Raymond shares loser after this promoter creates pledge on 1% equity. ….

Raymond shares loser after this promoter creates pledge on 1% equity. As of 2:45 pm, the shares of Raymond Limited were trading at Rs 1,262.55 apiece, a decline of 1.53 percent. For its December-quarter of FY2025, the company reported net profit of Rs 72.3 crore, reflecting a 61 percent year-on-year (YoY) decline. This fall is primarily attributed to the base quarter having included its lifestyle business before its demerging into becoming a separate listed entity. Meanwhile, the revenue from operations rose 40.6 percent, reaching Rs 953.9 crore over the revenue recorded int he previous year’s corresponding quarter, at Rs 678.5 crore. On the operational front, earnings before interest, tax, depreciation and ammortisation (EBITDA) also increased sharply, by 75.3 percent. Thus, taking it to Rs 138 crore from Rs 78.8 crore in Q3 FY2024.

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