Raymond Q1 Financial Results

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Mumbai: Raymond has announced its financial results for the first quarter ended on June 30, 2018. The textile manufacturing company’s consolidated net profit reached Rs 1.92 crore as compared to a net loss of Rs 5.87 crore in the corresponding period a year ago. The revenue during the reporting quarter for the textile company augmented 4.5 per cent to Rs 1,251 crore as compared to Rs 1,197 crore in the same quarter last year. The textile company’s total expenses increased by 3.31 per cent to Rs 1,281 crore from Rs 1,240 crore in the corresponding period last year.Mumbai: Raymond has announced its financial results for the first quarter ended on June 30, 2018. The textile manufacturing company’s consolidated net profit reached Rs 1.92 crore as compared to a net loss of Rs 5.87 crore in the corresponding period a year ago. The revenue during the reporting quarter for the textile company augmented 4.5 per cent to Rs 1,251 crore as compared to Rs 1,197 crore in the same quarter last year. The textile company’s total expenses increased by 3.31 per cent to Rs 1,281 crore from Rs 1,240 crore in the corresponding period last year.

Furthermore, Raymond reported 79.2 per cent increase year-on-year (Y-o-Y) basis in its consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) to Rs 68.8 crore in the quarter under review. Raymond operated a total of 1,236 stores across all formats, including 52 stores in the Middle East and SAARC region.