Raymond Q2 Profit Surges 130% to Rs 32 Crore; Revenue Rises 24% to Rs 655 Crore
Mumbai (Maharashtra) [India], October 27: Raymond Limited reported a sharp improvement in its financial performance for the second quarter o...
Mumbai (Maharashtra) [India], October 27: Raymond Limited reported a sharp improvement in its financial performance for the second quarter of FY27, with consolidated net profit rising 130% year-on-year to ₹32 crore, compared with ₹13.9 crore in the corresponding quarter of the previous financial year.
Revenue from operations increased 24% to ₹655.16 crore during the July–September quarter, against ₹527.69 crore in the year-ago period, reflecting growth in the company’s business operations.
The company’s operating performance also strengthened, with earnings before interest, taxes, depreciation and amortisation (EBITDA) climbing 74.4% to ₹75 crore from ₹43 crore a year earlier. EBITDA margin expanded to 11.5%, compared with 8.14% in the corresponding quarter last year, indicating improved operating profitability.
