Raymond Ltd's Q3FY25 Quarterly Results

Result Summary

• Raymond Ltd reported a 10.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 59.8%.
• Its expenses for the quarter were down by 11.2% QoQ and 59.7% YoY.
• The net profit increased 22.5% QoQ and decreased 61.0% YoY.
• The earnings per share (EPS) of Raymond Ltd stood at 10.8 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Raymond Ltd is a prominent Indian company primarily engaged in the textile and apparel industry. Renowned for its premium fabrics and fashion offerings, Raymond Ltd has a rich heritage in manufacturing and retailing high-quality garments and textiles. The company operates a diverse portfolio that includes garmenting, shirting, and denim fabrics, as well as apparel brands that cater to both domestic and international markets. In addition to textiles, Raymond Ltd has interests in real estate development, engineering, and consumer products, diversifying its business operations. Given the information available, no recent major developments have been specified for Raymond Ltd.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Raymond Ltd reported a total income of ₹985.35 crores, marking a significant decrease from ₹1100.70 crores in the previous quarter (Q2FY25), representing a quarter-over-quarter (QoQ) decline of 10.5%. Compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹2450.32 crores, there is a substantial year-over-year (YoY) drop of 59.8%. This decline in revenue is notable and suggests a significant change in the company's income generation over the periods compared.

Profitability

Raymond Ltd's profitability metrics for Q3FY25 show a profit before tax (PBT) of ₹99.59 crores, which is slightly lower than the previous quarter's PBT of ₹102.92 crores, indicating a QoQ decrease of 3.2%. The YoY comparison reveals a sharp decline from the ₹252.26 crores reported in Q3FY24, amounting to a 60.5% drop. The tax expense for Q3FY25 was ₹19.83 crores, down from ₹29.97 crores in the previous quarter and significantly lower than the ₹62.61 crores in Q3FY24, showing a YoY decrease of 68.3%. Consequently, the profit after tax (PAT) for Q3FY25 stood at ₹72.28 crores, which is an improvement over the ₹59.01 crores in Q2FY25, reflecting a QoQ increase of 22.5%. However, it is substantially lower than the ₹185.39 crores achieved in Q3FY24, marking a YoY decrease of 61.0%. Earnings per share (EPS) followed a similar pattern, showing a QoQ increase of 20.0% to ₹10.80 from ₹9.00, while YoY it decreased by 60.9% from ₹27.60.

Operating Metrics

The total expenses for Raymond Ltd in Q3FY25 were ₹885.76 crores, a reduction from ₹997.78 crores reported in Q2FY25, leading to an 11.2% QoQ decline. When compared to Q3FY24's expenses of ₹2198.06 crores, there is a 59.7% YoY decrease. This change in expenses aligns with the overall reduction in income and highlights a significant cut in operating costs over the year. The decrease in tax expenses is more pronounced than the reduction in PBT, contributing to the increase in net profitability from Q2FY25 to Q3FY25. The financial data indicates a substantial contraction over both QoQ and YoY periods, affecting both revenue and expenses significantly.