Results: Raymond Q4 net profit at Rs 58 crore
Results: Raymond Q4 net profit down 15.5% to Rs 58 crore
Raymond Ltd on Thursday reported a consolidated net profit of Rs 58.36 crore for the fourth quarter ended March 2021.
The company had posted a net loss of Rs 69.10 crore during the January-March period of the previous fiscal, Raymond said in a regulatory filing.
However, its total income was up 9.03 per cent to Rs 1,407.45 crore as against Rs 1,290.87 crore in the corresponding period of the previous fiscal.
Raymond Chairman and Managing Director Gautam Hari Singhania said, "The quarter witnessed topline growth mainly driven by Branded Textile along with strong momentum maintained in Engineering and Real Estate businesses and overall higher profit margins, led by focused efforts on reducing operational costs." Raymond's total expenses were at Rs 1,342.31 crore, down 6.96 per cent from Rs 1,442.80 crore in Q4 FY 2019-20.