Liberty Shoes surges after robust Q4 earnings

Liberty Shoes surged 14.94% to Rs 188.45 at 9:39 IST on BSE after net profit surged 340.21% to Rs 4.27 crore on 35.4% increase in net sales to Rs 142.05 crore in Q4 March 2014 over Q4 March 2013.

The result was announced after market hours on Thursday, 17 April 2014.

Meanwhile, the BSE Sensex was up 60.67 points, or 0.27%, to 22,689.51.

On BSE, so far 1.98 lakh shares were traded in the counter, compared with an average volume of 53,116 shares in the past one quarter.

The stock hit a high of Rs 191.65 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 172.90 so far during the day. The stock hit a 52-week low of Rs 67.80 on 7 August 2013.

The stock had outperformed the market over the past one month till 17 April 2014, rising 7.37% compared with the Sensex's 3.76% rise. The scrip had also outperformed the market in past one quarter, rising 15.70% as against Sensex's 7.43% rise.

The small-cap company has an equity capital of Rs 17.04 crore. Face value per share is Rs 10.

Liberty Shoes' net profit surged 145.1% to Rs 13.21 crore on 34.2% increase in net sales to Rs 483.49 crore in the year ended March 2014 over the year ended March 2013.

Liberty Shoes is one of the leading footwear manufacturers in India.

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