Posts Rs 69.10 crore net loss, Retail News, ET Retail

New Delhi: Raymond Ltd on Monday reported a consolidated web decline of Rs sixty nine.10 crore for the fourth quarter finished March 2020, impacted by the coronavirus-induced lockdown.

The firm experienced posted a web income of Rs sixty seven.70 crore in the course of January-March quarter of the previous fiscal, Raymond reported in a regulatory filing.

Revenue from functions fell 29.thirty for each cent to Rs one,278.sixty five crore in the course of the quarter underneath critique as against Rs one,808.seventy one crore in the corresponding interval of the previous fiscal.

“The Authorities of India experienced declared a lockdown on March 24, 2020 which experienced impacted the standard business functions of the team, its associates and joint ventures,” the firm reported.

Raymond’s overall expenditures declined seventeen.21 for each cent to Rs one,442.eighty crore in This autumn of 2019-20 as against Rs one,742.79 crore a 12 months in the past.

Revenue

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