New Delhi: Raymond Ltd on Monday described a consolidated internet loss of Rs sixty nine.10 crore for the fourth quarter finished March 2020, impacted by the coronavirus-induced lockdown.

The business experienced posted a internet profit of Rs sixty seven.70 crore all through January-March quarter of the preceding fiscal, Raymond explained in a regulatory filing.

Income from functions fell 29.30 for every cent to Rs 1,278.65 crore all through the quarter below overview as versus Rs 1,808.71 crore in the corresponding time period of the preceding fiscal.

“The Authorities of India experienced declared a lockdown on March 24, 2020 which experienced impacted the usual business functions of the team, its associates and joint ventures,” the business explained.

Raymond’s complete costs declined seventeen.21 for every cent to Rs 1,442.eighty crore in This fall of 2019-20 as versus Rs 1,742.seventy nine crore a calendar year in the past.

Income from textile phase fell 28.forty eight for every cent to Rs 581.90 crore as versus Rs 813.71 crore in the corresponding quarter a calendar year in the past.

When earnings from shirting was down 23.eighty for every cent to Rs 118.sixty nine crore, earnings from apparel phase fell 40.85 for every cent to Rs 289.27 crore in the quarter below overview.

Income from garmenting declined 14.37 for every cent to Rs 181.21 crore, though that from instruments and components dipped 22.sixty two for every cent to Rs seventy eight.72 crore in the quarter finished March.

Income from car components was down 30.eighty one for every cent to Rs forty seven.21 crore as versus Rs 68.24 crore a calendar year in the past.

For fiscal calendar year 2019-20, Raymond’s internet profit rose 15.44 for every cent to Rs 201.seventy six crore as as opposed with Rs 174.77 crore in 2018-19.

Income from functions declined 1.fifty one for every cent to Rs six,482.37 crore in 2019-20 as versus Rs six,582.28 crore in 2018-19.

Shares of Raymond Ltd on Monday closed 2.03 for every cent reduce at Rs 287.15 on the BSE.