Khadim India Limited — Important, 11-02-2025: Financial Result Updates

Khadim India Limited reported consolidated results for the quarter and nine months ended December 31, 2024.

Total income for the quarter stood at ₹1,646.05 crore, reflecting a slight increase compared to ₹1,624.21 crore in the previous quarter, indicating positive trends likely driven by sustained demand in the footwear market amid expanding retail operations. Year-on-year, this is an increase from ₹1,579.80 crore.

Profit for the quarter was ₹41.85 crore, showing a decrease from ₹52.65 crore in the corresponding quarter last year. Earnings Per Share (EPS) for the quarter was ₹2.29, slightly down from ₹2.93 a year ago. The reduction in profit can be attributed to increased operational costs, including higher employee benefits and finance costs.

Total expenses increased to ₹1,630.23 crore from ₹1,592.42 crore in the prior quarter, marking a 2.38% rise. Notably, the cost of materials consumed and employee benefit expenses contributed significantly to this increase, indicating challenges in cost management that might require strategic review.

On the balance sheet front, Khadim reported a healthy capital structure with equity share capital of ₹183.78 crore and reserves of ₹2,214.73 crore, providing a solid foundation for future growth initiatives.

The overall outlook appears cautiously optimistic as the company navigates operational hurdles while capitalizing on market opportunities. Given the recent performance, a hold position is suggested as the firm continues to adapt and grow in the competitive footwear sector.