Raymond Limited reported strong Q3 FY26 results with total income reaching INR 580 crores, an 18% increase year-over-year. The Aerospace & Defense and Precision Technology & Auto Components divisions drove growth. Raymond is expanding manufacturing and exploring new international markets and industrial sectors. Net cash surplus stood at INR 214 crores. The company anticipates continued momentum in global customer onboarding and is well-positioned for sustained growth.
Financial Performance Overview
Raymond Limited continued its growth, reporting a total income of INR 580 crores in Q3 FY26, up 18% compared to the same quarter last year. EBITDA reached INR 83 crores with a margin of 14.3%. During the 9-month period, total income was INR 1,699 crores, a 13% year-on-year increase. EBITDA for the 9-month period stood at INR 250 crores with a margin of 14.7%.
Aerospace & Defense Segment
The Aerospace & Defense business reported revenue of INR 105 crores, a 49% year-on-year increase, and an EBITDA of INR 19 crores. For the 9-month period, this segment generated revenue of INR 273 crores, up 34%, with EBITDA of INR 57 crores. Performance was driven by increased production requirements from a leading OEM and Tier 1 supplier and product portfolio expansion.
Precision Technology & Auto Components
This segment reported revenue of INR 417 crores, a 15% increase, with EBITDA of INR 57 crores. For the 9-month period, revenue was INR 1,225 crores, up 12%, and EBITDA was INR 156 crores. Margin improvement resulted from higher sales volumes and favorable product mix, including a one-time gain from a land sale in Q2 FY26.
Strategic Initiatives and Outlook
Raymond is expanding its manufacturing footprint and commissioning advanced machinery. The business is witnessing a surge in RFQ activity, especially in aero engines, landing gears, and structural component segments. The company remains debt-free with a net cash surplus of INR 214 crores as of December 2025 and anticipates continued momentum in global customer onboarding.
Growth Drivers
Key growth drivers include strong domestic consumption, structural policy reforms, and robust industrial activity in India. The company is also seeing increased sourcing from Indian suppliers by global OEMs in the aerospace sector.
Future Investments
Raymond plans to invest approximately INR 500 crores in the Aerospace segment and INR 430 crores in the Auto segment over the next 5 years, particularly in Andhra Pradesh, to expand capacity and revenue potential.
Source: BSE
