Raymond Ltd. logo is seen at its headquarters in Mumbai, India. (Source: BloombergQuint)

Q3 Results: Raymond Expects To Commence Work On Realty Projects From This Quarter

Raymond Ltd. expects its real estate projects to commence in the ongoing quarter of the current financial year, its Group Chief Financial Officer Sanjay Bahl said.

“The company has secured all the necessary approvals to start the development of real estate project on the 20-acre land parcel,” Bahl told BloombergQuint in an interaction. “We expect it to commence by March quarter.”

Key Earnings Highlights (Q3, YoY)

  • Revenue up 13 percent at Rs 1,706 crore.
  • Net profit up 30 percent at Rs 38 crore.
  • Ebitda up 41 percent at Rs 185 crore.
  • Margin at 10.9 percent versus 8.6 percent.

Watch the full conversation here: