Raymond announced that the Board of Directors of the Company at its meeting held on 3 May 2024, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Raymond rose 17.94% to Rs 229.21 crore in the quarter ended March 2024 as against Rs 194.35 crore during the previous quarter ended March 2023. Sales rose 21.32% to Rs 2608.50 crore in the quarter ended March 2024 as against Rs 2150.18 crore during the previous quarter ended March 2023.For the full year,net profit rose 209.63% to Rs 1637.75 crore in the year ended March 2024 as against Rs 528.94 crore during the previous year ended March 2023. Sales rose 9.80% to Rs 9019.51 crore in the year ended March 2024 as against Rs 8214.72 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2608.502150.18 21 9019.518214.72 10 OPM %16.6915.66 -14.5114.60 - PBDT411.46328.03 25 2192.621079.82 103 PBT323.17266.42 21 1908.94844.47 126 NP229.21194.35 18 1637.75528.94 210 Powered by Capital Market - Live News

Raymond will hold a meeting of the Board of Directors of the Company on 3 May 2024.Powered by Capital Market - Live News

Raymond Realty, the real estate arm of Raymond Group today announced the launch of its first project outside Thane `The Address by GS, Bandra`. This strategic move followed the company`s plan for expansion beyond Thane through joint development agreements (JDAs) in MMR region. As the name suggests, this development is inspired by the tremendous success of its Thane`s flagship project `The Address by GS` which has emerged as Thane`s bestseller in premium category and is set to be delivered two years ahead of its timeline. `The Address by GS, Bandra` project spreads over an area of 2.74 acres, offering the finest gated community in Bandra East with excellent connectivity to prime locations like Bandra-Kurla Complex, Bandra-Worli Sea link along with the rest of the city. The project will offer a diverse mix of 2, 3, and 4 BHK apartments along with 30 world class amenities including a 16000 square feet state-of-the-art clubhouse. Additionally, the residential project will have an exclusive high-street retail space amongst other amenities that aim to provide residents with an excellent living experience. This project also promises substantial economic returns, with projections indicating a revenue generation over Rs 2000 crore.Powered by Capital Market - Live News

Net profit of Raymond rose 93.59% to Rs 183.60 crore in the quarter ended December 2023 as against Rs 94.84 crore during the previous quarter ended December 2022. Sales rose 10.05% to Rs 2386.16 crore in the quarter ended December 2023 as against Rs 2168.16 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales2386.162168.16 10 OPM %14.9914.49 - PBDT318.30275.04 16 PBT248.00217.20 14 NP183.6094.84 94 Powered by Capital Market - Live News