Raymond posts March quarter loss of Rs239 cr

Raymond posts March quarter loss of Rs239 cr
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First Published: Fri, Apr 24 2009. 10 33 PM IST
Updated: Fri, Apr 24 2009. 10 33 PM IST
New Delhi: Apparel maker Raymond Ltd posted a net loss of Rs239 crore for the quarter ended 31 March against a net profit of Rs26.9 crore in the corresponding quarter last fiscal.
The company also reported a decline in net sales for the quarter under review. Net sales declined to Rs355.38 crore for the March quarter compared with Rs435.78 crore in the year-ago period.
Raymond also informed the Bombay Stock Exchange that the board of directors, at a meeting on Friday, decided not to recommend dividend for the fiscal ended 31 March.
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First Published: Fri, Apr 24 2009. 10 33 PM IST