Lehar Footwears Limited reported a 4 percent increase in net profit to Rs 2.4 crore ($2,85,882) for the April-June quarter, as against Rs 2.3 crore in the year-ago period.
The company’s revenue for the quarter was down by 2 percent to Rs 63 crore, as against Rs 65 crore in the corresponding quarter of the previous fiscal year.
Commenting on the results, Raj Kumar Agarwal, chairman managing director of Lehar Footwears Ltd in a statement said, “Lehar Footwear began its FY25 journey on a positive note by delivering healthy performance during the first quarter of the year. This performance was largely supported by the company’s fast growing export business.”
“The growth in our export business was offset by short term challenges in the government and domestic business on account of and instable consumption environment and the state and central elections. We anticipate a demand uptick in the domestic market post-monsoon, which, along with our export business, will drive the company’s future growth,” he added.
Founded in 1995, Lehar Footwears is a regional mass-footwear manufacturer with a production capacity of 2 crore pairs per year. The company also exports footwear to Asian, African and Middle East nations.
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