.1% QoQ, while net profit margins increased from 6.5% in 1QFY20 to 12.9% in 2QFY21.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

RELAXO FOOTWEARS Share Price Performance

Over the last one year, RELAXO FOOTWEARS share price has moved up from Rs 564.7 to Rs 693.6, registering a Gain of Rs 128.9 or around 22.8%.

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 693.6, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 83.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.6 times.

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