Raymond Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 04:25 am EST
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Raymond Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 22,534 million compared to INR 21,682.4 million a year ago. Revenue was INR 23,206.6 million compared to INR 21,908.5 million a year ago. Net income was INR 1,597.8 million compared to INR 1,588.6 million a year ago. Basic earnings per share from continuing operations was INR 24.01 compared to INR 23.86 a year ago. Diluted earnings per share from continuing operations was INR 24.01 compared to INR 23.86 a year ago.
For the six months, sales was INR 40,248.6 million compared to INR 38,963.8 million a year ago. Revenue was INR 41,471.4 million compared to INR 39,452.5 million a year ago. Net income was INR 12,250.5 million compared to INR 2,397.5 million a year ago. Basic earnings per share from continuing operations was INR 184.04 compared to INR 36.01 a year ago. Diluted earnings per share from continuing operations was INR 184.04 compared to INR 36.01 a year ago.
Raymond Limited is an India-based integrated suiting manufacturer that offers end-to-end solutions for fabrics and garmenting. The Company operates through eight segments: Textile, which includes branded fabric; Shirting, which includes shirting fabric; Apparel, which includes branded readymade garments; Garmenting, which includes garment manufacturing; Tools and Hardware, which is engaged in the business of manufacturing, sale and distribution of precision engineered components for tools and hardware, such as steel files and drills, and marketing, sale and distribution of hand tools, power tool accessories and power tool machines; Auto Components; Real Estate and Development of Property; and Others, which includes non-scheduled airline operations. Its various brands include Raymond, Park Avenue, ColorPlus, Raymond Ready to Wear, Parx, Ethnix, Raymond Home and Raymond Made to Measure, among others. Its subsidiaries include Raymond Apparel Limited, and R&A Logistics Inc., among others.