Raymond Reports 99.15% Decline in Quarterly Profit Amid Rising Sales
Raymond consolidated net profit declines 99.15% in the March 2026 quarter
Business Standard
Image: Business Standard
Raymond's net profit plummeted 99.15% to ₹1.13 crore in the March 2026 quarter compared to ₹132.76 crore in the same quarter last year, despite an 8.15% increase in sales to ₹602.91 crore. For the full year, profit also fell 30.01% to ₹5,341.27 crore.
- 01Raymond's quarterly net profit fell by 99.15%.
- 02Sales increased by 8.15% in the March 2026 quarter.
- 03Annual net profit declined by 30.01% compared to the previous year.
- 04Total sales for the year rose by 13.63%.
- 05Operating profit margins saw a significant drop.
Advertisement
In-Article Ad
In the quarter ended March 2026, Raymond's consolidated net profit saw a staggering decline of 99.15%, dropping to ₹1.13 crore from ₹132.76 crore in the same quarter of the previous year. This sharp decline occurred despite an 8.15% increase in sales, which reached ₹602.91 crore, up from ₹557.46 crore in March 2025. For the full fiscal year, Raymond reported a 30.01% decrease in net profit, totaling ₹5,341.27 crore, down from ₹7,631.36 crore the previous year. However, the company's total sales for the year increased by 13.63%, amounting to ₹2,212.10 crore compared to ₹1,946.84 crore in the previous year. The operating profit margin also fell significantly, indicating challenges in maintaining profitability despite rising sales figures.
Advertisement
In-Article Ad
The drastic decline in net profit may affect investor confidence and could lead to cost-cutting measures, impacting employees and suppliers.
Advertisement
In-Article Ad
Reader Poll
Do you think Raymond can recover from this profit decline?
Connecting to poll...
More about Raymond Limited
Read the original article
Visit the source for the complete story.