Relaxo Footwears (RELAXO) Q4 99/00 earnings summary

Executive summary

• FY 1999-2000 turnover rose 11.27% YoY to ₹124.24 crore; profit before tax increased 19.16% and profit after tax 20.19%.

• The Bahadurgarh expansion doubled manufacturing capacity; its full-year earnings contribution was expected in FY 2000-01.

Financial highlights

• Total income was ₹125.18 crore versus ₹110.71 crore; total expenditure was ₹114.11 crore versus ₹101.42 crore.

• Profit before depreciation and tax was ₹11.07 crore versus ₹9.29 crore; depreciation was ₹1.13 crore versus ₹0.67 crore.

• PBT was ₹9.94 crore versus ₹8.61 crore; PAT was ₹7.89 crore versus ₹6.56 crore.

• Turnover was ₹124.24 crore versus ₹110.21 crore, up 11.27% YoY; other income was ₹0.94 crore.

Outlook and guidance

• The Bahadurgarh capacity expansion was expected to contribute fully to results in FY 2000-01, following a partial impact in FY 1999-2000.

• Plans called for a high-tech Hawai manufacturing plant at Bhiwadi, Rajasthan; land acquisition and civil works were complete, with machinery orders in process.