• Event Type: Q2 and H1 FY27 Earnings Conference Call hosted by Anand Rathi.
  • Date and Time: The call was held on October 28, 2026. A specific time was not disclosed in the provided transcript.
  • Purpose: Discussion of financial results for the quarter and half year ended September 30, 2026, and a strategic business update.
  • Earnings Timing: The call was held after the earnings announcement, as it references the financial results and an investor presentation.
  • Management Participants:
  • Mr. Rakesh Tiwary – Group Chief Financial Officer
  • Mr. Gautam Maini – Managing Director, JKMGAL & Vice Chairman, JKMPTL
  • Mr. Sanjeev Sharma – Joint Managing Director & CEO, JKMPTL
  • Mr. Navin Sharma – CFO, Engineering Business
  • Mr. Salil Bawa – Group Head, Investor Relations
  • Availability of Materials: The transcript of the call was uploaded to the company's website (www.raymond.in). There was no specific mention of a presentation deck or recording being made available.
  • UPSI Statement: The document is a regulatory filing of the call transcript itself. The transcript contains no language indicating that no Unpublished Price Sensitive Information (UPSI) would be shared; instead, it contains detailed financial and operational discussions.

Financial and Strategic Highlights

  • Financial Period Discussed: Q2 FY27 (Quarter ended September 30, 2026) and H1 FY27 (Half year ended September 30, 2026).
  • Consolidated Performance (Q2 FY27):
  • Total Income: INR 683 crores (21% YoY growth)
  • EBITDA: INR 103 crores
  • EBITDA Margin: 15.1%
  • Consolidated Performance (H1 FY27):
  • Total Income: INR 1,311 crores (17% YoY growth)
  • EBITDA: INR 203 crores
  • EBITDA Margin: 15.5%
  • Segment Performance - Aerospace (JK Maini Global Aerospace Limited):
  • Q2 FY27 Revenue: INR 139 crores (72% YoY growth)
  • Q2 FY27 EBITDA Margin: 21%
  • H1 FY27 Revenue: INR 262 crores (56% YoY growth)
  • H1 FY27 EBITDA Margin: 21.1%
  • Growth was driven by the commercial ramp-up of newly commissioned capacities and higher dispatch volumes.
  • Segment Performance - Precision Tech & Auto Components (JK Maini Precision Technology Limited):
  • Q2 FY27 Revenue: INR 471 crores (15% YoY growth)
  • Q2 FY27 EBITDA: INR 61 crores
  • Q2 FY27 EBITDA Margin: 13%
  • H1 FY27 Revenue: INR 915 crores (13% YoY growth)
  • H1 FY27 EBITDA: INR 122 crores (24% YoY growth)
  • H1 FY27 EBITDA Margin: 13.4% (110 bps expansion YoY)
  • Growth was anchored by steady domestic demand and sustained export deliveries.
  • Sub-segment Breakdown (Precision Tech):
  • B2B (OEM business): ~INR 350 crores in Q2 (~17-18% YoY growth)
  • B2C (Tools & Hardware + Automotive Aftermarket): ~INR 120 crores in Q2 (low-teens YoY growth)
  • Strategic Updates:
  • Automotive Aftermarket: Business was officially launched in the quarter with an initial offering of ~800 part numbers.
  • Andhra Pradesh Expansion: The greenfield facility is on track for output by Q3 FY28. An interim brownfield facility has been set up for capacity augmentation and training, located 2-3 km from the main greenfield site.
  • Capacity Upgrade: The revenue potential of the existing aerospace facility in Bangalore has been upgraded from INR 600-650 crores to INR 700-750 crores through debottlenecking and machine additions.
  • Inorganic Growth: Management confirmed they are continuously evaluating acquisition opportunities but did not disclose specifics.
  • Name Change: The rationale for the recent company name change (from Raymond) was provided to better reflect the current engineering and aerospace business focus.

Additional Notes Section

  • The document provided is the full transcript of the earnings conference call, which was attached to the regulatory filing.
  • The transcript contains extensive financial data and strategic commentary as presented above.
  • Logistical details like dial-in numbers were part of the live call but are not the focus of this summary.