Browsing: Gautam Hari Singhania

The share price of Raymond surged over 5% on May 7, 2021; a day after the company’s fourth quarter results for FY21 was released. It announced net profits worth Rs 560 million and net sales of Rs 13.66 billion for Q4FY21.

Raymond announced its unaudited financial results for the quarter ended September 30, 2020. Progressive recovery witnessed on a month-on-month basis in 2QFY21.

Raymond said it will demerge its core lifestyle business into a separate listed entity to simplify the group structure and create investor opportunities.

Textile and apparel major Raymond Ltd reported over two-fold rise in its consolidated profit after tax (PAT) at Rs 60 crore for the second quarter ended September 30.