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Raymond reports 5-fold jump Q3 consolidated net profit

23 Jan 2020 Evaluate

Raymond has reported results for third quarter ended December 31, 2019.

The company has reported 24.54% rise in its net profit at Rs 33.09 crore for the quarter under review as compared to Rs 26.57 crore for the same quarter in the previous year. Total income of the company increased by 4.59% at Rs 961.96 crore for Q3FY20 as compared Rs 919.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 5-fold jump in its net profit attributed to the owners at Rs 195.28 crore for the quarter under review as compared to Rs 37.56 crore for the same quarter in the previous year. Total income of the company increased by 11.67% at Rs 1904.72 crore for Q3FY20 as compared Rs 1705.68 crore for the corresponding quarter previous year.

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