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Raymond Ltd Q4FY22 PAT up 366.5% at Rs263.31 crore on optimization of costs and deferred tax credits

Raymond Ltd reported 43.38% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,958 crore

May 18, 2022 8:03 IST | India Infoline News Service
Raymond Ltd reported 43.38% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,958 crore. On a sequential basis, revenues were higher for the quarter by 6.22%.

For full year FY22, the revenues were higher by 79.3% at Rs6,179 crore. For Q4FY22, Raymond capitalized on the buoyant demand and strong consumer sentiments.

The B2C segment of Raymond saw a good growth impetus. While revenues from branded textiles grew 23% in the quarter, branded apparel grew 59% on a yoy basis.

It also saw 69% growth in garmenting revenues. The company declared dividends of 30% on face value.

The consolidated net profit for Q4FY22 was sharply higher by 366.45% at Rs263.31 crore while it was up on a sequential basis by 162.6%.

For Q4FY22, cost optimization helped to save Rs453 crore. In addition, there was inventory efficiency plus a tax credit of Rs132 crore in Q4. This more than offset the exceptional loss of Rs111 crore on account of trade receivables written off.

Net margins were 13.45% in Q4FY22 quarter compared to 4.13% in Q4FY21. NPM was higher as compared to 5.44% in Q3FY22.


Financial highlights for Mar-22 compared yoy and sequentially


Raymond Ltd
Rs in Crore Mar-22 Mar-21 YOY Dec-21 QOQ
Total Income (Rs cr) ₹ 1,958.10 ₹ 1,365.66 43.38% ₹ 1,843.39 6.22%
Net Profit (Rs cr) ₹ 263.31 ₹ 56.45 366.45% ₹ 100.28 162.57%
Diluted EPS (Rs) ₹ 39.55 ₹ 8.48 ₹ 15.06
Net Margins 13.45% 4.13% 5.44%

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