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

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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.

Top Stock to Buy: One stock with crorepati potential

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.

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