Raymond reports 86% fall in Q2 consolidated net profit

29 Oct 2015

Raymond has reported results for second quarter ended September 30, 2015.

The company has reported 64.31% fall in its net profit after tax at Rs 16.58 crore for the quarter ended September 30, 2015 as compared to Rs 46.46 crore for the same quarter in the previous year. However, the company’s total income has increased by 2.01% to Rs 746.40 crore for the quarter under review from Rs 731.66 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 86.14% fall in its net profit at Rs 9.44 crore for the quarter ended September 30, 2015 as compared to Rs 68.12 crore for the same quarter in the previous year. However, the total income of the company has increased by 2.46% at Rs 1507.68 crore for quarter under review as compared to Rs 1471.50 crore for the quarter ended September 30, 2014.   

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