29-05-2025
Lehar Footwears Ltd Q4 net profit surges 313 percent to Rs 5 crore
Lehar Footwears Ltd reported a 313 percent surge in net profit to Rs 5 crore ($584,675) for the fourth quarter ended March 31, as against Rs 1 crore in the year-ago quarter.
The company's revenue for the quarter rose by 188 percent to Rs 109 crore, as against Rs 38 crore in the corresponding quarter of the previous fiscal year.
For the full financial year, the company reported a net profit of Rs 11 crore on a sales revenue of Rs 277 crore.
'Footwear business witnessed sales growth of 17 percent year-on-year basis during Q4 FY25 driven by new product introduction in the premium low-cost segment. New machines commissioned to manufacture EVA footwear, which has led to the launch of these products,' Lehar said in a statement.
'Export sales grew in the mid-teen percentage range during the year, laying a solid foundation for future growth. Domestic sales showed early signs of recovery after a prolonged period of muted demand in the low and medium segment footwear range, especially from the rural segment,' it added.
During the current financial year, Lehar expects the government tender business to gain momentum and plans to enter closed footwear segment with launch of sports shoes.
