Financial Performance Summary

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Total Income: ₹683 Cr vs ₹564 Cr, up 21% YoY
  • EBITDA: ₹103 Cr vs ₹79 Cr, up 30% YoY
  • EBITDA Margin: 15.1% vs 14.1%
  • PBT (before exceptional items): ₹42 Cr vs ₹19 Cr, up 117% YoY
  • PBT Margin (before exceptional items): 6.1% vs 3.4%

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Total Income: ₹1,311 Cr vs ₹1,119 Cr, up 17% YoY
  • EBITDA: ₹203 Cr vs ₹167 Cr, up 22% YoY
  • EBITDA Margin: 15.5% vs 14.9%
  • PBT (before exceptional items): ₹84 Cr vs ₹50 Cr, up 69% YoY
  • PBT Margin (before exceptional items): 6.4% vs 4.4%

Note: Q2 & H1 FY26 EBITDA includes a one-time gain of ~₹13 Cr from sale of land

Segment-wise Performance Q2 FY27

| Segment | Revenue (₹ Cr) | YoY Growth | EBITDA (₹ Cr) | YoY Growth | EBITDA Margin |

| Precision Technology & Auto Components | 471 | 15% | 61 | 8%* | 13.0% |

| Aerospace & Defence | 139 | 72% | 29 | 72% | 21.0% |

| Others | 73 | 0% | 13 | 141% | N/A |

| Total | 683 | 21% | 103 | 30% | 15.1% |

EBITDA growth for Precision Technology & Auto Components was 39% on like-to-like basis excluding one-time gain of ~₹13 Cr in Q2 FY26

Segment Details

Aerospace & Defence Business:

  • Achieved all-time high revenue of ₹139 Cr in Q2 FY27, up 72% YoY
  • EBITDA surged 72% to ₹29 Cr while maintaining 21% EBITDA margin
  • Performance driven by ramped-up production for global OEMs and expanded product portfolio
  • Ongoing ~₹510 Cr greenfield capacity expansion in Andhra Pradesh
  • Expanding footprint in high-precision aerospace sector

Precision Technology & Auto Components:

  • Revenue of ₹471 Cr in Q2 FY27, up 15% YoY
  • EBITDA grew 39% on like-to-like basis to ₹61 Cr (excluding one-time gain)
  • EBITDA margin of 13.0% supported by volume ramp-up and cost optimization
  • Capitalizing on 'China Plus One' tailwinds with global footprint expansion
  • Ongoing ~₹430 Cr greenfield manufacturing expansion in Andhra Pradesh plus brownfield capacity acceleration

Financial Position

  • Company remains net debt-free with net cash surplus of ₹77 Cr as of September 2026
  • Financial flexibility to fund future organic and inorganic growth opportunities

Management Commentary

Gautam Hari Singhania, Chairman & Managing Director, stated: \"Our strong double-digit growth across Q2 and H1 FY27 highlights the compounding momentum of our pure-play engineering platform. Driven by exceptional execution in our Aerospace & Defence and Precision Technology segments, and with our Andhra Pradesh facility progressing firmly on schedule, we are consistently converting our robust order book into sustainable, high-margin value for our shareholders.\"

Business Overview

Raymond Limited now operates as a pure-play engineering company with two core verticals:

1. Precision Technology & Auto Components

2. Aerospace & Defence

  • Serves global customer base across 90+ countries
  • Exports contribute over 65% of total business
  • Leadership position in manufacturing files and hand tools

Expansion Projects

  • Total ongoing capital expansion of ~₹940 Cr (₹510 Cr for Aerospace + ₹430 Cr for Precision Technology)
  • Greenfield capacity expansion in Andhra Pradesh for both segments
  • Brownfield capacity acceleration for Precision Technology & Auto Components

Note on Results

  • Results are unaudited for the quarter ended September 30, 2026
  • Raymond Limited now includes two subsidiaries: Aerospace & Defence, and Precision Technology & Auto Components