Textiles company Raymond announced Q2FY24 & H1FY24 results: Q2FY24: Net Revenue: Rs 2,321 crore, a 6% YoY increase. EBITDA: Rs 382 crore, up by 7% YoY. EBITDA Margin: 16.5%, a 20 bps YoY improvement. Reported PAT: Rs 160 crore, with a marginal 1% YoY change. H1FY24: Net Revenue: Rs 4,147 crore, showing a 5% YoY growth. EBITDA: Rs 634 crore, a 7% YoY rise. EBITDA Margin: 15.3%, a 30 bps YoY improvement. Reported PAT: Rs 1,225 crore. Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond said, “The growth trajectory at Raymond continues its journey as we have recorded yet another stellar quarter. We continue to achieve milestones across businesses as we recently announced our second project under joint development in our real estate business with a potential of Rs 1,700 crore revenue. With the acquisition of MPPL, our engineering business will now be consolidated and will participate in sunrise sectors like aerospace, defense, and EV components, which have phenomenal growth opportunities. With the onset of festivities and wedding season, we at Raymond are optimistic that there will be an uptick in consumer demand and overall sentiments should remain positive.” Result PDF