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Raymond reports 26% fall in Q2 consolidated net profit

30 Oct 2014 Evaluate

Raymond has reported results for second quarter ended September 30, 2014.

The company has registered 23.42% fall in its net profit at Rs 46.46 crore for the quarter under review as compared to Rs 60.67 crore for the same quarter in the previous year. However, total income of the company has increased 17.37% at Rs 731.66 crore for Q2FY15 as compared Rs 623.38 crore for the corresponding quarter previous year.

On consolidated basis, the company’s net profit for the quarter under review declined 26.18% at Rs 68.12 crore against Rs 92.28 crore in the September quarter of previous fiscal. However, the company’s total income has increased by 18.51% at Rs 1471.50 crore for the quarter from Rs 1241.66 crore in the similar quarter of previous year.

 

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