Raymond Q4 net profit up 61 pc to Rs 54.38 cr

Diversified group Raymond today reported a 61.46 per cent increase in its consolidated net profit to Rs 54.38 crore for the fourth quarter ended March of 2017-18.

The company had posted a net profit of Rs 33.68 crore in January-March period a year ago, Raymond said in a BSE filing.

Its total income was up 9.91 per cent at Rs 1,655.12 crore during the quarter under review as against Rs 1,505.75 crore in the corresponding period of the previous fiscal.

Raymond's total expenses were at Rs 1,578.96 crore, up 8.79 per cent in the period under review as against Rs 1,451.34 crore in the year-ago period.

For the financial year 2017-18 ended on March 31, Raymond's net profit jumped over three-fold to Rs 141.55 crore as against Rs 30.02 crore in 2016-17.

Its total income was at Rs 6,024.91 crore, up 9.35 cent in 2017-18 as against Rs 5,509.26 crore in the previous fiscal.

Raymond Chairman and Managing Director Gautam Hari Singhania said: "The financial year 2017-18 has been one of the milestone years for the Raymond Group."