Raymond Limited's stock faced downward pressure on Tuesday, March 11, 2025, following a recent exchange filing revealing that one of its promoters, J. K. Investors (Bombay) Limited, had pledged 0.98% of its equity holdings as collateral. The news led to Raymond shares falling more than 2%, with the stock trading at Rs 1,262.55, reflecting a decline of 1.53% as of 2:45 pm.
J. K. Investors (Bombay) Limited, a key promoter, holds a 29.83% stake in Raymond, as of December 2024. The pledge of nearly 1% of its equity raised investor concerns, impacting the stock's performance.
Raymond's financial results for the December-quarter of FY2025 showed a 61% year-on-year decline in net profit, dropping from Rs 185.4 crore to Rs 72.3 crore. This decline is largely attributed to the demerger of its lifestyle business, which was included in the base quarter last year before becoming a separate entity.
However, the company showed strong revenue growth, with a 40.6% increase in revenue from operations, reaching Rs 953.9 crore compared to Rs 678.5 crore in the same quarter the previous year. Operationally, Raymond saw a sharp rise in EBITDA, which surged by 75.3%, reaching Rs 138 crore, up from Rs 78.8 crore in Q3 of FY2024. The EBITDA margin also improved, increasing to 14.5% from 11.6% in the same period last year.
