Relaxo Footwears gained 1.17% to Rs 595.75 at 9:55 IST on BSE after net profit rose 19% to Rs 32.08 crore on 17.9% rise in net sales to Rs 459.85 crore in Q2 September 2017 over Q2 September 2016.
The result was announced on Saturday, 4 November 2017.Meanwhile, the S&P BSE Sensex was down 91.75 points or 0.27% at 33,593.81. The S&P BSE Mid-Cap index rose 12.41 points or 0.07% at 16,725.52, outperforming the Sensex.
On the BSE, 467 shares were traded on the counter so far as against the average daily volumes of 4,459 shares in the past one quarter. The stock had hit a high of Rs 598.90 and a low of Rs 483.95 so far during the day. The stock had hit a record high of Rs 634.40 on 1 November 2017 and a 52-week low of Rs 373 on 9 November 2016.
The stock had outperformed the market over the past one month till 3 November 2017, gaining 13.2% compared with 6.95% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 28.32% as against Sensex's 4.49% rise. The scrip had also outperformed the market in past one year, advancing 41.5% as against Sensex's 22.8% rise.
The mid-cap company has equity capital of Rs 12.01 crore. Face value per share is Rs 1.
Relaxo Footwears said that the revenue rose on good volume growth in Q2 September 2017. Earnings before interest, tax, depreciation and amortization (EBITDA) margin remained stable at 13.4% in Q2 September 2017, due to sustained efforts towards premiumization of product portfolio. The interest costs have halved in Q2 September 2017 over Q2 September 2016.
Relaxo Footwears is a footwear maker.
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