Khadim India Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
February 06, 2020 at 06:51 am EST
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Khadim India Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 1,762.06 million compared to INR 1,783 million a year ago. Net loss was INR 131.98 million compared to net income of INR 39.69 million a year ago. Basic loss per share was INR 7.34 compared to basic earnings per share of INR 2.21 a year ago. Diluted loss per share was INR 7.34 compared to diluted earnings per share of INR 2.2 a year ago. For the nine months, total revenue was INR 6,187.8 million compared to INR 5,979.81 million a year ago. Net loss was INR 113.92 million compared to net income of INR 199.66 million a year ago. Basic loss per share was INR 6.34 compared to basic earnings per share of INR 11.11 a year ago. Diluted loss per share was INR 6.34 compared to diluted earnings per share of INR 11.09 a year ago.
Khadim India Limited is an India-based branded footwear company. The Company's business segment is footwear and accessories. The Company operates through two business verticals, such as retail and distribution, each with own customer base, sales channels and product range. Its retail products are relatively more premium than those sold in its distribution business and are sold through its network of retail stores, including company owned outlets and franchisees. Its retail products include leather/non-leather sandals, slippers, boots, ballerinas, stilettos, moccasins, sports shoes and accessories, such as socks, shoe polishes, brushes, leather belts, wallets and laptop bags, among others. Under its distribution business, the Company manufactures and supplies footwear to distributors, who, in turn, supply them to multi-brand outlets (MBOs) across India. Its brands include khadim, Pro, Sharon, Bonito, Lazard, Softouch, Cleo, British Walkers, Turk, Fliers, Kalypso, FitNxt and Dunford.
KHADIM INDIA LIMITED 
