Raymond Limited announced its audited financial results for the year ended March 31, 2026. The company achieved a 10% year-on-year growth in total income, reaching ₹2,312 crore. With annual EBITDA remaining stable at ₹335 crore, Raymond continues to demonstrate operational resilience in its core segments. The company maintains a strong financial position, remaining net debt-free with a net cash surplus of ₹68 crore as of the fiscal year-end.
Full Year Financial Growth
For the financial year ended March 31, 2026, Raymond Limited recorded a total income of ₹2,312 crore, a significant 10% increase compared to ₹2,105 crore in the previous fiscal year. Despite market challenges, the company maintained an annual EBITDA of ₹335 crore. The financial performance reflects a solid growth trajectory, anchored by strong demand in the company’s core engineering businesses.
Segmental Performance Highlights
The company’s performance was driven primarily by its two core verticals in the engineering space. The Precision Technology & Auto Components division delivered a strong annual performance, generating ₹1,667 crore in revenue and ₹223 crore in EBITDA, representing a 34% growth in segmental EBITDA. Additionally, the Aerospace & Defense division contributed ₹392 crore in revenue for the year, achieving 26% revenue growth and 25% EBITDA growth. These segments have benefited from increased global demand and a strategic shift toward domestic production of sophisticated subsystems.
Strategic Business Transformation
The financial year was also marked by significant structural changes, including the successful completion of the Real Estate business demerger, which became effective on May 1, 2025. Furthermore, the company successfully executed a scheme of arrangement involving its engineering subsidiaries, streamlining operations and transferring the aerospace business to JK Maini Global Aerospace Limited. These strategic corporate actions have optimized the organizational structure and focused the business on high-growth, high-moat sectors.
Balance Sheet and Outlook
Raymond Limited continues to maintain a robust balance sheet, ending the year net-debt-free. With a reported net cash surplus of ₹68 crore, the company is well-positioned to fund future organic and inorganic growth opportunities. Management remains focused on scaling production to meet global demand and pursuing high-margin opportunities to drive long-term shareholder value.
Source: BSE
