By Debdeep Gupta | 05 Nov, 2024
Raymond stock jumps 2% on stellar Q2 earnings driven by real estate, engineering gains
Shares of Raymond edged higher amid a weak market after the company reported a substantial rise in consolidated Q2 net profit, doubling year-on-year (YoY) to Rs 59 crore, driven by robust growth in its real estate and engineering businesses.The company's revenue from operations also more than doubled YoY to Rs 1,044.7 crore in Q4FY25, while EBITDA climbed 100 percent YoY to Rs 116 crore. The EBITD...
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SHIVSHANKAR 2022-08-15 20:12:59
Looks like a good bet for long term. High IRR, good enough discount to value ascribed, ascendancy in traffic volumes and inflation related toll increases are positives. Corporate governance is the negative part but being an InvIT helps.
Login & Reply Like(0) Dislike(0) Repost SpamINVESTINGPOWER 2022-07-29 16:54:06
Rs 2.00 distribution, record date 4th August. Payment on or before 12th Aug.
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