Raymond Q2 net profit vaults 284% to Rs.141.47 Crores

Raymond Ltd has announced the following Unaudited results for the quarter ended September 30, 2006:

The Company has posted a net profit of Rs 1414.70 million for the quarter ended September 30, 2006 as compared to Rs 368.30 million for the quarter ended September 30, 2005. Total Income (net of excise) has increased from Rs 3727.90 million for the quarter ended September 30, 2005 to Rs 3745.90 million for the quarter ended September 30, 2006.

Commenting on the results, Mr. Gautam Hari Singhania, Chairman and Managing Director, of the Company said: "The Company would maintain its growth momentum through continued thrust on its existing businesses and expansion of its business portfolio through strategic alliances with leading international players".

Source : Equity Bulls

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