Raymond Q2 Net Profit Down 76%; Aerospace & Defence Boosts Revenue

Raymond Ltd., a company, saw its profit drop significantly in the second quarter.

While the profit decreased, the amount of money they made from sales went up.

This increase was thanks to their Aerospace & Defence and Precision Technology businesses doing well.

The company makes parts for planes and cars, and these parts are in high demand.

Raymond is also expanding into new areas and countries.

The company has a good amount of cash and isn't in debt.

The stock price increased a little at the end of the day.