In the fourth quarter that concluded in March 2024, Raymond Ltd. recorded an 18 per cent increase in consolidated profit after tax (PAT), coming in at Rs. 229 crore. According to a statement from Raymond Ltd, the company reported a consolidated profit after tax of Rs. 194 crore for the same quarter in the previous fiscal year.
It also stated that consolidated net revenue for the quarter under review was Rs. 2,688 crore, up 23 per cent from Rs. 2,192 crore during the same time last year. Consolidated earnings after tax for the fiscal year that ended in March 2024 was Rs. 1,638 crore, up from Rs. 529 crore the year before. According to the corporation, consolidated net sales in FY ’24 was Rs. 9,286 crore, up from Rs. 8,337 crore in FY ’23.
Chairman and Managing Director of Raymond Ltd. Gautam Hari Singhania stated that the company’s business showed steady growth in all areas of the year.
“Our lifestyle business showed strong perseverance and recorded growth despite headwinds and muted consumer demand. For our real estate business, we have maintained strong booking momentum, particularly with the launch of our first JDA project in Bandra, Mumbai,” he added.
The re-appointment of Singhania as Managing Director for a term of five years, effective 1st July 2024, has been accepted by the board, according to a regulatory filing by Raymond.
