Home Brand News Revenue growth of 13% for the quarter, growth across segments

Revenue growth of 13% for the quarter, growth across segments

88
0

EBITDA grew by 41 % with margin improvement by 221 bps
Underlying Profit for the quarter at Rs 38 Crs, up by 33% over previous year
Key highlights of the quarter
• Consolidated Revenue for quarter up by 13% y-o-y at Rs. 1,706 Crores
• Consolidated EBITDA for quarter up by 41 % y-o-y to Rs. 185 Crores, margin
improvement by 221 bps
• Net Profit up by 33% at Rs 38 Crores (exc. exceptional items) vs. Rs. 29 Crores last year
• Reported Net Profit up by 30% at Rs 38 Crores vs. Rs. 29 Cro

res last year
Mumbai, January 23, 2019: Raymond Limited today announced its unaudited financial
results for the quarter ended December 31, 2018.

A snapshot of the financial results:
Consolidated Results Snapshot
Rs in Crores Q3 FY19 Q3 FY18 Y-o-Y% 9mFY19 9mFY18 Y-o-Y%
Net Revenue 1,706 1,514 13% 4,871 4,370 11%*
EBITDA 185 131 41% 507 370 37%
EBITDA % 10.9% 8.6% 221 bps 10.4% 8.5% 193 bps
PBT (before exceptions) 67 42 58% 179 116 54%
PET% 3.9% 2.8% 112 bps 3.7% 2.7% 101 bps
Underlying Net Profit 38 29 33% 103 62 66% (before exceptions)
Exceptional Item (net of tax) (0.8) 0 (2) 19
Reported Net Profit 38 29 30% 100 82 23%
*Lower revenue recognition by~ 1 %, due to revenue booking “net of excise” post CST as against gross earlier
Commenting on the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, “We are delighted to report the continued strong revenue growth across all our businesses backed by a robust profitability despite challenging global business environment. As we move into the last quarter of the current fiscal, we expect to end the year on a strong and a positive note with the extended wedding season. I am pleased to inform that we have received project registration from Maharashtra Real Estate Regulatory Authority (MAHA RERA) for our real estate project. We will soon be announcing the execution details of this project. This is yet another initiative in Raymond Re-imagined journey that is committed to enhance stakeholder value”

LEAVE A REPLY

Please enter your comment!
Please enter your name here