Raymond reports 57% fall in Q2 net profit

20 Oct 2012

Raymond has reported results for second quarter ended September 30, 2012.

On standalone basis, the company has posted a fall of 56.93% in its net profit at Rs 15.60 crore for the quarter ended September 30, 2012 as compared to Rs 36.22 crore for the same quarter in the previous year. However, total income has increased by 10.42% to Rs 553.88 crore for quarter under review as compared to Rs 501.06 crore for the quarter ended September 30, 2011.

Raymond is largest manufacturer of steel files in the world accounting 30% of market share. The company’s textile plants are located in Thane, Vapi and Chhindwara. These plants have received various certifications such as ISO 9001 for quality management systems and ISO 14001 Environment Control Systems.

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