Raymond Q1 net dips 38.27%
Apparel manufacturer Raymond Ltd on Thursday reported a 38.27 per cent decline in net profit at Rs 11.61 crore for the quarter ended June 30, as compared to Rs 18.81 crore for the corresponding quarter in FY 05-06.
By PTI |
MUMBAI: Apparel manufacturer Raymond Ltd on Thursday reported a 38.27 per cent decline in net profit at Rs 11.61 crore for the quarter ended June 30, as compared to Rs 18.81 crore for the corresponding quarter in FY 05-06.
However, total income (net of excise) rose 14.01 per cent to Rs 298.47 crore for the first quarter in 2006-07 from Rs 260.78 crore in Q1 FY 05-06, the company informed the Bombay Stock Exchange.
"The capacity addition in the textile business and the partnerships forged with leading internatignal players will contribute significantly to the company's business in the coming years," the company's Chairman and Managing Director Gautam Hari Singhania said.
Shares of the company, the country's leading producer of worsted suiting fabric, were down 1.93 per cent, trading at Rs 379 on the BSE on Thursday.
However, total income (net of excise) rose 14.01 per cent to Rs 298.47 crore for the first quarter in 2006-07 from Rs 260.78 crore in Q1 FY 05-06, the company informed the Bombay Stock Exchange.
"The capacity addition in the textile business and the partnerships forged with leading internatignal players will contribute significantly to the company's business in the coming years," the company's Chairman and Managing Director Gautam Hari Singhania said.
Shares of the company, the country's leading producer of worsted suiting fabric, were down 1.93 per cent, trading at Rs 379 on the BSE on Thursday.
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