India · Delayed Price · Currency is INR Raymond Earnings Call Transcripts
Fiscal Year 2026
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Consolidated FY 2026 income grew 10% YoY to INR 2,312 crore, with aerospace and precision tech segments driving growth. EBITDA margin declined to 14.5% due to lower non-operating income, but robust order pipelines and a major CapEx plan support future expansion.
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Q3 FY 2026 saw 18% revenue growth and margin expansion, led by aerospace and auto segments. Strong order book, robust cash position, and ongoing CapEx support future growth, despite global trade uncertainties and material inflation.
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Total income grew 10% YoY in Q2 FY26 and 11% in H1 FY26, led by Aerospace & Defense and Precision Technology & Auto Components. EBITDA margins remained healthy despite margin compression, with strong order pipelines and strategic CapEx planned for future growth.
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Q1 FY26 saw steady growth with total income of INR 555 crores and strong aerospace and auto segment performance. Management expects to double aerospace business in 3-4 years, with margin and ROCE improvements as synergies and new products ramp up.
Fiscal Year 2025
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Demerger of real estate business completed, with Raymond Realty set for Q2 FY26 listing. Engineering and real estate segments both posted double-digit growth, maintaining strong margins and net cash positions. Real estate demand and aerospace outlook remain robust, while export markets face headwinds.
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Q3 FY25 saw 36% revenue growth and 71% higher profit after tax, driven by strong real estate and engineering performance. The company remains net debt-free, with robust liquidity, and expects continued growth, especially in real estate and aerospace.
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Q2 FY25 saw revenue surge 115% year-over-year to INR 1,101 crore, led by robust real estate and engineering growth. Real estate bookings hit INR 562 crore, and profit after tax doubled. The company remains net debt-free and expects 20%-25% annual booking growth.
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Q1 FY25 saw 93% revenue growth year-over-year, led by real estate and engineering, with strong bookings and margin expansion. Lifestyle business faced temporary headwinds but is expected to recover in H2 FY25, while the group completed major demergers and capacity expansions.