Raymond Q4 results: Posts Rs 69.10 crore net loss

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

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