Shares of Relaxo Footwears were trading 6% above on 1 November after the company announced its quarterly earnings for July-September. The shares of the company were trading flat during the trading session but skyrocketed 6% and close to its 52-week high after the company announced its quarterly report.

The company reported a consolidated net profit of Rs 44 lakh for the quarter under review, which is a twofold increase against Rs 22 crore reported in the year-ago quarter.

The consolidated revenue from operations of the company saw a 7% YoY (year-on-year) increase to Rs 715 crore from Rs 670 crore reported in the same quarter of the previous fiscal year.

The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) was at Rs 92 crore, which is a 53% YoY increase from Rs 60 crore reported in the corresponding quarter of the previous fiscal year. The EBITDA margin grew to 12.9% against the 9% reported in the year-ago quarter.

At 3:30 pm, the shares of Relaxo Footwears closed 3.12% above at Rs 926 on NSE.