Raymond posts Q1 net loss of Rs 24 cr

Raymond Ltd, the largest integrated manufacturer of worsted fabric in the world, has posted a net loss of Rs 24.88 crore in the first quarter of the current financial year as compared to the loss of Rs 31.60 crore in the corresponding quarter of the previous year.

Total income of the company, however, reported a marginal increase to Rs 244.26 crore as compared to Rs 239.94 crore in the same period of the previous year.