Raymond Q3 net at Rs 60.89 crore

Raymond, on Wednesday, reported a consolidated net profit of Rs 60.89 crore for the third quarter ended December 31, 2011 as against a net loss of Rs 74.15 crore in the same quarter last fiscal.

Raymond said net sales of the company stood at Rs 952.08 crore for the third quarter ended December 31, 2011, while the same stood at Rs 852.23 crore in the year-ago period.
On a standalone basis, the company posted a net profit of Rs 31.26 crore for quarter under review.