RELAXO FOOTWEARS Announces Quarterly Results (4QFY19); Net Profit Up 1.8%

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RELAXO FOOTWEARS Announces Quarterly Results (4QFY19); Net Profit Up 1.8%
Mon, 13 May

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

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,5665,5136,35715.3%14.2%
Other incomeRs m63013-55.2%121.7%
TurnoverRs m5,5725,5426,37014.9%14.3%
ExpensesRs m4,5884,7865,40512.9%17.8%
Gross profitRs m97872795231.0%-2.7%
DepreciationRs m138167161-3.7%17.1%
InterestRs m252017-14.4%-29.4%
Profit before taxRs m82256978738.3%-4.3%
TaxRs m28721324314.2%-15.5%
Profit after taxRs m53535654452.8%1.8%
Gross profit margin%17.613.215.0
Effective tax rate%35.037.430.9
Net profit margin%9.66.48.5
* 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 14.2% on a year-on-year (YoY) basis. The expenses were up by 17.8% YoY during the same period.
  • The company's operating profit declined by 2.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.0% in 4QFY19 as against 17.6% in 4QFY18.
  • Depreciation charges increased by 17.1% and finance costs declined by 29.4% YoY, respectively.
  • Other income increased by 121.7% YoY during the quarter.
  • Net profit for the quarter increased by 1.8% YoY. Net profit margins during the quarter declined from 9.6% in 4QFY18 to 8.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.9% QoQ during the same period.
  • The company's operating profit increased by 31.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.0% in 4QFY19 as against 13.2% in 3QFY18.
  • Net profit for the quarter increased by 52.8% QoQ, while net profit margins increased from 6.4% in 3QFY18 to 8.5% in 4QFY19.

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 682.4 to Rs 853.0, registering a Gain of Rs 170.6 or around 25.0%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 853.0, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 58.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.5 times.

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