Relaxo Footwears fourth quarter net profit drops 38% to Rs 63 cr; revenue drops 6.6%

The company’s total expenses were at Rs 619.66 crore, up marginally 0.43 per cent in Q4 FY22, as against Rs 616.96 crore a year ago.

Relaxo Footwears Ltd on Wednesday reported a decay of 38.40 percent in its net profit at Rs 62.93 crore for the final quarter ended March 2022. It had posted a net profit of Rs 102.17 crore in the January-March quarter of the first monetary, Relaxo Footwears said in a regulatory filing. Its income from operations was down 6.61 percent to Rs 698.19 crore during the period under review as against Rs 747.68 crore in the corresponding period of the previous fiscal.

For the entire financial year ended on March 31, 2022, Relaxo Footwears’ net profit was down 20.19 per cent at Rs 232.68 crore. It had reported a net profit of Rs 291.56 crore in 2020-21.

Revenue from operation stood at Rs 2,653.27 crore in 2021-22. This was 12.46 per cent higher than Rs 2,359.15 crore in FY21.

Meanwhile, in a separate filing, Relaxo Footwears said its board in a meeting held on Wednesday recommended a final dividend of Rs 2.50 per equity share of face value of Rs 1 each for FY22.

Shares of Relaxo Footwears Ltd on Wednesday settled at Rs 1,038.40 apiece on the BSE, down 0.89 per cent from the previous close.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

---

For Latest News Follow us on Google News

---

Latest Headlines

• Show all
• Trending News
• Popular By week

North Carolina men charged with selling stolen iPhones and other electronics

May 20, 2022

The indictment on both men allege that as early as 2013 and continuing through the beginning of 2020, Alasfar and Alkhayyat purchased thousands of stolen and ...

In a nod to rate hikes, Australia has the lowest unemployment rate since 1974

May 21, 2022

So strong is the inflation tide globally that investors are wagering rates will rise to at least 2.5% by the end of the year, even if that threatens to ...

2 More Xbox Game Pass Games Confirmed for June 2022

May 20, 2022

Unless Xbox consoles are displaying inaccurate information, it seems as though For Honor: Marching Fire Edition will be added to Xbox Game Pass on June 1. ...

GLOBAL MARKETS-Stocks fall as inflation fears reappear, as the dollar rallies

May 21, 2022

Soaring prices and material shortages have already hit homebuilding, the sector of the economy most sensitive to rates. But the U.S. Commerce Department ...

Lebanon’s recovery plan involves a central bank debt write-off and depositors’ haircuts

May 20, 2022

It includes several measures that are prerequisites to unlock funds from a preliminary deal with the International Monetary Fund agreed in April that could ...

Biden starts his Asia trip with a focus on global concerns and technology

May 20, 2022

The Samsung visit was a nod to one of Biden’s key domestic priorities: increasing the supply of computer chips. A semiconductor shortage last year hurt the ...

China’s zero-COVID policy undermines international hopes for a rapid economic recovery

May 21, 2022

ANZ’s chief economist for Greater China, Raymond Yeung, said Beijing’s economic policies have more recently shifted to home-grown solutions and reforms, ...

BRICS bank opens India regional office in GIFT City in Gujarat

May 20, 2022

Working in close coordination with the NDB Headquarters, the Indian Regional Office will focus on project origination including initial project preparation ...

The S&P 500 index in the US is on track to confirm a bear market, down 20% from its closing record.

May 20, 2022

Shares of Deere & Co tumbled 12.1% and were the biggest drag on the industrial sector after the heavy equipment maker posted downbeat quarterly revenue. ...

As China’s middle class shuns luxury, big brands are worried

May 20, 2022

“I definitely feel that we need to protect ourselves from this uncertainty around the economy,” she said. If she is typical of many young, urban, middle ...

Show next