Home Market Raymond Q1 profit at Rs 1.92 crore

Raymond Q1 profit at Rs 1.92 crore

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New Delhi: Diversified Raymond Group today reported a consolidated net profit of Rs 1.92 crore for the first quarter ended June 30.

The company had posted a net loss of Rs 5.87 crore in April-June period a year ago, Raymond said in a BSE filing.

Total income was up 3.97 per cent at Rs 1,289.16 crore as against Rs 1,239.85 crore in the year-ago period.

"Our positive results and the profitable growth for June quarter are a deposition towards our strong focus on execution and financial prudence," Chairman & Managing Director Gautam Hari Singhania said.

Raymond's total expenses were at Rs 1,281.01 crore, up 3.31 per cent from Rs 1,239.86 crore in the year-ago period.

Shares of Raymond today settled at Rs 838.30 per scrip on BSE, down 1.50 per cent from the previous close.

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