Raymond Reports Over Four Fold Jump In Net Profit, Income up 43%

Raymond Ltd reported over four-fold jump in its consolidated net profit to Rs 264.97 crore for the fourth quarter ended in March 2022.

Raymond Ltd on Monday reported over four-fold jump in its consolidated net profit to Rs 264.97 crore for the fourth quarter ended in March 2022, helped by a buoyant demand and strong consumer sentiments during the period.

The company had posted a net profit of Rs 58.36 crore during the January-March quarter of the previous fiscal, Raymond said in a regulatory filing.

Its revenue from operations was up 43.38 per cent to Rs 1,958.10 crore during the quarter under review as against Rs 1,365.66 crore in the corresponding period of the previous fiscal.

Raymond recorded the "highest-ever revenue and profitability during the quarter", the company said in an earnings statement.