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- RELAXO FOOTWEARS Announces Quarterly Results (2QFY21); Net Profit Up 6.5%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 6,218 | 3,636 | 5,759 | 58.4% | -7.4% |
| Other income | Rs m | 17 | 69 | 50 | -26.7% | 205.5% |
| Turnover | Rs m | 6,234 | 3,705 | 5,809 | 56.8% | -6.8% |
| Expenses | Rs m | 5,171 | 3,066 | 4,490 | 46.5% | -13.2% |
| Gross profit | Rs m | 1,047 | 570 | 1,269 | 122.6% | 21.2% |
| Depreciation | Rs m | 278 | 275 | 278 | 1.0% | 0.1% |
| Interest | Rs m | 43 | 41 | 38 | -6.6% | -11.6% |
| Profit before tax | Rs m | 743 | 323 | 1,004 | 210.5% | 35.1% |
| Tax | Rs m | 38 | 81 | 253 | 211.7% | 571.5% |
| Profit after tax | Rs m | 705 | 242 | 751 | 210.1% | 6.5% |
| Gross profit margin | % | 16.8 | 15.7 | 22.0 | ||
| Effective tax rate | % | 5.1 | 25.1 | 25.2 | ||
| Net profit margin | % | 11.3 | 6.5 | 12.9 |
Interim results exclude extraordinary / exceptional items
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.
Related Views on News
RELAXO FOOTWEARS Announces Quarterly Results (1QFY21); Net Profit Down 51.3% (Quarterly Result Update)
Aug 24, 2020 | Updated on Aug 24, 2020For the quarter ended June 2020, RELAXO FOOTWEARS has posted a net profit of Rs 242 m (down 51.3% YoY). Sales on the other hand came in at Rs 4 bn (down 43.9% YoY). Read on for a complete analysis of RELAXO FOOTWEARS's quarterly results.
RELAXO FOOTWEARS Announces Quarterly Results (4QFY20); Net Profit Down 4.8% (Quarterly Result Update)
Jun 8, 2020 | Updated on Jun 8, 2020For the quarter ended March 2020, RELAXO FOOTWEARS has posted a net profit of Rs 518 m (down 4.8% YoY). Sales on the other hand came in at Rs 5 bn (down 15.0% YoY). Read on for a complete analysis of RELAXO FOOTWEARS's quarterly results.
RELAXO FOOTWEARS 2018-19 Annual Report Analysis (Annual Result Update)
Oct 18, 2019 | Updated on Oct 18, 2019Here's an analysis of the annual report of RELAXO FOOTWEARS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of RELAXO FOOTWEARS. Also includes updates on the valuation of RELAXO FOOTWEARS.
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