Raymond is a leading manufacturer of worsted suiting fabrics and garments in India. It also has a presence in precision engineering products and real estate.
The company reported 26.19% decline in consolidated net profit to Rs 194.35 crore in Q4 FY23 as against Rs 263.31 crore in Q4 FY22. However, net revenue from operations increased 9.81% YoY to Rs 2,150.18 crore in the quarter ended 31 March 2023.
The scrip fell 0.87% to end at Rs 1,731.10 on the BSE.