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Raymond Q3 profit up 30% to Rs 40 crore

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Diversified Raymond Group Wednesday reported an increase of 30 per cent in consolidated net profit at Rs 39.95 crore for third quarter ended December 2018.The company had posted a net profit of Rs 30.71 crore in October-December period a year ago, Raymond said in a BSE filing.

Total income during reported period stood at Rs 1,705.68 crore, registering an increase of 12.69 per cent from December quarter of 2017-18.

Raymond's total expenses were at Rs 1,639.03 crore as against Rs 1,471.38 crore in year-ago period.

Revenue from textile segment stood at Rs 847.73 crore, up 10.32 per cent from Rs 768.38 crore earlier.

Revenue from shirting was at 159.25 crore as against Rs 149.34 crore in October-December 2017-18.

While apparel segment was up 19.62 per cent to Rs 396.94 crore, garmenting saw a revenue of Rs 184.66 crore, a rise of 13.65 per cent from year-ago period.

The company's tools hardware segment reported a revenue of Rs 99.94 crore in reported quarter.

Auto Components' revenue was at Rs 64.04 crore.

Shares of Raymond were trading at Rs 820.45 per scrip on BSE, up 0.90 per cent from previous close.




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