Raymond reports 89% fall in Q3 consolidated net profit

10 Feb 2021

Raymond has reported results for third quarter ended December 31, 2020.

The company has reported a fall of 76.04% in its net profit at Rs 7.93 crore for the quarter under review as compared to net profit at Rs 33.09 crore for the same quarter in the previous year. Total income of the company decreased by 25.94% at Rs 712.40 crore for Q3FY21 as compared Rs 961.96 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 88.89% in its net profit attributable to owners at Rs 21.69 crore for the quarter under review as compared to net profit at Rs 195.28 crore for the same quarter in the previous year. Total income of the company decreased by 32.46% at Rs 1286.46 crore for Q3FY21 as compared Rs 1904.72 crore for the corresponding quarter previous year.

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