Raymond revenue doubles after Maini acquisition, demerges lifestyle business
Raymond Limited reported consolidated gross revenue surged nearly 100% to ₹1,94,684 lakhs, primarily due to the Maini Precision Products acquisition.
The company demerged its lifestyle business into Raymond Lifestyle Limited, which listed on September 5, 2024. The real estate business was demerged into Raymond Realty Limited, effective April 30, 2025.
Raymond recorded a substantial gain of ₹7,33,784 lakhs from the lifestyle business demerger. Consolidated profit after tax was ₹5,202 lakhs, slightly down from the previous year.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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