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Published on 16/09/2020 11:47:01 AM | Source: Angel Broking Ltd

Quote on Liberty Shoes 1QFY21 Result By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

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Below is the Quote on Liberty Shoes 1QFY21 Result By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

“For 1QFY21, Liberty shoes (LSL)’s top-line declined by ~70% yoy to Rs51cr. Top-line was negatively impacted mainly due COVID-19 lockdown. On the operating front, the company reported profit of ~Rs0.7cr (against profit of ~Rs10cr in 1QFY20) due to negative impact of operating leverage. On the bottom-line front, LSL reported loss of ~Rs11cr (against profit of ~Rs2cr in 1QFY20) due to lower sales.”

 

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