Raymond Ltd reported a 26.7% rise in consolidated net profit from continuing operations, reaching Rs 57.04 crore for Q1 FY24, up from Rs 45.02 crore a year ago. Revenue from continuing operations surged to Rs 937.65 crore, compared to Rs 473.37 crore last year. The company completed its lifestyle business demerger into Raymond Lifestyle Ltd on June 30, 2024. Raymond’s current focus includes real estate and aerospace, with significant expansion and promising performance in these sectors. Investors should note the strong growth in profit and revenue, indicating a positive outlook.
Raymond Ltd Reports 27% Profit Increase in Q1
