Raymond shines on reporting around 3-fold jump in Q2 consolidated net profit

Raymond is currently trading at Rs. 1293.05, up by 35.20 points or 2.80% from its previous closing of Rs. 1257.85 on the BSE.

raymond slips on reporting consolidated net loss of rs 12 crore in q1
Raymond

The scrip opened at Rs. 1322.00 and has touched a high and low of Rs. 1328.75 and Rs. 1269.90 respectively. So far 26231 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1,328.75 on 04-Nov-2022 and a 52 week low of Rs. 493.00 on 12-Nov-2021.

Last one week high and low of the scrip stood at Rs. 1328.75 and Rs. 1154.45 respectively. The current market cap of the company is Rs. 8373.98 crore.

The promoters holding in the company stood at 49.15%, while Institutions and Non-Institutions held 20.09% and 30.76% respectively.

Raymond has reported over 5-fold jump in its net profit at Rs 112.38 crore for Q2FY23 as compared to Rs 21.22 crore for the corresponding quarter previous year. Total income of the company increased by 49.19% to Rs 1,546.56 crore for the quarter under review as compared to Rs 1,036.62 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported around 3-fold jump in its net profit at Rs 161.95 crore for Q2FY23 as compared to Rs 56.15 crore for the same quarter in the previous year. Total income of the company increased by 38.38% to Rs 2,190.85 crore for the quarter under review as compared to Rs 1,583.26 crore for the same quarter in the previous year.