Raymond Ltd, a prominent player in the real estate and engineering sectors, saw its shares drop over 2% following the announcement of its Q4 FY2024-25 financial results. As of 9:32 AM, the shares were trading 2.52% lower at Rs 1,533.00.
The company reported a sharp 40% decline in consolidated net profit, which fell to ₹137.47 crore from ₹229.79 crore in the same quarter last year.
Despite the profit decline, Raymond’s total income surged to ₹601.40 crore in Q4 FY2024-25, up from ₹308.56 crore in Q4 FY2023-24. This growth reflects the company’s strong operational performance across its business segments.
For the full fiscal year 2024-25, Raymond Ltd achieved a significant turnaround with a rise in net profit to ₹7,635.62 crore, a remarkable increase from ₹1,643.07 crore in FY2023-24. Its total income also rose to ₹2,105.24 crore in FY2024-25, compared to ₹1,137.17 crore in the previous year.
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