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Raymond reports consolidated net loss of Rs 14.69 crore in Q3

27 Jan 2017 Evaluate

Raymond has reported results for third quarter ended December 31, 2016. 

The company has posted a net loss of Rs 2.93 crore for the quarter under review as compared to a net profit of Rs 34.78 crore for the same quarter in the previous year. Total income of the company decreased by 9.03% at Rs 733.13 crore for the quarter under review as compared to Rs 805.94 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 14.69 crore for the quarter ended December 31, 2016, as compared to a net profit of 39.08 crore for the same quarter in the previous year. Total income of the company decreased by 5.22% to Rs 1330.71 crore for quarter under review from Rs 1403.94 crore for the quarter ended December 31, 2015.

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