Raymond Ltd on saw a jump in its net profit to Rs 101.07 crore for the third quarter ended in December 2021.
The company had posted a net profit of Rs 22.18 crore during the October-December of the previous fiscal, Raymond said in a regulatory filing.
Its revenue from operations was up 48.25 per cent to Rs 1,843.39 crore during the quarter under review as against Rs 1,243.44 crore in the corresponding period of the previous fiscal.
According to the company, it has reported “highest profitable quarter in last 10 years” and its revenue is now “100 per cent of pre-Covid levels”. Raymond’s total expenses were at Rs 1,685.03 crore, up 32.22 per cent in Q2/FY 2021-22, as against Rs 1,274.38 crore.
The innerwear giant Rupa and Company also reported similar results with as the net profit of hosiery firm Rupa and Company increased 34% at Rs 58.3 crore in the third quarter of current fiscal as compared to Rs 43.4 crore in the same period the previous year.
Revenues of the company increased 25% during the quarter at Rs 433.2 crore as compared to Rs 345.6 crore in the similar previous period.
Ginni Filaments Ltd. declared a PAT of 37.71 Cr for the period of nine months ending 31 Dec 2021 against 26.03 Cr in the nine months ending 31 Dec 2020, a historic increase of 44.87%.
Total Revenue from operations jumped to 756 Cr from 539 Cr in this 9 months period. (An increase of 40.25%)
