Raymond Ltd has posted a net profit of Rs 32.44 crore for the fourth quarter ended March 31, 2003, up 23 per cent compared with Rs 26.33 crore in the corresponding period last year.
Net sales declined to Rs 282.92 crore from Rs 290.92 crore. The company has appointed P K Bhandari, deputy group president, as wholetime director with effect from April 24, 2003.