New Delhi: Raymond Ltd on Tuesday noted a multifold soar in its web profit to Rs 101.07 crore for the third quarter ended in December 2021. The business experienced posted a net financial gain of Rs 22.18 crore for the duration of the Oct-December of the earlier fiscal, Raymond reported in a regulatory filing.

Its income from operations was up 48.25 for each cent to Rs 1,843.39 crore all through the quarter underneath evaluate as against Rs 1,243.44 crore in the corresponding period of the prior fiscal.

In accordance to the organization, it has described “best financially rewarding quarter in very last 10 yrs” and its profits is now “100 for each cent of pre-Covid concentrations”.

Commenting on the end result, Raymond Chairman & Running Director Gautam Hari Singhania mentioned: “With our centered approach on capitalizing on the escalating desire for our solutions and ongoing charge optimization, we delivered report profitability. We produced free of charge funds flows to lower financial debt and are progressing in the direction of staying a internet debt totally free business.”

Raymond’s complete charges were being at Rs 1,685.03 crore, up 32.22 for every cent in Q2/FY 2021-22, as from Rs 1,274.38 crore.

Shares of Raymond Ltd on Tuesday settled at Rs 783.95 on BSE, up 6.43 for every cent from the preceding shut.