Good set of results, especially from real estate division. Good EBITDA margins as well.
But I don’t understand they keep restructuring the group business very often. Post de-merger, Raymond Ltd is supposed to be a real estate company with 63% holding in the merged engineering entity (which includes Maini precision). Now, they are carving out the A&D part from the engineering business and will keep it separately.
Hence Raymond Ltd (being primarily an RE company) will hold 63% in these two entities (Engg and A&D)
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