Mumbai, May 5 (IANS) Raymond Limited on Tuesday reported a sharp decline in its fourth-quarter consolidated net profit, impacted by a one-time exceptional loss.The company’s net profit attributable to owners for the January–March quarter fell 99.2 per cent to Rs 1.1 crore from Rs 133 crore in the year-ago period, primarily due to an exceptional item outgo of around Rs 20 crore during the quarter.Despite the steep fall in profit, Raymond posted an 8.1 per cent rise in revenue to Rs 603 crore,…
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