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Raymond reports consolidated net loss of Rs 12 crore in Q1

02 Aug 2019 Evaluate

Raymond has reported results for first quarter ended June 30, 2019.

The company has reported net loss of Rs 22.23 crore for the quarter under review as compared to net loss of Rs 13.28 crore for the same quarter in the previous year. However, total income of the company increased by 11.42% at Rs 730.01 crore for Q1FY20 as compared Rs 655.20 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss of Rs 12.20 crore for the quarter under review against net profit of Rs 1.92 crore for the same quarter in the previous year. However, total income of the company increased by 14.02% at Rs 1,469.94 crore for Q1FY20 as compared Rs 1,289.16 crore for the corresponding quarter previous year.

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