Mumbai, Oct 22: Textile major Raymond Ltd has posted a 14.76 per cent rise in net profit at Rs 39.49 crore in second quarter ended September 30, 2003, compared to Rs 34.41 crore recorded during the same period of the previous year. The company's total income (net of excise) rose to Rs 316.25 crore during the quarter from Rs 284.11 crore posted during the corresponding period of the previous year, a Raymond press release said here today.
For the six-month period ended September 30, 2003, Raymond posted a higher net profit of Rs 60.41 crore on income from operations of Rs 508.42 crore, compared to Rs 38.72 crore on income from operations at Rs 462.29 crore recorded during the period a year ago, it said.
Raymond's textile division recorded a 6.26 per cent rise in revenues in second quarter, and sales volume rose to 7.48 million metres from 7.23 million metres, it said.
For the six-month period the division posted a 6.29 per cent growth at Rs 362.69 crore (Rs 341.22 crore), on a rise in sales volume at 11.5 million metres (11 million metres).
Raymond's denim division also recorded a growth in revenue by 39.36 per cent at Rs 45.60 crore (rs 32.72 crore) during the second quarter and by 46 per cent at Rs 87.85 crore (Rs 60.26 crore) during the six-month period, it said.
The division posted a rise in volumes by 38.46 per cent at 4.14 million metres (2.99 million metres) for the second quarter and by 47.5 per cent at 8.10 million metres (5.49 million metres) for the first half.
Bureau Report