Raymond has posed a 61.46% rise in its consolidated net profit to Rs.54.38 crore, for the quarter ended March 31,2018. Last year, in the same quarter it had posted a profit of Rs.33.68 crore.

Its total income grew by 9.91% to Rs.1,655.12 crore during the quarter under review, as against Rs.1,505.75 crore in the corresponding period of the previous fiscal. Its total expenses were at Rs.1,578.96 crore, up 8.79% in the period under review as against Rs.1,451.34 crore in the year-ago period.

Furthermore, Gautam Hari Singhania, Raymond Chairman and Managing Director said: “The financial year 2017-18 has been one of the milestone years for the Raymond Group.”

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