Revenue at Rs 63 crore in Q1 Footwear Company

194 crores, the profit in the June quarter has increased to Rs 2.4 crores from Rs 2.3 crores in the same quarter last year Revenue of Rs 63 crore in Q1, company now gets orders worth Rs 298 crore

Footwear company Lahar Footwear has informed that it has received a big order related to a government scheme. The company has also released its results on Friday. According to which the company's profit has increased by more than 4 percent compared to last year. However, there has been a decline of more than 2 percent in income. The company's operating profit and operating margin have also seen an increase compared to last year. In Friday's trading, the stock closed at 242.25 with a gain of more than 2 percent. The stock is included in ESM Stage 2.

How have the quarterly results been

According to the information given by the company, its profit has increased from Rs 2.3 crore to Rs 2.4 crore as compared to the same quarter last year. The profit in the March quarter was Rs 1.2 crore. During this period, the company's income has come down from Rs 64.7 crore to Rs 63.2 crore. Operating profit has increased from Rs 5.3 crore to Rs 5.9 crore. Operating margin has been 9.3 percent which was 8.2 percent a year ago.

What information has been provided about the order?

Under the agreement, these tool kits will be used to improve the skills of people under the PM Vishwakarma Yojana. According to the company, these tools will be delivered in the next two years. The size of this order of Rs 298 crore for the company can be gauged from the fact that the company’s revenue in the last financial year was Rs 194 crore.

How was the performance of the stock

The stock included in ESM Stage 2 under PCA closed at 242 on Friday with a gain of 2 percent. A year ago the stock was below 140 level. The stock has seen a rise since June 2024 and the stock rose from 130 level to cross 250 level during this period.