Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
31 May, 2015 01:58 IST
Raymond Q2 profit drops 38% as margins shrink
Source: IRIS | 20 Oct, 2012, 12.21PM
Comments  |  Post Comment

Raymond, one of the largest integrated manufacturer of worsted fabric, has posted a drop of 37.92% in net profit of Rs 502.6 million for the quarter ended September 30, 2012 as compared to Rs 809.6 million for the quarter ended September 30, 2011. 

The company's profit was majorly impacted due to steep drop in the EBITDA margins, which fell 4 percentage points to 15%.

Net sales has incresed by 13.58% to Rs 11.14 billion for the quarter ended Sept. 30, 2012 from Rs 9.80 billion in the year ago period.

Gautam Hari Singhania, chairman and managing director, Raymond, said, ''Despite challenging business environment, Raymond has reported double digit growth rates during the quarter on the strength of its brands, network and customer relationships. Though consumer sentiment continues to remain subdued largely due to high interest rates and inflation, we are confident about the long term and will continue to invest in brand building,  retail and in improving operational efficiencies.''

Shares of the company declined Rs 4.8, or 1.25%, to trade at Rs 378.20. The total volume of shares traded was 61,593 at the BSE (Friday).



Raymond Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Reliance Capital Q4 earnings surge 52% - 29-May-2015 18:43
Jet Airways loss narrows in Jan-Mar quarter - 29-May-2015 18:38
Unitech loss widens in Jan-Mar quarter - 29-May-2015 18:25
Cipla Q4 earnings decline 0.4% - 29-May-2015 18:18
Crompton Greaves turns to loss in Jan-Mar quarter - 29-May-2015 18:03
Rural Electrification Corporation quarterly earnings decline 7.98% - 29-May-2015 18:00
Berger Paints India quarterly net climbs 4.95% - 29-May-2015 17:54
Bosch quarterly net declines 11.9% - 29-May-2015 17:51
Reliance Communications quarterly profit surges 46.15% - 29-May-2015 17:44
Sun TV Network quarterly profit up 2.74% - 29-May-2015 17:31
Tuni Textile Mills swings to loss in Jan-Mar quarter - 29-May-2015 17:28
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer