Raymond has reported results for the fourth quarter and year ended March 31, 2016.
The company has posted a fall of 13.21% in its net profit at Rs 36.12 crore for the quarter ended March 31, 2016 as compared to Rs 41.62 crore for the same quarter in the previous year. However, total income of the company has increased by 2.87% at Rs 790.35 crore for quarter under review as compared to Rs 768.29 crore for the quarter ended March 31, 2015.
On consolidated basis, the company has posted over two fold jump in its net profit at Rs 56.22 crore for the quarter ended March 31, 2016 as compared to Rs 21.47 crore for the corresponding quarter in the FY15. Total income of the company increased by 7.07% at Rs 1541.44 crore for quarter under review as compared to Rs 1439.62 crore for the same quarter ended previous year.
For the year ended March 31, 2016, the company has posted a fall of 17.90% in its net profit at Rs 82.09 crore as compared to Rs 99.99 crore for the same period in the previous year. However, total income of company increased 5.01% at Rs 2910.56 crore for year under review as compared to Rs 2771.59 crore for the period ended March 31, 2015.
For the year ended March 31, 2016, on the consolidated basis, the company has posted fall of 18.40% in its net profit at Rs 92.05 crore as compared to Rs 112.81 crore for the same period in the previous year. However, total income of company has increased by 5.04% at Rs 5701.6 crore for year under review as compared to Rs 5427.79 crore for the period ended March 31, 2015.
