Lehar Footwears Limited, a prominent player in the footwear and accessories industry, has announced its financial results for the first quarter, reporting significant growth in both revenue and profitability.

Financial Highlights

• Revenue Growth: Lehar Footwears reported a substantial increase in revenue, reaching ₹142.20 crores, up from ₹63.20 crores in the same quarter last year. This represents a remarkable year-on-year growth of approximately 125%.

• Profit Surge: The company's profit after tax more than tripled, rising to ₹7.30 crores from ₹2.40 crores in the corresponding quarter of the previous year.

• Operating Margin: The operating margin remained relatively stable at 8.90%, compared to 9.30% in the previous year.

New Manufacturing Facility

Lehar Footwears has commissioned a new sports shoes manufacturing facility in Kundli, Haryana. This marks the company's entry into the closed footwear segment, with plans for both own brand distribution and OEM supply. The facility is equipped with:

• Fully automatic injection moulding machinery for EVA footwear
• Rotary Type PU Injection Machine for PU footwear

Business Segment Performance

• Government Business: This segment showed momentum following the completion of the election cycle.

• Domestic and Export Operations: These operations remained stable amid uncertain market conditions.

• Toolkit Business: This segment maintained strong execution with an order book of approximately ₹105.00 crores as of June 30, expected to be executed in the current quarter.

Lehar Footwears Limited continues to demonstrate strong financial performance, with significant growth in both revenue and profitability. The company's expansion into the sports shoes segment and its diverse product portfolio across footwear, accessories, and toolkits have contributed to its robust performance in the quarter.

Lehar Footwears , a prominent player in the Indian footwear industry, has received a significant financial boost from the government. The company has secured approval for a capital subsidy amounting to ₹29.30 million, as per recent reports.

Government Support

The approval of this substantial capital subsidy demonstrates the government's commitment to supporting and promoting domestic industries. For Lehar Footwears, this financial assistance is expected to have positive implications for its business operations and potential expansion plans.

Potential Impact

While specific details about the utilization of the subsidy are yet to be disclosed, such financial support typically allows companies to:

• Invest in modernizing manufacturing facilities
• Expand production capacities
• Improve technological infrastructure
• Enhance overall operational efficiency

Industry Implications

This development is not just significant for Lehar Footwears but also reflects positively on the broader footwear industry in India. Government subsidies can play a crucial role in boosting the competitiveness of domestic manufacturers in the global market.

Looking Ahead

As Lehar Footwears incorporates this capital subsidy into its business strategy, stakeholders will be keen to observe how the company leverages this financial support to strengthen its market position and drive growth in the coming months.

The approval of this ₹29.30 million capital subsidy marks a positive development for Lehar Footwears, potentially setting the stage for enhanced operational capabilities and business expansion.