Diversified group Raymond Ltd on Thursday reported over a two-fold jump in its consolidated net profit to Rs 161.95 crore for the second quarter ended September 30 on improved growth across its business segments.
The company had posted a net profit of Rs 56.15 crore during the July-September quarter of the previous fiscal, Raymond said in a regulatory filing.
Its revenue from operations rose 39.76 per cent to Rs 2,168.24 crore from Rs 1,551.32 crore in the corresponding quarter previous fiscal.
"Raymond continues to deliver high operating performance along with profitable growth for the 4th consecutive quarter, leveraging optimism in the market and improved consumer demand.
"Focused approach has driven growth over pre-Covid levels and cost consciousness has led to deliver yet another record profitable quarter," said an earning statement by the company.
Raymond's total expenses surged 31.27 per cent to Rs 1,954.18 crore in the second quarter of FY23 against Rs 1,488.64 crore a year
