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FINWIRES

Raymond's Consolidated Profit Plummets in Fiscal Q4; Shares Jump 17%

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-- Raymond (NSE:RAYMOND, BOM:500330) reported a sharp decline in its consolidated attributable profit to 11.3 million Indian rupees in the fiscal fourth quarter ended March 31 from 1.33 billion rupees a year ago.

Shares of the company jumped over 17% in Wednesday's trade.

Earnings per share contracted to 0.17 rupees compared with the year-ago figure of 19.89 rupees, according to a Tuesday filing to the Indian stock exchanges by the fabric and apparel manufacturer.

Revenue from operations in fiscal Q4, however, increased to 6.03 billion rupees from 5.57 billion rupees a year earlier.

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