Last Updated on February 2, 2024 by ethinos
Highlights for RELAXO Q3 FY24 Results
1. Revenue Growth:
Revenue for Q3 FY24 reached Rs. 713 crores, reflecting a 5% year-on-year (Y-o-Y) increase compared to Rs. 681 crores in Q3 FY23. This growth is primarily attributed to higher sales volumes during the period.
2. EBITDA Performance:
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at Rs. 87 crores in Q3 FY24, marking a 21% Y-o-Y growth from Rs. 72 crores in the corresponding quarter of the previous year. The EBITDA margin saw a significant improvement, reaching 12.2% during Q3 FY24 compared to 10.6% in Q3 FY23, an increase of 162 basis points (bps). This improvement is attributed to the softening of raw material prices and operational efficiencies achieved during the period.
3. Profit After Tax (PAT) Increase:
Profit After Tax for Q3 FY24 amounted to Rs. 39 crores, showing a robust 28% Y-o-Y increase from Rs. 30 crores in Q3 FY23. The PAT margin also experienced a notable improvement, rising by 99 bps to reach 5.4% in Q3 FY24 compared to 4.4% in the corresponding quarter of the previous year.
Additional Read: Q3 Results Dashboard
Highlights for 9M FY24
1. Revenue Growth:
Revenue for the first nine months of FY24 reached Rs. 2,167 crores, marking a 7% increase compared to Rs. 2,018 crores in 9M FY23. This growth underscores the company’s ability to generate higher revenue over the period.
2. EBITDA Performance:
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at Rs. 286 crores in 9M FY24, representing a substantial 31% year-on-year (Y-o-Y) increase from Rs. 218 crores in 9M FY23. The EBITDA margin also showed significant improvement, reaching 13.2% in 9M FY24 compared to 10.8% in 9M FY23, an improvement of 242 basis points (bps). This enhancement is indicative of improved operational efficiency and cost management strategies implemented by the company.
3. Profit After Tax (PAT) Growth:
Profit After Tax for 9M FY24 amounted to Rs. 139 crores, indicating a remarkable 53% Y-o-Y increase from Rs. 91 crores in 9M FY23. The PAT margin also witnessed a notable improvement, reaching 6.4% in 9M FY24 compared to 4.5% in 9M FY23, up by 190 bps. This increase underscores the company’s strong profitability and effective utilisation of resources.
| Particulars (Rs. Cr) | Q3 FY24 | Q3 FY23 | Y-o-Y | 9M FY24 | 9M FY23 | Y-o-Y |
| Revenue from Operations | 713 | 681 | 5% | 2,167 | 2,018 | 7% |
| EBITDA | 87 | 72 | 21% | 286 | 218 | 31% |
| EBITDA Margins (%) | 12.2% | 10.6% | 162 bps | 13.2% | 10.8% | 242 bps |
| Profit After Tax | 39 | 30 | 28% | 139 | 91 | 53% |
| PAT Margins (%) | 5.4% | 4.4% | 99 bps | 6.4% | 4.5% | 190 bps |
*EBITDA as a % of Revenue from Operations (excluding other income)
Additional Check: Relaxo Footwears Share Price
About Relaxo Footwears Limited
Relaxo Footwears Limited is an Indian multinational footwear manufacturer based in New Delhi. It is the largest footwear manufacturer in India in terms of volume and second-largest in terms of revenue. It makes products under 10 brands, including Flite, Sparx, Bahamas and Schoolmate. It was founded in 1976 by Mukand Lal Dua and Ramesh Kumar Dua. It has a network of over 350 retail outlets and sells online as well. It has also signed up several Bollywood actors to endorse its brands.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For Research Disclaimers Click Here: https://bit.ly/3Tcsfuc
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c632e61a-11d2-4d56-9203-9046f3de3c8f.pdf
