Relaxo Footwears Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 31, 2015 at 12:55 pm
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Relaxo Footwears Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales /income from operations (Net of excise duty) of INR 3,306.590 million against INR 2,592.320 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items was INR 328.078 million against INR 209.497 million a year ago. Profit from ordinary activities before tax was INR 290.075 million against INR 154.038 million for the same period in the last year. Net profit was INR 199.066 million or INR 3.32 per basic and diluted share before and after extraordinary items against INR 105.787 million or INR 1.76 per basic and diluted share before and after extraordinary items for the same period in the last year. EBITDA was INR 431.5 million against INR 295.0 million a year ago.
For the nine months, the company reported net sales /income from operations (Net of excise duty) of INR 10,346.620 million against INR 8,349.531 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items was INR 991.190 million against INR 786.532 million a year ago. Profit from ordinary activities before tax was INR 864.970 million against INR 646.753 million for the same period in the last year. Net profit was INR 603.689 million or INR 10.06 per diluted share before and after extraordinary items against INR 438.105 million or INR 7.30 per diluted share before and after extraordinary items for the same period in the last year. EBITDA was INR 1,300.3 million against INR 1,045.6 million a year ago. Net Debt as on December 31, 2014 was INR 1,580.7 million.
Relaxo Footwears Limited is an India-based footwear manufacturing company. The Company operates in three major categories, such as Relaxo & Bahamas (rubber slippers), Flite (EVA and PU Slippers) and Sparx (sports and canvas shoes, sandals and sporty slippers). Its brands include Relaxo, Flite, Sparx, Bahamas, Boston, Mary Jane, and Kid's Fun. Relaxo is a brand synonymous with rubber slippers, which is a footwear for all segments of society and Flite is a range of semi- formal slippers. Sparx offers sports shoes, sandals and slippers. Bahamas offers flip flops. Boston is a formal footwear for men. MaryJane offers a range of footwear for the modern women. Kid's Fun offers footwear for kids. It offers shoes, such as formals, casuals, running, athleisure, walking and training and gym. Its sandals and slippers include Sandals & Clogs, Flip Flops & Slides and Chappals & Slippers. It also operates more than 350 network of own retail outlets, with availability on all e-commerce portals.