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

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 (3QFY21); Net Profit Up 66.3%
Mon, 1 Feb

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

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m5,9985,7596,72016.7%12.0%
Other incomeRs m225040-21.4%82.5%
TurnoverRs m6,0205,8096,76016.4%12.3%
ExpensesRs m4,9824,4905,23316.6%5.0%
Gross profitRs m1,0161,2691,48717.2%46.4%
DepreciationRs m2752782780.0%1.2%
InterestRs m4438405.0%-8.9%
Profit before taxRs m7191,0041,20920.5%68.1%
TaxRs m17825330822.0%73.5%
Profit after taxRs m54275190119.9%66.3%
Gross profit margin%16.922.022.1
Effective tax rate%24.725.225.5
Net profit margin%9.012.913.3
* 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 12.0% on a year-on-year (YoY) basis. The expenses were up by 5.0% YoY during the same period.
  • The company's operating profit increased by 46.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 3QFY21 as against 16.9% in 3QFY20.
  • Depreciation charges increased by 1.2% and finance costs declined by 8.9% YoY, respectively.
  • Other income increased by 82.5% YoY during the quarter.
  • Net profit for the quarter increased by 66.3% YoY. Net profit margins during the quarter increased from 9.0% in 3QFY20 to 13.3% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.6% QoQ during the same period.
  • The company's operating profit increased by 17.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 3QFY21 as against 22.0% in 2QFY20.
  • Net profit for the quarter increased by 19.9% QoQ, while net profit margins increased from 12.9% in 2QFY20 to 13.3% in 3QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

RELAXO FOOTWEARS Share Price Performance

Over the last one year, RELAXO FOOTWEARS share price has moved up from Rs 733.0 to Rs 837.5, registering a Gain of Rs 104.5 or around 14.3%.

Overall, the S&P BSE SENSEX is up 18.5% over the year.

Current Valuations

At the current price of Rs 837.5, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 86.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.8 times.

Equitymaster requests your view! Post a comment on "RELAXO FOOTWEARS Announces Quarterly Results (3QFY21); Net Profit Up 66.3%". Click here!

  

Related Views on News

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.

RELAXO FOOTWEARS Announces Quarterly Results (1QFY21); Net Profit Down 51.3% (Quarterly Result Update)

Aug 24, 2020 | Updated on Aug 24, 2020

For 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.

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

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

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


Apr 9, 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 - P&G COMPARISON

COMPARE RELAXO FOOTWEARS WITH

MARKET STATS