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Asia

Raymond Realty shares fall 8% as profitability takes a hit in Q1

Markets-Economic Times · 2h ago · 🇮🇳 India

Raymond Realty shares fall 8% as profitability takes a hit in Q1

Raymond Realty shares fell 8% after Q1 earnings showed pressure on profitability despite a 37% year-on-year rise in total income to Rs 536 crore. Higher upfront project, marketing and interest costs weighed on profit. However, bookings doubled to Rs 700 crore, while collections rose 47%, supporting the company’s growth outlook.

Read the full story at Markets-Economic Times →

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