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Relaxo Footwears jumps after Q1 results

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surged 7.27% to Rs 487 at 15:14 on after net profit rose 1% to Rs 37 crore on 19% growth in net to Rs 483 crore in Q1 June 2017 over Q1 June 2016.

The result was announced on Saturday, 5 August 2017.

Meanwhile, the S&P Sensex was down 52.28 points or 0.16% at 32,273.13. The S&P Small-Cap index rose 165.97 points or 1.04% at 16,092.60.

On the BSE, 7,146 shares were traded on the counter so far as against the average daily volumes of 4,343 shares in the past one quarter. The stock had hit a high of Rs 495.45 and a low of Rs 457 so far during the day. The stock had hit a 52-week high of Rs 554.90 on 4 July 2017 and a 52-week low of Rs 373 on 9 November 2016.

The stock had underperformed the market over the past one month till 4 August 2017, sliding 16.43% compared with the Sensex's 3.57% rise. The stock had also underperformed the market over the past one quarter, declining 7.15% as against the Sensex's 7.3% rise. The scrip had also underperformed the market over the past one year, sliding 4.14% as against the Sensex's 16.64% rise.

The small-cap company has equity capital of Rs 12.01 crore. Face value per share is Rs 1.

Relaxo Footwears' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 1% to Rs 71 crore in Q1 June 2017 over Q1 June 2016.

The company's Managing Director Ramesh Kumar Dua said that with a strong start of the year, the management is confident of a better future performance on back of strong distribution reach created over the years, well balanced product portfolio addressing larger audience base and its focus on continuously improving manufacturing efficiencies.

is a footwear maker.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 15:16 IST
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