Raymond reports Q3 consolidated net profit at Rs 31.26 crore

Raymond has announced the results for the quarter ended December 31, 2011.

The company has posted a net profit of Rs 31.26 crore for the quarter ended December 2011 against net loss of Rs 115.79 crore in the corresponding year-ago period. Its total income has increased by 15.15% to Rs 514.98 crore for the quarter under review from Rs 447.24 crore for the similar quarter of the previous year.

On consolidated basis, the group has posted a net profit of Rs 60.89 crore for the quarter ended December 2011, against net loss of Rs 74.15 crore in the corresponding year-ago period. Net sales has increased by 11.72% to Rs 952.08 crore for the quarter under review from Rs 852.23 crore for the similar quarter of the previous year.