Raymond soars on reporting around 5-fold jump in Q4 consolidated net profit
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Raymond is currently trading at Rs. 845.50, up by 31.95 points or 3.93% from its previous closing of Rs. 813.55 on the BSE.
The scrip opened at Rs. 860.10 and has touched a high and low of Rs. 866.75 and Rs. 833.05 respectively. So far 86515 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 964.15 on 13-Apr-2022 and a 52 week low of Rs. 350.00 on 17-May-2021.
Last one week high and low of the scrip stood at Rs. 866.75 and Rs. 738.95 respectively. The current market cap of the company is Rs. 5670.75 crore.
The promoters holding in the company stood at 49.16%, while Institutions and Non-Institutions held 14.90% and 35.94% respectively.
Raymond has reported a net loss of Rs 432.41 crore for the quarter ended March 31, 2022 as compared to net profit of Rs 29.56 crore for the same quarter in the previous year. Total income of the company increased by 49.75% at Rs 1,490.54 crore for Q4FY22 as compared Rs 995.33 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported around 5-fold jump in its net profit at Rs 264.97 crore for the quarter ended March 31, 2022 as compared to Rs 58.36 crore for the same quarter in the previous year. Total income of the company increased by 44.36% at Rs 2,031.74 crore for Q4FY22 as compared Rs 1,407.45 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a net loss of Rs 395.92 crore as compared to net loss of Rs 276.53 crore for the previous year. However, total income of the company increased by 91.17% at Rs 4,513.76 crore for year under review as compared to Rs 2,361.09 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported net profit of Rs 265.12 crore as compared to net loss of Rs 303.65 crore for the previous year. Total income of the company increased by 74.02% at Rs 6,347.96 crore for year under review as compared to Rs 3,647.83 crore for year ended March 31, 2021.
