Liberty Shoes Q2 net dips 50% to Rs 17 cr

Liberty Shoes has posted a 50.13% decline in net profit for the second quarter ended September 30, 2011 at Rs 17.08 crore due to high interest costs.

The company's net profit during the three months ended September 30, 2010 was Rs 34.25 crore.

Liberty Shoes' net sales during the quarter under review grew 13.96% at Rs 79.59 crore, as compared to Rs 69.84 in the quarter ended September 30, 2010, it said in a filing to the Bombay Stock Exchange (BSE).

The firm's scrip closed at Rs 82.60, down 0.30% from the previous close on the BSE.