Lehar Footwears Reports Strong Quarterly Sales Amid Rising Interest Expenses
Lehar Footwears has announced its financial results for the quarter ending December 2024, showcasing significant growth in net sales and profit before tax, both reaching their highest levels in five quarters. However, the company also encountered increased interest expenses, reflecting a complex financial landscape.
Lehar Footwears, a microcap player in the leather industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in several key areas. Net sales reached Rs 66.92 crore, reflecting a significant growth compared to the average of the previous four quarters, which stood at Rs 43.67 crore. This marks the highest quarterly sales figure in the last five quarters, suggesting a positive near-term sales trend.Profit Before Tax (PBT) also showed strong performance, recorded at Rs 2.89 crore, which is an increase over the average PBT of Rs 1.83 crore from the previous four quarters. This figure is the highest in the last five quarters, indicating a favorable trend in profitability.
On the other hand, the company faced challenges with interest expenses, which reached Rs 1.83 crore, the highest in the last five quarters. This increase in interest costs, up by 16.56% quarter-over-quarter, points to rising borrowings.
Overall, Lehar Footwears has experienced evaluation changes in its financial metrics, reflecting a complex landscape of growth and rising costs.
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