Relaxo Footwear Reports Strong Financial Results for Q4 2023, PBT and PAT Show Significant Growth

Relaxo Footwear, a leading player in the consumer durables industry, has recently announced its financial results for the quarter ended December 2023. The company has shown positive performance in this quarter, with a score of 7 out of 12, compared to the previous quarter's score of 12.

One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) by 24.00% year on year, reaching Rs 44.84 crore. The trend for PBT in the near term is also positive. Similarly, the Profit After Tax (PAT) has also shown a growth of 28.1% year on year, with a total of Rs 38.57 crore. The near term trend for PAT is also positive.

However, one area of concern for Relaxo Footwear is its Debtors Turnover Ratio, which has fallen to 9.10 times in the last half year, the lowest in the last five half yearly periods. This indicates a slowdown in the company's pace of settling its debtors.

Despite this, MarketsMOJO has given a 'Sell' call for Relaxo Footwear's stock. This is based on the company's financial performance and not influenced by any external factors such as investor interest or expert opinions.

Overall, Relaxo Footwear has shown a positive financial performance in the quarter ended December 2023. However, investors should keep an eye on the company's Debtors Turnover Ratio in the coming months.