Press Release for the quarter and half year ended 30th September, 2025.
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Lehar Footwears reported strong H1FY26 results with revenue surging to ₹282.7 crore from ₹100.8 crore year-on-year, reflecting major scale-up. Profit after tax nearly quadrupled to ₹14.6 crore (from ₹3.6 crore), and PAT margin improved to 5.2% from 3.6% on better operating leverage. Returns jumped sharply — RoCE from 4.3% to 12.7% and ROE from 3.4% to 12.0% — backed by much tighter working capital (debtor days 129→60, inventory days 122→37). The company launched a new athleisure brand 'Rannr', is eyeing ₹9,800 crore of PM Vishwakarma scheme tenders, and expects a demand boost from the recent reduction in GST on footwear priced up to ₹2,500.
Sharp improvement in profits, returns, and working capital signals a meaningful financial turnaround, while the new brand launch, export expansion, GST cut, and large upcoming government tenders offer strong growth optionality for shareholders.