Raymond Ltd announced its Q3 financial results, presenting a mixed performance marked by sharp pressure on profitability even as operational metrics showed notable improvement.
For the third quarter, Raymond posted a consolidated net profit of ₹7 Cr, reflecting a significant 90.3% decline compared to ₹72.3 Cr reported in the corresponding quarter last year.
On the revenue front, the company delivered a robust performance. Q3 revenue rose 19.6% YoY to ₹557.2 Cr, up from ₹466 Cr in the same period last year.
Operational profitability showed a strong rebound during the quarter. EBITDA increased 54.60% YoY to ₹60 Cr, compared to ₹38.8 Cr in Q3 of the previous financial year. EBITDA margin expanded to 10.8% in Q3, up from 8.3% a year ago.
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Raymond