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 delivered 18% YoY revenue growth and margin expansion, led by aerospace and precision tech. The company remains debt-free, with robust order books and strategic CapEx plans supporting future growth. Margin expansion and global partnerships are expected to drive continued outperformance.
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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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Strong Q4 and FY25 results driven by robust engineering and real estate performance, with the real estate demerger completed and a solid project pipeline. Engineering exports face headwinds, but aerospace recovery and domestic auto growth support outlook. Net cash surplus and asset-light strategy reinforce financial strength.
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Revenue grew 36% year-over-year to ₹985 crore, with profit after tax up 71%. Real estate and engineering segments both saw strong growth, supported by robust demand and new project launches. The company remains net debt-free and expects continued momentum in Q4.
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Q2 FY25 saw revenue surge 115% year-over-year to INR 1,101 crore, led by strong real estate and engineering growth. Real estate bookings hit INR 562 crore, and profit after tax doubled. Outlook remains positive with 20%-25% annual booking growth targeted.
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Q1 FY25 saw 93% year-on-year revenue growth, led by real estate and engineering, with EBITDA up 82%. The lifestyle business faced headwinds from weak demand but is expected to recover in H2 FY25. Strategic demergers and acquisitions position the group for future growth.