Raymond reports five-fold jump in Q2 consolidated net profit

27 Oct 2016 Evaluate

Raymond has reported results for second quarter ended September 30, 2016.

The company has reported 32.84% fall in its net profit at Rs 10.53 crore for the quarter under review as compared to Rs 15.68 crore for the same quarter in the previous year. However, total income of the company increased by 11.80% at Rs 840.44 crore for the quarter under review as compared Rs 751.74 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has around five-fold jump in its net profit after taxes, Minority Interest & Share of Profit / (Loss) of Associates at Rs 26.59 crore for the quarter ended September 30, 2016 as compared to Rs 5.69 crore for the same quarter in the previous year. The total income of the company increased by 12.49% at Rs 1583.92 crore for quarter under review as compared to Rs 1408.01 crore for the quarter ended September 30, 2015.

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1670.65 -30.00 (-1.76%)
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