Raymond’s share price was back in the red on Wednesday after the company reported its earnings for the March quarter.
What Happened: The company’s revenue from operations grew 9.8% year-over-year to ₹2,150.2 crore. The branded textile segment reported sales of ₹902 crore as against sales of ₹886 crore in the same quarter last year.
The branded apparel segment reported revenue growth of 19% with sales at ₹332 crore in the quarter ended March compared to the ₹279 crore revenue it brought in the same quarter last year. The company’s real estate segment took a hit as sales went down 10.2% YoY to ₹289 crore.
The company recorded its highest quarterly EBITDA at ₹379 crore. EBITDA margin for the review period stood at 17.3%. The company’s net profits took a hit in the March quarter going down 26% YoY to ₹194.3 crore. Earnings per share for the quarter stood at ₹29.19 crore. The textile giant also declared a ₹3/share for the year ended March.
Price Action: Raymond’s share price was down 0.59% to trade at ₹1,590 as the markets opened on Wednesday.
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