New Delhi: on Friday reported a consolidated web revenue of Rs 81.93 crore for the primary quarter ended June helped by a rise in gross sales. The corporate had posted a web lack of Rs 157.10 crore in the course of the April-June quarter of the earlier fiscal, mentioned in a regulatory submitting.

Its income from operations was at Rs 1,728.14 crore, up two-fold, as compared with a decrease base of the pandemic-impacted corresponding quarter.

Within the year-ago interval, Raymond’s income from operations was at Rs 825.70 crore.

“Q1FY23 has been one more robust quarter with highest Q1 income and profitability in final 10 years,” mentioned an incomes assertion from Raymond.

In the course of the quarter, it capitalised on market buoyancy and robust marriage ceremony demand, supported by expansive distribution helped propel gross sales.

“B2C companies proceed to develop with sustained sentiments and robust consumption throughout markets. Clothes enterprise demonstrated resilience with a robust order ebook. The sustained demand from dwelling patrons contributed to our actual property enterprise with numerous product choices,” it mentioned.

Raymond’s whole bills have been up 68.59 per cent at Rs 1,637.19 crore within the first quarter of FY23, as in opposition to Rs 971.06 crore.

Chairman & Managing Director Gautam Hari Singhania mentioned: “The rising demand in each – home and worldwide markets together with new buyer acquisitions in worldwide markets has been rewarding for the quarter. Moreover, our actual property mission is progressing effectively with gross sales velocity and building tempo of each the tasks at Thane. This helps us to ship robust efficiency for our actual property enterprise.”

Within the April-June interval, Raymond’s income from textile was at Rs 648.18 crore and Rs 169.51 crore from the ‘shirting’ section.

Its income from the attire section was at Rs 262.44 crore and Rs 247.13 crore from garmenting section.

Income from instruments & {hardware} was at Rs 123.87 crore and Rs 85.57 crore from the auto elements.

Its actual property and improvement of property section was over two-fold to Rs 286.46 crore as in opposition to Rs 130.04 crore within the June quarter of FY22.

Shares of Raymond Ltd on Friday settled 0.46 per cent up at Rs 970.05 apiece on BSE.



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