Raymond swung to a loss for the quarter ended December 2016. During the quarter, the company reported a loss of Rs 146.90 million compared with a profit of Rs 390.80 million in the same quarter last year.
Revenues for the quarter declined 5.58% to Rs 13,069.30 million, compared with Rs 13,841.60 million for the prior year period.
Operating margin for the quarter was stable at 0.00 percent when compared to previous year period. Operating profit was unchanged at Rs 0.00 million for the quarter, compared with the previous year period.
Earnings per share stood negative at Rs 2.58 compared with Rs 6.34 in same quarter last year.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Dec - 16 | Dec - 15 | %Change |
| Revenues | 13,069.30 | 13,841.60 | (5.58) |
| Net Profit | (146.90) | 390.80 | - |
| Diluted EPS | (2.58) | 6.34 | - |
Shares of the company declined Rs 3.25, or 0.63%, to trade at Rs 511.60. The total volume of shares traded was 32,980 at the BSE (11.33 a.m., Friday).
