Shares of Raymond surged over 3% to Rs 310 after it reported an over four-fold jump in consolidated net profit at Rs 56.89 crore for the third quarter ended December 31 on the back of growth across all businesses and margin expansion in key business segment.
The company had posted a consolidated net profit of Rs 12.84 crore during the same period of previous financial year.
Total consolidated income from operations rose to Rs 1208.15 crore for the October-December period as against Rs 1053.03 crore during the same period of last financial year, Raymond said in a filing to the BSE.
Raymond Group offers end-to-end solutions for fabrics and garmenting. It has several brands, including Raymond, Park Avenue, Parx, ColorPlus, among others. Also, the company manufactures men's accessories, personal grooming products and toiletries, energy drinks, files and tools and auto components.
