Raymond, one of the largest integrated manufacturers of worsted fabric has posted a decline of 86.14% in its consolidated net profit for the quarter ended Sept. 30, 2015. During the quarter, the company reported a net profit of Rs 94.4 million as compared to Rs 681.2 million for the corresponding quarter last year.

Total Income increased by 2.18% to Rs 14925.9 million for the quarter ended Sept. 30, 2015 from Rs. 14607.4 million in the same quarter a year ago.

EPS of the company stood at Rs 1.54 during the current quarter from Rs 11.10 in the same period last year.

Announcing the results, H Sunder, whole- time director, Raymond, said, ''The second quarter of the financial year 2015-16 witnessed subdued consumer demand with extended end of season sales period. In addition to these factor, our continued investments in brand building and retail network expansion, besides underperformance of the engineering business impacted the quarterly results.''

Shares of the company gained Rs 5.9, or 1.35%, to settle at Rs 444.15. The total volume of shares traded was 18,026 at the BSE (Wednesday).