RELAXO FOOTWEARS LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.502.40 crores during the period ended June 30, 2021 as compared to Rs.754.57 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.30.96 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.102.17 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.1.24 for the period ended June 30, 2021 as compared to Rs.4.10 for the period ended March 31, 2021.
|
Total Income | ₹ 502.40 crs | ₹ 754.57 crs | -33.42% |
Net Profit | ₹ 30.96 crs | ₹ 102.17 crs | -69.7% |
EPS | ₹ 1.24 | ₹ 4.10 | -69.76% |
Financial Results (Q1 FY 2021-22) - YoY ComparisonThe company has reported total income of Rs.502.40 crores during the period ended June 30, 2021 as compared to Rs.370.46 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.30.96 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.24.22 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.1.24 for the period ended June 30, 2021 as compared to Rs.0.97 for the period ended June 30, 2020.
|
Total Income | ₹ 502.40 crs | ₹ 370.46 crs | 35.62% |
Net Profit | ₹ 30.96 crs | ₹ 24.22 crs | 27.83% |
EPS | ₹ 1.24 | ₹ 0.97 | 27.84% |
Commenting on the results and performance, Mr. Ramesh Kumar Dua, Managing Director said: "The second wave of COVID - 19 that caused lot of disruptions has now begun to reside and with the vaccination drive gaining pace the economy is opening up and moving back to normalcy. However, during the months of April and May there were severe disruptions due to localized lockdowns across geographies.
Inspite of all the challenges we managed to deliver yet another resilient quarter backed by our customer centric approach, market share and continuous focus on quality improvement, though, we remain cautious on the rising trend in raw material prices.
During the quarter, we invested our efforts into brand building, product innovation and enhancing customer reach to provide best in class experience to our consumers and for creating long term value for all our stakeholders. Being the most trusted brand among consumers, Relaxo is well placed to emerge stronger and more energetic in the post COVID - 19 world. The company enjoys comfortable liquidity position with strong balance sheet and cash flow position and is rightly positioned to tap the growth opportunities in the sector.
We continue to support and provide assistance to our distributors and retailers to serve the consumers across India".
Shares of RELAXO FOOTWEARS LTD. was last trading in BSE at Rs. 1149.8 as compared to the previous close of Rs. 1155.7. The total number of shares traded during the day was 13554 in over 3009 trades.
The stock hit an intraday high of Rs. 1160 and intraday low of 1142.6. The net turnover during the day was Rs. 15594537.
Source : Equity Bulls
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