Raymond shares trade in red a day after promoter creates pledge on 1% equity

J. K. Investors (Bombay) Limited, a promoter of the company, has pledged 0.98 percent of their equity holdings as collateral

Moneycontrol News

March 11, 2025 / 15:33 IST

Raymond shares loser after this promoter creates pledge on 1% equity

26 Aug, 2025 12:21

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Raymond shares have come under focus after the company revealed in an exchange filing that one of its promoters has created pledge on 1 percent of their equities holding in the company. The shares fell more than 2 percent during trade on Tuesday, March 11.

As of 2:45 pm, the shares of Raymond Limited were trading at Rs 1,262.55 apiece, a decline of 1.53 percent.

As per exchange filing, J. K. Investors (Bombay) Limited, a promoter of the company, has pledged 0.98 percent of their equity holdings as collateral. As of December 2024, the promoter had a 29.83 percent stake in the company.

For its December-quarter of FY2025, the company reported net profit of Rs 72.3 crore, reflecting a 61 percent year-on-year (YoY) decline. Last year, the corresponding quarter saw a net profit of Rs 185.4 crore. This fall is primarily attributed to the base quarter having included its lifestyle business before its demerging into becoming a separate listed entity.

Meanwhile, the revenue from operations rose 40.6 percent, reaching Rs 953.9 crore over the revenue recorded int he previous year's corresponding quarter, at Rs 678.5 crore. On the operational front, earnings before interest, tax, depreciation and ammortisation (EBITDA) also increased sharply, by 75.3 percent. Thus, taking it to Rs 138 crore from Rs 78.8 crore in Q3 of FY2024. EBITDA margin also increased to 14.5 percent in Q3FY25, as against 11.6 percent in Q3FY24.