Raymond Limited’s engineering business, comprising JK Maini Precision Technology Ltd. (JKMPTL) and JK Maini Global Aerospace Limited (JKMGAL), reports strong performance for Q2 and H1 FY26. Consolidated revenue reached ₹564 Cr in Q2, a 10% increase YoY, and ₹1,119 Cr in H1, an 11% increase YoY. The company remains net-debt free, demonstrating financial stability and growth in key sectors like aerospace, defense, and auto components.
Financial Highlights
Raymond Limited’s engineering segment showcased robust financial results for both the second quarter (Q2) and the first half (H1) of fiscal year 2026.
Q2 FY26:
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Consolidated Revenue: ₹564 Cr (up 10% year-over-year)
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EBITDA: ₹79 Cr, with a margin of 14.1%
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Aerospace & Defence Revenue: ₹81 Cr (up 15% year-over-year)
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Precision Tech & Auto Revenue: ₹409 Cr (up 10% year-over-year)
H1 FY26:
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Consolidated Revenue: ₹1,119 Cr (up 11% year-over-year)
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EBITDA: ₹167 Cr, with a margin of 14.9%
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Aerospace & Defence Revenue: ₹168 Cr (up 26% year-over-year)
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Precision Tech & Auto Revenue: ₹808 Cr (up 11% year-over-year)
Aerospace & Defence Business
The Aerospace & Defence segment continues its growth trajectory, driven by increased production and newly developed components. The company is a leading exporter of critical aero engine components.
Precision Technology & Auto Components Business
The Precision Technology & Auto Components segment benefits from strong demand for hybrid products in Europe and robust domestic demand in the Tools & Hardware business. The segment’s focus on engineering and manufacturing excellence has solidified customer relationships and fostered product development capabilities.
Strategic Developments
The engineering business restructuring was approved, creating JK Maini Precision Technology Ltd. and JK Maini Global Aerospace Ltd. This move enhances focus and operational efficiency.
Outlook
Raymond Limited remains committed to strategic business expansion, and is well positioned to capitalize on upcoming opportunities. The company remains net cash surplus.
Source: BSE
