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Raymond Q2 Results: Company Reports 112% Increase in Net Profit and 114.8% Growth in Total Income; Know more on this

Raymond Q2 Results: Raymond Ltd's shares rose 4.48% after posting a 112% net profit increase to ₹59.01 crore, with total income soaring 114.8% to ₹1,100.70 crore in Q2 FY 2024-25.
Raymond Q2 Results: Company Reports 112% Increase in Net Profit and 114.8% Growth in Total Income; Know more on this

Raymond Q2 Results: Shares of Raymond Ltd experienced a boost on Tuesday following the release of its earnings for the July-September quarter of FY 2024-25. The stock climbed by as much as 4.48%, reaching ₹1,763 per share on the NSE, while trading at ₹1,738.3 with a 3% increase at 9:29 am. On the BSE, shares gained 2.9%, priced at ₹1,736.4.

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The company’s net profit from continuing operations surged by 112% to ₹59.01 crore in Q2, compared to ₹27.83 crore in the same quarter last year. Total income saw a significant increase of 114.8%, rising to ₹1,100.70 crore from ₹512.35 crore in the previous year, as per the exchange filing.

Gautam Hari Singhania, Chairman and Managing Director, noted strong momentum in both the real estate and engineering sectors. He highlighted the launch of “Park Avenue – High Street Reimagined,” a unique retail space in Thane, as a significant step towards creating an aspirational ecosystem for current and future residential projects.

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Raymond Realty reported impressive growth, generating ₹571 crore in revenue, up from ₹243 crore in Q2 FY24, marking a remarkable 135% increase. The newly launched retail project received an enthusiastic response, featuring a RERA carpet area of 0.08 million square feet and hosting premium brands.

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In the engineering segment, Raymond achieved sales of ₹443 crore, effectively doubling its revenue from ₹201 crore in the same quarter of the previous fiscal year.

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