NEW DELHI: Raymond has reported a growth of 91.92 per cent in its net consolidated profit during the quarter ended December 30, 2023. Its profit after tax stood at Rs 185.39 crore in Q3 FY24 as against Rs 96.60 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 2,450.32 crore in Q3 FY24, a growth of 11.40 per cent from Rs 2,199.53 crore it registered in the similar quarter last year.
Raymond Realty‘s sales increased from Rs 292 crore in Q3 FY23 to Rs 439 crore in Q3 FY24. The company also signed joint development agreement’s (JDA) during the quarter of over Rs 3,000 crore making total JDA projects under development worth over Rs 5,000 crore.
The company is running projects worth Rs 9,000 crore on its Thane land and has a further potential to generate Rs 16,000 crore making a total potential revenue of Rs 25,000 crore from Thane land bank.
Revenue from real estate segment stood at Rs 435.98 crore and profit before tax was Rs 94.18 crore in Q3 FY24.
As on December 30, 2023, the company’s net worth stood at Rs 4,402.41 crore, debt-equity ratio was 0.54, current liability ratio was 58.28%, total debts to total assets was 25.44%, operating margin was 15.17% and net profit margin was 7.77%.
