Google News
spot_img
spot_img

Raymond reports two-fold rise in PAT at Rs 60 crore

Must Read

Textile and apparel major Raymond Ltd has reported over two-fold rise in its consolidated profit after tax (PAT) at Rs 60 crore for the second quarter ended September 30.
The company had posted PAT of Rs 25 crore during the same period of the previous fiscal.
Consolidated net revenue of the company grew to Rs 1,616 crore for the second quarter, as against Rs 1,584 crore during the same period of the previous financial year, Raymond Ltd said in a statement.
“This performance is noteworthy as the GST implementation to the last mile impacted the market in the short term,” Chairman and Managing Director, Raymond Ltd, Gautam Hari Singhania said.
However, the GST will see the inclusion of largely unorganised textile and apparel sectors into the formal economy, he added.

Latest News

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.