RELAXO FOOTWEARS Announces Quarterly Results (3QFY20); Net Profit Up 52.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RELAXO FOOTWEARS Announces Quarterly Results (3QFY20); Net Profit Up 52.0%
Mon, 3 Feb

RELAXO FOOTWEARS has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,5136,2185,998-3.5%8.8%
Other incomeRs m30172231.5%-26.9%
TurnoverRs m5,5426,2346,020-3.4%8.6%
ExpensesRs m4,7865,1714,982-3.6%4.1%
Gross profitRs m7271,0471,016-3.0%39.8%
DepreciationRs m167278275-1.0%64.2%
InterestRs m2043441.9%117.3%
Profit before taxRs m569743719-3.2%26.4%
TaxRs m21338178372.3%-16.5%
Profit after taxRs m356705542-23.2%52.0%
Gross profit margin%13.216.816.9
Effective tax rate%37.45.124.7
Net profit margin%6.411.39.0
* 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 8.8% on a year-on-year (YoY) basis. The expenses were up by 4.1% YoY during the same period.
  • The company's operating profit increased by 39.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.9% in 3QFY20 as against 13.2% in 3QFY19.
  • Depreciation charges increased by 64.2% and finance costs increased by 117.3% YoY, respectively.
  • Other income declined by 26.9% YoY during the quarter.
  • Net profit for the quarter increased by 52.0% YoY. Net profit margins during the quarter increased from 6.4% in 3QFY19 to 9.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.6% QoQ during the same period.
  • The company's operating profit declined by 3.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.9% in 3QFY20 as against 16.8% in 2QFY19.
  • Net profit for the quarter declined by 23.2% QoQ, while net profit margins declined from 11.3% in 2QFY19 to 9.0% in 3QFY20.

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

Get Details: We are Bullish on These 3 Little-known Stocks

RELAXO FOOTWEARS Share Price Performance

Over the last one year,RELAXO FOOTWEARS share price has moved up from Rs 372.8 to Rs 739.9, registering a Gain of Rs 367.1 or around 98.5%.

Overall, the S&P BSE SENSEX is up 9.6% over the year.

Current Valuations

At the current price of Rs 739.9, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 38.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.0 times.

Equitymaster requests your view! Post a comment on "RELAXO FOOTWEARS Announces Quarterly Results (3QFY20); Net Profit Up 52.0%". Click here!

  

Related Views on News

RELAXO FOOTWEARS Announces Quarterly Results (3QFY21); Net Profit Up 66.3% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, RELAXO FOOTWEARS has posted a net profit of Rs 901 m (up 66.3% YoY). Sales on the other hand came in at Rs 7 bn (up 12.0% YoY). Read on for a complete analysis of RELAXO FOOTWEARS's quarterly results.

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

Nov 4, 2020 | Updated on Nov 4, 2020

For the quarter ended September 2020, RELAXO FOOTWEARS has posted a net profit of Rs 751 m (up 6.5% YoY). Sales on the other hand came in at Rs 6 bn (down 7.4% YoY). Read on for a complete analysis of RELAXO FOOTWEARS's quarterly results.

Shares of Oxygen Suppliers in Focus Amid Rising Demand for Oxygen (Company Info)

Apr 20, 2021

In this article, we discuss the hype around Oxygen supplier stocks and a little known NBFC company, which has rallied 150% in less than a month.

Nazara Technologies IPO: Should You Apply? (IPO)

Mar 17, 2021

Should you bet on this gaming company backed by ace investor Rakesh Jhunjhunwala?

RELAXO FOOTWEARS 2018-19 Annual Report Analysis (Annual Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

Here'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.

More Views on News

Most Popular

My 'Unlock' Investments(Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

How I Discovered a 400-Year-Old Open Secret to Extreme Wealth(Profit Hunter)

Jun 11, 2021

Charlie Munger's open secret about investing success.

The Most Visible Sign of India's Revival is on Two Wheels(Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

Wednesday's Market Fall Explained(Fast Profits Daily)

Jun 10, 2021

This is why the stock market fell the way it did on Wednesday.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

RELAXO FOOTWEARS SHARE PRICE


Jun 22, 2021 (Close)

TRACK RELAXO FOOTWEARS

  • Track your investment in RELAXO FOOTWEARS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON RELAXO FOOTWEARS

RELAXO FOOTWEARS - NB FOOT WEAR COMPARISON

COMPARE RELAXO FOOTWEARS WITH

MARKET STATS