Relaxo Footwears Q1FY21; profit falls by ~51% yoy

The company recorded a profit of ~Rs24cr in Q1FY21.

Aug 01, 2020 10:08 IST India Infoline News Service

Relaxo Footwears Ltd announced its Q1FY21 results on Aug 1, 2020. Consolidated net revenue of Relaxo Footwears Ltd in Q1FY21 stood at Rs363.58cr, which declined by 43.92% yoy from Rs648.3cr in Q1FY20.

EBITDA stood at Rs57.02cr in Q1FY21 which decreased by 46.42% yoy. For Q1FY20, it posted EBITDA of Rs106.42cr. EBITDA margin as of Q1FY21 was at 15.68% which declined by 74bps yoy against the same quarter, the previous year.

The consolidated net profit in Q1FY21 came in at Rs24.22cr which declined by 51.32%, as compared to Q1FY20, when it reported Rs49.75cr. The net profit margin in Q1FY21 came in at 6.66% which declined by 1.01% yoy. The net profit margin for Q1FY20 was at 7.67%.

Share price of company is at Rs596.25 on BSE.

Particulars Q1FY21 (Rs in cr) Q1FY20 (Rs in cr) % VAR
Net Revenue 363.58 648.30 -43.92
Operating Profit 57.02 106.42 -46.42
Net Profit 24.22 49.75 -51.32
EBITDAM% 15.68 16.42 -74bps
PATM% 6.66 7.67 -1.01

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