Raymond has reported results for fourth quarter and year ended March 31, 2021.
The company has reported 2- fold jump in its net profit at Rs 59.35 crore for the quarter under review as compared to net profit of Rs 20.60 crore for the same quarter in the previous year. Total income of the company increased by 23.40% at Rs 819.77 crore for Q4FY21 as compared Rs 664.32 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit attributed to the owners at Rs 56.45 crore for the quarter under review as compared to net loss of Rs 68.25 crore for the same quarter in the previous year. Total income of the company increased by 9.03% at Rs 1407.45 crore for Q4FY21 as compared Rs 1290.87 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported net loss at Rs 118.49 crore as compared to net profit at Rs 94.31 crore for the previous year. Total income of the company decreased by 42.94% at Rs 1891.48 crore for year under review as compared to Rs 3314.64 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss attributed to the owners at Rs 297.04 crore as compared to net profit at Rs 196.13 crore for the previous year. Total income of the company decreased by 44.55% at Rs 3647.83 crore for year under review as compared to Rs 6578.30 crore for year ended March 31, 2020.
