Raymond has reported results for fourth quarter and year ended March 31, 2022.
The company has reported a net loss of Rs 432.41 crore for the quarter under review as compared to net profit of Rs 29.56 crore for the same quarter in the previous year. Total income of the company increased by 49.75% at Rs 1,490.54 crore for Q4FY22 as compared Rs 995.33 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported around 5-fold jump in its net profit at Rs 264.97 crore for the quarter under review as compared to Rs 58.36 crore for the same quarter in the previous year. Total income of the company increased by 44.36% at Rs 2,031.74 crore for Q4FY22 as compared Rs 1,407.45 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a net loss of Rs 395.92 crore as compared to net loss of Rs 276.53 crore for the previous year. However, total income of the company increased by 91.17% at Rs 4,513.76 crore for year under review as compared to Rs 2,361.09 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported net profit of Rs 265.12 crore as compared to net loss of Rs 303.65 crore for the previous year. Total income of the company increased by 74.02% at Rs 6,347.96 crore for year under review as compared to Rs 3,647.83 crore for year ended March 31, 2021.
