Raymond Q2 Results: Net Profit Jumps 131% to Rs 32 Crore, Revenue Rises 24%; Aerospace Business Shines

Raymond Limited, led by Gautam Singhania, reported a strong performance in the September quarter of FY2027, with consolidated revenue from continuing operations rising 24.1% year-on-year to Rs 655.16 crore. The company, which now focuses on engineering businesses spanning aerospace and defence and auto components, recorded a sharp increase in quarterly profit, supported by growth across its key segments.

Raymond Q2 Results: Net Profit Jumps 131% to Rs 32 Crore, Revenue Rises 24.1%

Raymond Limited, the engineering-focused company from the group historically known for its textiles and apparel business, reported a 131% year-on-year increase in consolidated profit from continuing operations to Rs 32.06 crore in Q2 FY2027, compared with Rs 13.89 crore in the corresponding quarter of the previous financial year.

Raymond Q2 EBITDA Margin Expands to 11.5%

Raymond's operating performance improved at a faster pace than revenue growth. Consolidated EBITDA increased 74.4% year-on-year to Rs 75 crore from Rs 43 crore, while the EBITDA margin expanded to 11.5% from 8.14%, an improvement of 336 basis points.

Higher volumes, cost optimisation and a favourable business mix supported profitability. However, total expenses also increased to Rs 641.22 crore from Rs 544.37 crore in the year-ago quarter, reflecting higher material, employee and manufacturing costs as operations expanded.

Total consolidated income stood at Rs 683.22 crore, including other income of Rs 28.06 crore. Profit before tax from continuing operations, before exceptional items, increased to Rs 42.67 crore from Rs 19.12 crore in the corresponding quarter last year.

Finance costs stood at Rs 21.62 crore, compared with Rs 21.50 crore a year earlier, while depreciation and amortisation amounted to Rs 39.75 crore. Employee benefit expenses increased to Rs 121.70 crore from Rs 102.55 crore. Basic earnings per share from continuing operations stood at Rs 3.36, while diluted EPS was Rs 3.13.

Raymond's Aerospace and Defence Revenue Jumps 128%

Raymond's aerospace and defence business recorded revenue of Rs 139.36 crore in Q2 FY2027, compared with Rs 61.04 crore in the year-ago quarter. Segment profit increased to Rs 18.55 crore from Rs 7.24 crore, reflecting stronger business activity and improved profitability.

The segment benefited from higher production for global original equipment manufacturers, an expanded product portfolio and easing supply-chain pressures. Its specialised manufacturing capabilities also position it to pursue opportunities arising from rising demand for precision-engineered aerospace components.

Raymond is investing approximately Rs 510 crore in a greenfield capacity expansion in Andhra Pradesh to strengthen its aerospace manufacturing operations and cater to future demand from domestic and international customers. The returns from this investment will depend on execution, capacity utilisation and the conversion of orders into revenue.

Precision Technology and Auto Components Support Revenue

Raymond's precision technology and auto components business remained its largest revenue contributor, generating Rs 470.61 crore during the quarter, compared with Rs 409.23 crore a year earlier.

The division benefited from domestic demand and export deliveries to original equipment manufacturers. It could also gain from the China Plus One strategy, under which global manufacturers diversify their supply chains beyond China and consider alternative production locations such as India.

The company's ability to maintain cost competitiveness, meet quality requirements and execute customer orders will be important in converting these opportunities into sustained growth.

Raymond H1 FY2027 Results: Profit Rises to Rs 63 Crore

For the six months ended September 30, 2026, consolidated revenue from continuing operations increased to Rs 1,260.77 crore from Rs 1,051.98 crore in the corresponding period last year. Profit from continuing operations rose to Rs 62.91 crore from Rs 34.51 crore.

Raymond Share Price Today on NSE

Raymond Limited shares rose 3.16% on Tuesday, October 27, to close at Rs 1,088.70 on the NSE, gaining Rs 33.40 during the session. The stock opened at Rs 1,055.30 and touched an intraday high of Rs 1,097.80, while its day's low stood at Rs 1,055.30.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.