Diversified Raymond Group reported a surge of 30% in consolidated net profit at Rs 40 crore for the third quarter ended December 2018.
The company had posted a net profit of Rs 30.7 crore in the October-December period a year ago, the company said in a BSE filing.
Total income during the reported period stood at Rs 1,705.7 crore, recording a rise of 12.7% from the December quarter of 2017-18.
Commenting on the results, Gautam Hari Singhania, Chairman & Managing Director, Raymond, said: “We are delighted to report the continued strong revenue growth across all our businesses backed by a robust profitability despite challenging global business environment. As we move into the last quarter of the current fiscal, we expect to end the year on a strong and a positive note with the extended wedding season.”
Raymond’s total expenses were at Rs 1,639 crore, against Rs 1,471.4 crore in the year-ago period.
Revenue from the textile segment stood at Rs 847.7 crore, a surge of 10.3% from Rs 768.4 crore earlier.
Revenue from shirting was at 159.3 crore, compared to Rs 149.3 crore in the October-December quarter.
While the apparel segment was up 19.62% to Rs 396.94 crore, garmenting saw a revenue of Rs 184.7 crore, a rise of 13.7% from the year-ago period.
