Raymond’s Q3 net tumbles by 87%

22 Jan 2013

Raymond has reported results for third quarter ended December 31, 2012.

The company has registered a fall of 86.50% in its net profit at Rs 4.22 crore in Q3FY13 as compared to Rs 31.26 crore in the corresponding quarter previous year. However, the total income from operation of the company has increased by 7.80% to Rs 557.03 crore for the quarter under review as compared to Rs 516.74 crore in the same quarter last year.

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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