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 from textile segment fell 28.forty eight for each cent to Rs 581.90 crore as against Rs 813.seventy one crore in the corresponding quarter a 12 months in the past.
While earnings from shirting was down 23.eighty for each cent to Rs 118.sixty nine crore, earnings from apparel segment fell forty.eighty five for each cent to Rs 289.27 crore in the quarter underneath critique.
Revenue from garmenting declined fourteen.37 for each cent to Rs 181.21 crore, even though that from applications and components dipped 22.62 for each cent to Rs 78.seventy two crore in the quarter finished March.
Revenue from car components was down thirty.eighty one for each cent to Rs 47.21 crore as against Rs sixty eight.24 crore a 12 months in the past.
For fiscal 12 months 2019-20, Raymond’s web income rose 15.44 for each cent to Rs 201.76 crore as in contrast with Rs 174.seventy seven crore in 2018-19.
Revenue from functions declined one.fifty one for each cent to Rs 6,482.37 crore in 2019-20 as against Rs 6,582.28 crore in 2018-19.
Shares of Raymond Ltd on Monday shut two.03 for each cent lower at Rs 287.15 on the BSE.
