Raymond Lifestyle's stock is witnessing a sharp decline during Thursday's trading and the stock has fallen more than 11 percent during the session. This decline in the stock has been seen after the quarterly results which reported a sharp decline in profits. According to the company, its quarterly profit has fallen by more than 60 percent. At the same time, EBITDA has fallen by 37 percent. Margins have also fallen on a year-on-year basis. Income has remained close to last year's levels.

How were the quarterly results

According to the company, the profit in the December quarter has come down from Rs 162.4 crore to Rs 64.2 crore. There has been a decrease of 60.5 percent on a year-on-year basis. There has been a limited increase of 1.6 percent in the company's income. And it increased from Rs 1726 crore to Rs 1754 crore. EBITDA has fallen by 36.6 percent on a year-on-year basis and has come down from Rs 283.4 crore to Rs 179.6 crore. At the same time, the company's margins have been at 10.2 percent, which was at 16.4 percent a year ago. Sharp decline in the stock After the results, a sharp decline was seen in the stock and the stock reached the day's low of 1515.9 as compared to the previous closing level of 1710. That is, the stock has seen a decline of more than 11 percent. This is the new low level of the stock for the year. The stock's highest level of the year is 3100. Which was recorded on 5 September 2024. That is, since September till now the stock has come down to half the level.