Raymond’s Q3 net profit up 420 percent

In third quarter of this financial year that ended in December 2019, Raymond reported a 420 percent rise in its net profit to Rs 195 crore (27.5 million US dollars) as against Rs 38 crore it had reported in the corresponding period of last fiscal. The company’s net sales for the October-December period also grew by 12 percent to Rs 1,905 crore as against Rs 1,706 crore it had reported in the year-ago period.