Relaxo Footwears Q1 net profit up 24.90% at Rs 38.67 cr
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The company reported standalone net profit of Rs 38.67 crore for the quarter ended June 30, 2022 as compared to Rs 30.96 crore in the same period last year, registering a year-on-year growth of 24.90 per cent. Net revenue of the company rose substantially by 34.20 per cent at Rs 667.15 crore in April-June quarter of this fiscal as against Rs 497.13 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 34.82 per cent to Rs 581.03 crore from Rs 430.96 crore in year ago period. Other Income dipped by 20.87 per cent at Rs 4.17 crore versus (Jun'21 Rs 5.27 crore). Operating Profit surged by 30.15 per cent to Rs 86.12 crore as against Rs 66.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.01 per cent in June quarter. Interest grew by 84.18 per cent y-o-y to Rs 6.87 crore, while Taxation increased by 60.50 per cent at Rs 14.91 crore (Jun'21 Rs 9.29 crore).
