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Home STOCKS Raymond Q4 results: Posts Rs 69.10 crore net loss

Raymond Q4 results: Posts Rs 69.10 crore net loss

New Delhi: Raymond Ltd on Monday noted a consolidated web loss of Rs 69.10 crore for the fourth quarter ended March 2020, impacted by the coronavirus-induced lockdown.
The organization experienced posted a net profit of Rs 67.70 crore in the course of January-March quarter of the past fiscal, Raymond mentioned in a regulatory filing.
Revenue from functions fell 29.30 for every cent to Rs 1,278.65 crore in the course of the quarter below evaluate as versus Rs 1,808.71 crore in the corresponding interval of the past fiscal.
“The Government of India had declared a lockdown on March 24, 2020 which experienced impacted the standard organization operations of the group, its associates and joint ventures,” the organization explained.
Raymond’s overall expenses declined 17.21 for every cent to Rs 1,442.80 crore in Q4 of 2019-20 as from Rs 1,742.79 crore a 12 months back.
Revenue from textile segment fell 28.48 per cent to Rs 581.90 crore as from Rs 813.71 crore in the corresponding quarter a yr back.
Though revenue from shirting was down 23.80 for each cent to Rs 118.69 crore, revenue from clothing segment fell 40.85 for every cent to Rs 289.27 crore in the quarter under evaluate.
Revenue from garmenting declined 14.37 for each cent to Rs 181.21 crore, while that from equipment and components dipped 22.62 for every cent to Rs 78.72 crore in the quarter ended March.
Revenue from automobile components was down 30.81 per cent to Rs 47.21 crore as towards Rs 68.24 crore a yr in the past.
For fiscal year 2019-20, Raymond’s net profit rose 15.44 per cent to Rs 201.76 crore as in comparison with Rs 174.77 crore in 2018-19.
Revenue from functions declined 1.51 for every cent to Rs 6,482.37 crore in 2019-20 as in opposition to Rs 6,582.28 crore in 2018-19.
Shares of Raymond Ltd on Monday closed 2.03 for every cent lessen at Rs 287.15 on the BSE.

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