Raymond Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 21, 2016 at 09:19 am EST
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Raymond Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company's net sales/income from operations was INR 14,825.8 million compared to INR 13,823.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 833.5 million compared to INR 1,011.8 million a year ago. Profit from ordinary activities before tax was INR 669.1 million compared to INR 638.8 million a year ago. Net profit was INR 501.1 million compared to INR 560.7 million a year ago. Basic and diluted earnings per share was INR 6.53 compared to INR 9.13 a year ago. Revenue was INR 15,080 million compared to INR 13,960 million a year ago. EBITDA was INR 1,480 million compared to INR 1,560 million a year ago.
For the nine months, the company's net sales/income from operations was INR 40,833.4 million compared to INR 39,323.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,869.1 million compared to INR 2,336.1 million a year ago. Profit from ordinary activities before tax was INR 717.3 million compared to INR 1,267 million a year ago. Net profit was INR 358.3 million compared to INR 913.4 million a year ago. Basic and diluted earnings per share was INR 5.84 compared to INR 14.88 a year ago. Revenue was INR 41,600 million compared to INR 39,880 million a year ago. EBITDA was INR 3,690 million compared to INR 4,020 million 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.