Relaxo Footwears Limited announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported profit from operations before other income, finance costs and exceptional items of INR 209.50 million compared to INR 135.05 million reported a year ago. Net profit was INR 105.79 million or INR 1.76 per basic and diluted share before and after extraordinary items compared to net profit of INR 59.74 million or INR 0.99 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 2,592.32 million compared to INR 2,230.28 million reported a year ago. Profit from ordinary activities before tax was INR 154.04 million against INR 88.03 million a year ago. EBIDTA was INR 295.0 million, up 49% from last year.

For the nine months, the company reported profit from operations before other income, finance costs and exceptional items of INR 786.53 million compared to INR 575.85 million reported a year ago. Net profit was INR 438.11 million or INR 7.30 per basic and diluted share before and after extraordinary items compared to net profit of INR 313.2 million or INR 5.22 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 8,349.53 million compared to INR 7,135.75 million reported a year ago. Profit from ordinary activities before tax was INR 646.75 million against INR 458.94 million a year ago.