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Shares of Raymond shed over 4 percent in intra-day deals on Monday, extending losses for the seventh straight session amid reports that chairman Gautam Hari Singhania's estranged wife Nawaz Gautam Singhania has demanded 75 percent of his fortunes. The couple announced separation earlier this month.
Multibagger stock: A change in leadership, rapid scale-up in real estate business, focus on cost optimisation, the sale of the FMCG business to GCPL and the acquisition of Maini Precision Products supported the stock.
Raymond rose 3.05% to Rs 338.15 after the company's consolidated net profit stood at Rs 56 crore in Q4 FY21 compared with net loss of Rs 68 crore in Q4 FY20. On a consolidated basis, net sales gained 6.8% to Rs 1,365.66 crore in Q4 FY21 over Q4 FY20. EBITDA stood at Rs 197 crore in Q4 FY21 from Rs 5 crore in Q4 FY20. EBITDA margin improved to 14% in Q4 March 2021 as against 0.4% n Q4 March 2020. The net debt reduced by Rs 167 crore to Rs 1,416 crore in March 2021 from Rs 1,583 crore in December 2020, driven by focused working capital management and cost rationalization. The Q4 FY21 consecuti...
Results: Raymond Q4 net profit at Rs 58 crore Results: Raymond Q4 net profit down 15.5% to Rs 58 crore Raymond Ltd on Thursday reported a consolidated net profit of Rs 58.36 crore for the fourth quarter ended March 2021. The company had posted a net loss of Rs 69.10 crore during the January-March period of the previous fiscal, Raymond said in a regulatory filing. However, its total income was up 9.03 per cent to Rs 1,407.45 crore as against Rs 1,290.87 crore in the corresponding period of the previous fiscal. Raymond Chairman and Managing Director Gautam Hari Singhania said, "The quarter witn...