Raymond gains despite reporting 63% fall in Q2 consolidated net profit
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Raymond is currently trading at Rs. 1710.70, up by 24.45 points or 1.45% from its previous closing of Rs. 1686.25 on the BSE.
The scrip opened at Rs. 1711.65 and has touched a high and low of Rs. 1762.30 and Rs. 1700.00 respectively. So far 19788 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3493.00 on 08-Jul-2024 and a 52 week low of Rs. 1487.00 on 01-Dec-2023.
Last one week high and low of the scrip stood at Rs. 1762.30 and Rs. 1536.85 respectively. The current market cap of the company is Rs. 11390.77 crore.
The promoters holding in the company stood at 48.87%, while Institutions and Non-Institutions held 22.98% and 28.12% respectively.
Raymond has reported 47.86% fall in its net profit at Rs 66.18 crore for second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 126.93 crore for the same quarter in the previous year. However, total income of the company increased by 44.51% at Rs 417.10 crore for Q2FY25 as compared to Rs 288.64 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 63.38% fall in net profit at Rs 59.01 crore for Q2FY25 as compared to Rs 161.16 crore for the same quarter in the previous year. However, total income of the company increased by 114.83% at Rs 1,100.70 crore for Q2FY25 as compared to Rs 512.35 crore for the corresponding quarter previous year.
