Liberty Shoes Q1 PAT drops 79% YoY; director changes and promoter reclassification
LIBERTSHOE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 3.9 pts less than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Liberty Shoes Q1 FY27 revenue fell to Rs 169.86 crore from Rs 172.79 crore YoY. PAT plunged to Rs 68.37 lakh from Rs 3.33 crore YoY, a nearly 79% drop. Board approved Shammi Bansal's resignation as Executive Director; Raman Bansal appointed as new Executive Director for 3 years. Two Independent Directors re-appointed for second term. Board sent promoter reclassification requests of Arpan Gupta and Arpan Gupta HUF to stock exchanges with observations on control issues.
Sharp Q1 profit drop signals margin pressure. Leadership change at Executive Director level and pending promoter reclassification add governance overhang.