Raymond's Q4 financial report shows positive sales and operating profit trends, but PAT falls

Raymond, a midcap textile company, recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Raymond's net sales for the quarter were at its highest in the last five quarters, reaching Rs 2,608.50 crore. This shows a positive trend in the company's sales performance. Additionally, the net sales have grown by 21.32% year on year, indicating a positive growth trend.

The company's operating profit (PBDIT) for the quarter was also at its highest in the last five quarters, at Rs 435.90 crore. This shows a positive trend in the company's operating profit performance. The operating profit margin was also at its highest in the last five quarters, at 16.71%, indicating an improvement in the company's efficiency.

However, there are some areas that need improvement for Raymond. The profit after tax (PAT) for the quarter has fallen by -17.5% year on year, showing a negative trend. The interest cost has also increased by 22.71% over the previous half-yearly period, indicating increased borrowings. Additionally, the non-operating income for the quarter was at its highest in the last five quarters, which may not be sustainable.

Overall, Raymond has shown a mixed financial performance for the quarter ending March 2024. While there are some positive trends in the company's sales and operating profit, there are also areas that need improvement. Investors are advised to hold their stocks and keep an eye on the company's future financial reports.