Relaxo Footwears surged 7.27% to Rs 487 at 15:14 IST on BSE after net profit rose 1% to Rs 37 crore on 19% growth in net revenue to Rs 483 crore in Q1 June 2017 over Q1 June 2016.
The result was announced on Saturday, 5 August 2017.Meanwhile, the S&P BSE Sensex was down 52.28 points or 0.16% at 32,273.13. The S&P BSE Small-Cap index rose 165.97 points or 1.04% at 16,092.60.
On the BSE, 7,146 shares were traded on the counter so far as against the average daily volumes of 4,343 shares in the past one quarter. The stock had hit a high of Rs 495.45 and a low of Rs 457 so far during the day. The stock had hit a 52-week high of Rs 554.90 on 4 July 2017 and a 52-week low of Rs 373 on 9 November 2016.
The stock had underperformed the market over the past one month till 4 August 2017, sliding 16.43% compared with the Sensex's 3.57% rise. The stock had also underperformed the market over the past one quarter, declining 7.15% as against the Sensex's 7.3% rise. The scrip had also underperformed the market over the past one year, sliding 4.14% as against the Sensex's 16.64% rise.
The small-cap company has equity capital of Rs 12.01 crore. Face value per share is Rs 1.
Relaxo Footwears' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 1% to Rs 71 crore in Q1 June 2017 over Q1 June 2016.
The company's Managing Director Ramesh Kumar Dua said that with a strong start of the year, the management is confident of a better future performance on back of strong distribution reach created over the years, well balanced product portfolio addressing larger audience base and its focus on continuously improving manufacturing efficiencies.
Relaxo Footwears is a footwear maker.
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