RELAXO FOOTWEARS Announces Quarterly Results (4QFY20); Net Profit Down 4.8%

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RELAXO FOOTWEARS Announces Quarterly Results (4QFY20); Net Profit Down 4.8%
Mon, 8 Jun

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

RELAXO FOOTWEARS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m6,3575,9985,406-9.9%-15.0%
Other incomeRs m13224083.9%200.0%
TurnoverRs m6,3706,0205,446-9.5%-14.5%
ExpensesRs m5,4054,9824,444-10.8%-17.8%
Gross profitRs m9521,016962-5.3%1.0%
DepreciationRs m1612752760.6%71.6%
InterestRs m174435-20.0%102.9%
Profit before taxRs m787719690-4.0%-12.3%
TaxRs m243178172-2.9%-29.0%
Profit after taxRs m544542518-4.4%-4.8%
Gross profit margin%15.016.917.8
Effective tax rate%30.924.725.0
Net profit margin%8.59.09.5
* 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 fell 15.0% on a year-on-year (YoY) basis. The expenses were down by 17.8% YoY during the same period.
  • The company's operating profit increased by 1.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 4QFY20 as against 15.0% in 4QFY19.
  • Depreciation charges increased by 71.6% and finance costs increased by 102.9% YoY, respectively.
  • Other income increased by 200.0% YoY during the quarter.
  • Net profit for the quarter declined by 4.8% YoY. Net profit margins during the quarter increased from 8.5% in 4QFY19 to 9.5% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.8% QoQ during the same period.
  • The company's operating profit declined by 5.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 4QFY20 as against 16.9% in 3QFY19.
  • Net profit for the quarter declined by 4.4% QoQ, while net profit margins increased from 9.0% in 3QFY19 to 9.5% in 4QFY20.

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

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RELAXO FOOTWEARS Share Price Performance

Over the last one year,RELAXO FOOTWEARS share price has moved up from Rs 423.6 to Rs 736.5, registering a Gain of Rs 312.9 or around 73.9%.

Overall, the S&P BSE SENSEX is down 12.0% over the year.

Current Valuations

At the current price of Rs 736.5, the price to earnings (P/E) ratio of RELAXO FOOTWEARS stands at 80.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 16.5 times.

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Mar 9, 2021 03:36 PM

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