Liberty Shoes has rallied 14% to Rs 188 after reporting an over four-fold jump in its March quarter net profit at Rs 4.27 crore, due to higher sales. The footwear maker had posted a net profit of Rs 0.97 crore in the same quarter last fiscal.
The company’s total operational income grew 33.9% to Rs 142 crore in the quarter under review as against Rs 106 crore a year ago, Liberty Shoes said in a statement.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) were up 61% yoy to Rs 12.37 crore, while margins improved by over 100bps to 8.68% from 7.2%, the company added.
Meanwhile, the company has reported over two-fold jump in net profit at Rs 13.21 crore for the entire financial year 2013-14 against Rs 5.39 crore in the previous fiscal.
The stock opened at Rs 172 and touched a 52-week high of Rs 192 on the NSE. A combined 1.13 million shares have changed hands on the counter so far against an average sub 1 million shares that were traded daily in the past two weeks on the NSE and BSE.
The company’s total operational income grew 33.9% to Rs 142 crore in the quarter under review as against Rs 106 crore a year ago, Liberty Shoes said in a statement.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) were up 61% yoy to Rs 12.37 crore, while margins improved by over 100bps to 8.68% from 7.2%, the company added.
Meanwhile, the company has reported over two-fold jump in net profit at Rs 13.21 crore for the entire financial year 2013-14 against Rs 5.39 crore in the previous fiscal.
The stock opened at Rs 172 and touched a 52-week high of Rs 192 on the NSE. A combined 1.13 million shares have changed hands on the counter so far against an average sub 1 million shares that were traded daily in the past two weeks on the NSE and BSE.
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