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Raymond slips after weak Q3 show


Raymond fell 1.83% to Rs 335 after the company s consolidated net profit dropped 88.9% to Rs 21.69 crore on 34.1% decline in net sales to Rs 1243.44 crore in Q3 FY21 over Q3 FY20.The company s profit before tax fell 89% to Rs 23.44 crore in Q3 FY21 over Q3 FY20. Current tax expense declined 25.4% to Rs 5.61 crore in Q3 FY21 over Q3 FY20.
Consolidated EBITDA declined 30% year-on-year to Rs 157 crore in Q3 FY21 over Q3 FY20. EBITDA margin improved to 12.2% in Q3 FY21 from 11.8% in Q3 FY20. Operating cost fell 42% Y-o-Y to Rs 334 crore due to cost rationalisation.
Commenting on the quarter performance, Gautam Hari Singhania, chairman & MD of Raymond said, With markets and channels opening up and consumer sentiments getting back to track, we are seeing demand for our products & services getting better on a quarter on quarter basis and our sustained focus on operational efficiencies has yielded in a profitable quarter. Additionally, our Engineering Businesses are back on track ....

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Dr. Hönle, EQS Group, Leifheit, LPKF Laser, Manz, Nagarro, pferdewetten.de, SNP, Vectron & wallstreet:online im Fokus

Dr. Hönle, EQS Group, Leifheit, LPKF Laser, Manz, Nagarro, pferdewetten.de, SNP, Vectron & wallstreet:online im Fokus
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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US Dollar Forecast: USD/SGD, USD/THB, USD/IDR Holding Despite Stock Volatility


US Dollar Forecast: USD/SGD, USD/THB, USD/IDR Holding Despite Stock Volatility
2021-02-02 05:30:00
Daniel Dubrovsky,
Strategist
US Dollar, Singapore Dollar, Thai Baht, Indonesian Rupiah, Indian Rupee, ASEAN, Fundamental Analysis – Talking Points
USD mostly steady, ASEAN FX held ground despite market volatility
What are the fundamental forces stabilizing the Greenback as of late?
APAC, ASEAN data: BoT, RBI and Indonesian fourth quarter GDP
US Dollar ASEAN Weekly Recap
Despite broad-based market volatility, the haven-linked US Dollar has been struggling to find much room to appreciate. This applied to its ASEAN peers despite a 3.62% weekly decline in the MSCI Emerging Markets Index (EEM) as capital flows reversed course – see below. Currencies like the Singapore Dollar, Philippine Peso and Indonesian Rupiah were flat. The Thai Baht rose, gaining 0.17% against the USD. ....

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