Liberty Shoes gets comfortable

Liberty Shoes is attracting a lot of attention today. The stock price gained over 4.5% to rise to Rs.216.55 though volumes remained muted.

The stock price has spurted after the company announced a spectacular 110% (YoY) jump in net profit for Q1FY19 at Rs.2.26 crore. This was on a 14% rise in total sales at Rs.146 crore. Its domestic sales improved 15% while exports showed a 11% decline.

Its EBITDA for the quarter rose 17% at Rs.10.30 crore and margins jumped up marginally from 7% to 7.2%.