Raymond jumps as co doubles net profits in March quarter
Raymonds had reported net profit of Rs 21.47 cr in the same period, last year. Its consolidated net sales during the quarter under review increased by 7.93%.
By Chiranjivi Chakraborty, ET Online | Updated:
NEW DELHI: Shares of Raymond ended higher by 5.07 per cent in Wednesday's trade on stellar March quarter numbers. The company reported doubling of its profit to Rs 56 crore on account revenue growth and profitability from the lifestyle business.
The company had reported net profit of Rs 21.47 crore in the same period a year ago. Reacting to the earnings, the scrip gained 9.63 per cent to hit a high of Rs 437 on the BSE.
Raymond's total consolidated net sales during the quarter under review increased by 7.93 per cent to Rs 1,511.35 crore against Rs 1,400.29 crore reported for the same period of last financial year, Raymond said in a filing to BSE.
The company had reported net profit of Rs 21.47 crore in the same period a year ago. Reacting to the earnings, the scrip gained 9.63 per cent to hit a high of Rs 437 on the BSE.
Raymond's total consolidated net sales during the quarter under review increased by 7.93 per cent to Rs 1,511.35 crore against Rs 1,400.29 crore reported for the same period of last financial year, Raymond said in a filing to BSE.
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