Raymond Limited has announced a stellar start to the fiscal year 2025, with its net profit surging by a commendable 27% to reach Rs 57.04 crore in the first quarter. This marks a substantial improvement over the corresponding period in the previous year.
Contributing significantly to this impressive performance is the company’s robust revenue from operations, which witnessed a staggering 98.1% growth to touch Rs 937.65 crore. This remarkable upsurge can be directly attributed to the exceptional performance of Raymond’s real estate business, which experienced a noteworthy 108% increase in sales.
The engineering business segment also played a pivotal role in driving the company’s overall growth, with its revenue doubling in comparison to the same quarter last year. This dual-pronged growth strategy, encompassing both real estate and engineering, has proven to be highly effective for Raymond.
The company’s strategic focus on expanding its business horizons and capitalizing on emerging market opportunities has undoubtedly yielded positive results. As the financial year progresses, industry observers will be keenly watching Raymond’s performance to gauge its long-term growth trajectory.
