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

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RELAXO FOOTWEARS Announces Quarterly Results (3QFY19); Net Profit Down 6.7%
Mon, 4 Feb

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

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,5755,4525,5131.1%20.5%
Other incomeRs m176330-52.6%80.0%
TurnoverRs m4,5925,5155,5420.5%20.7%
ExpensesRs m3,8564,7164,7861.5%24.1%
Gross profitRs m719736727-1.2%1.1%
DepreciationRs m1361561677.3%22.7%
InterestRs m20122066.9%1.5%
Profit before taxRs m579630569-9.7%-1.7%
TaxRs m197236213-9.7%7.9%
Profit after taxRs m382395356-9.7%-6.7%
Gross profit margin%15.713.513.2
Effective tax rate%34.037.437.4
Net profit margin%8.37.26.4
* 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 20.5% on a year-on-year (YoY) basis. The expenses were up by 24.1% YoY during the same period.
  • The company's operating profit increased by 1.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 3QFY19 as against 15.7% in 3QFY18.
  • Depreciation charges increased by 22.7% and finance costs increased by 1.5% YoY, respectively.
  • Other income increased by 80.0% YoY during the quarter.
  • Net profit for the quarter declined by 6.7% YoY. Net profit margins during the quarter declined from 8.3% in 3QFY18 to 6.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.5% QoQ during the same period.
  • The company's operating profit declined by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 3QFY19 as against 13.5% in 2QFY18.
  • Net profit for the quarter declined by 9.7% QoQ, while net profit margins declined from 7.2% in 2QFY18 to 6.4% in 3QFY19.

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 612.7 to Rs 723.5, registering a Gain of Rs 110.8 or around 18.1%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 723.5, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 49.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.1 times.

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Dec 6, 2019 03:31 PM

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