Key Financial Figures (Consolidated - ₹ in lakhs)
- Total Income: ₹62,810 (Q1 FY27) vs ₹55,532 (Q1 FY26) - 13.1% growth
- Revenue from Operations: ₹60,561 (Q1 FY27) vs ₹52,429 (Q1 FY26) - 15.5% growth
- Other Income: ₹2,249 (Q1 FY27) vs ₹3,103 (Q1 FY26)
- Total Expenses: ₹58,648 (Q1 FY27) vs ₹52,507 (Q1 FY26)
- Profit Before Tax (Continuing): ₹4,133 (Q1 FY27) vs ₹2,821 (Q1 FY26)
- Tax Expense: ₹1,048 (Q1 FY27)
- Profit for Period (Continuing): ₹3,085 (Q1 FY27) vs ₹2,062 (Q1 FY26)
- Profit Attributable to Owners: ₹2,099 (Q1 FY27)
- Earnings Per Share (Basic): ₹3.15 (Continuing operations)
- Paid-up Equity Share Capital: ₹6,655 lakhs (Face value ₹10 per share)
Segment Performance (Consolidated - ₹ in lakhs)
Precision Technology & Auto Components:
- Revenue: ₹44,391 (Q1 FY27) vs ₹39,828 (Q1 FY26) - 11.5% growth
- Segment Profit: ₹4,173 (Q1 FY27) vs ₹2,280 (Q1 FY26)
Aerospace & Defence:
- Revenue: ₹12,273 (Q1 FY27) vs ₹8,738 (Q1 FY26) - 40.4% growth
- Segment Profit: ₹1,562 (Q1 FY27) vs ₹1,114 (Q1 FY26)
Others:
- Revenue: ₹3,925 (Q1 FY27) vs ₹3,866 (Q1 FY26)
- Segment Loss: ₹235 (Q1 FY27) vs ₹145 (Q1 FY26)
Exceptional Items
For quarter ended March 31, 2026 (Q4 FY26):
- Impact of new labor codes: ₹(647) lakhs
- Stamp duty pursuant to scheme: ₹2,650 lakhs
- Net exceptional items loss: ₹2,003 lakhs
Discontinued Operations
Pursuant to demerger of realty business effective May 1, 2025:
- Gain on demerger recognized in Q1 FY25: ₹5,35,592 lakhs
- Profit from discontinued operations in Q1 FY25: ₹5,30,753 lakhs
- No discontinued operations in current quarter
Subsidiaries and Associates
Reviewed by other auditors (3 subsidiaries):
- Total revenues: ₹3,846 lakhs
- Total net profit after tax: ₹41 lakhs
- Total comprehensive income: ₹45 lakhs
Associates and Joint Ventures (2 associates, 1 joint venture):
- Group's share of net loss after tax: ₹29 lakhs
- Total comprehensive income: ₹12,837 lakhs
Not reviewed by auditors (1 subsidiary, 1 associate):
- Not material to the Group
Subsequent Events
- On July 7, 2026, the company allotted 66,57,373 convertible warrants to JK Investors (Bombay) Limited (promoter group entity) at ₹497 per warrant on preferential basis
- Received upfront subscription of ₹124.25 per warrant (25% of issue price) aggregating ₹82.72 crore
- Each warrant convertible into one equity share of ₹10 each within 18 months of allotment
Corporate Structure
Holding Company: Raymond Limited
Subsidiaries: Pashmina Holdings Limited, Everblue Apparel Limited, Raymond Woollen Outerwear Limited, JK Maini Precision Technology Limited (including JK Talabot Limited and PT JK Maini Precision Technologies Indonesia), JK Files & Engineering Limited (including Scissors Engineering Products Limited), JK Maini Global Aerospace Limited
Associates: P.T. Jaykay Files Indonesia (including P.T. Jaykay International Indonesia), J.K. Investo Trade (India) Limited (including J.K. Helene Curtis Limited), Radha Krshna Films Limited
Joint Ventures: Raymond UCO Denim Private Limited (including UCO Raymond Denim Holding NV and share in joint venture UCO Tesatura S.r.l.)
Management Commentary
Gautam Hari Singhania, Chairman & Managing Director, stated: "Q1 FY27 was defined by healthy growth across our core Aerospace, Defence, and Precision Technology segments, maintaining resilience through the quarter. Our strategy remains clear: we are investing in high-moat sectors where our technical expertise provides a competitive edge."
Financial Position
- Company remains net debt-free with net cash surplus of ₹129 crore as of June 2026
- Exports contribute over 50% to total business