Raymond Ltd.'s profit stood at Rs 72.28 crore in the quarter ended December 2024, sequentially up 22% as compared to Rs 59.01 crore in the previous quarter of the current fiscal, as per the consolidated financial results declared by the company on Wednesday.
The fabric manufacturer's revenue dipped to Rs 953.90, denoting an 8.7% fall for the October-December quarter from Rs 1,044.74 crore in the second quarter of the present financial year.
The company's earnings before interest, tax, depreciation and amortisation surged by 19% to Rs 137.99 crore for the quarter under review as against Rs 116.04 crore in the last quarter of fiscal 2025.
Its margins expanded at 14.5% for the third quarter against 11.1% for the July-September quarter of the current financial year.
Raymond Q3FY25 Highlights (Consolidated, QOQ)
Revenue down 8.7% to Rs 953.90 crore versus Rs 1,044.74 crore.
Ebitda up 19% to Rs 137.99 crore versus Rs 116.04 crore.
Margin at 14.5% versus 11.1%.
Net profit up 22% to Rs 72.28 crore versus Rs 59.01 crore.
Shares of Raymond closed 2.9% higher at Rs 1,504.9 apiece on the NSE, compared to a 0.9% rise in the benchmark Nifty 50. The stock has fallen by 13.79% in the last 12 months.
Out of five analysts tracking the company, four maintain a 'buy' rating on the stock and one recommend 'hold', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 62.9%.
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