Raymond Limited announced its Q1 FY27 financial results, reporting a 13% year-on-year increase in total income to INR628 crore. The company’s EBITDA grew by 14% to INR100 crore. Key growth drivers included the Aerospace, Defence, and Precision Technology divisions, with significant contributions from manufacturing capabilities and an expanding order book. The company also highlighted a debt-free balance sheet and strategic initiatives for future growth.
Raymond Limited Reports Strong Q1 FY27 Performance
Raymond Limited has announced robust financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ended June 30, 2026. The company achieved a total income of INR628 crore, marking a significant 13% increase compared to the same quarter in the previous financial year (Q1 FY26). This growth underscores the company’s expanding market presence and effective strategic execution.
EBITDA Growth and Margins
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw substantial growth, rising by 14% year-on-year to INR100 crore. This resulted in an improved EBITDA margin of 15.9% in Q1 FY27, compared to 15.7% in Q1 FY26. In Q1 FY26, the total income was INR555 crore, with an EBITDA of INR87 crore. The company attributes this performance to operational efficiencies and strategic initiatives across its key business segments.
Segmental Performance Highlights
The Q1 FY27 performance was primarily anchored by the Aerospace, Defence, and Precision Technology divisions. These segments are witnessing an accelerated transition as domestic engineering vendors move towards high-complexity subsystems and precision-engineered assemblies. The company noted strong trade tailwinds, capacity expansions, and stringent qualification barriers that enhance contract stickiness and protect operating margins, providing long-term revenue visibility.
Aerospace and Defence Segment
The Aerospace and Defence business, operated by JK Maini Global Aerospace Limited (JKMGAL), reported a 40% year-on-year revenue growth to INR123 crore. The EBITDA for this segment increased by 25% to INR26 crore, with an EBITDA margin of 21.2%. This performance was driven by a major expansion in production capacity and higher revenue realization from key aerospace OEMs and Tier 1 programs. The company holds a robust 10-year order book of over INR5,960 crore and an active RFQ pipeline of INR1,632 crore.
Precision Technology and Auto Components
The Precision Technology and Auto Components segment, primarily JK Maini Precision Technology Limited (JKMPTL), reported a revenue of INR444 crore, an 11% year-on-year growth. EBITDA in this segment surged by 46% to INR61 crore, with an improved EBITDA margin of 13.8%. The top-line expansion was fueled by a ramp-up in export revenues, leading to significant operating leverage and targeted cost reduction initiatives.
Strategic Initiatives and Future Outlook
Raymond Limited is focusing on diversifying its revenue channels by capitalizing on its OEM-grade manufacturing ecosystem and contract production capabilities for critical automotive components and white-label products, with an aftermarket business scheduled for rollout in Q2 FY27. The company is also progressing on its INR1,000 crore 5-year capex plan, with INR510 crore allocated to aerospace and INR430 crore to auto. The Andhra Pradesh greenfield facility’s groundwork is on track, targeting commercial production by late 2027.
The company maintains a net debt-free position with a net cash surplus of INR129 crore as of June 2026, providing financial flexibility for future growth. Management expressed optimism about the company’s trajectory, driven by its expansion strategy in new product categories and geographies, and expects Q1 FY27 performance to serve as a solid foundation for the year ahead.
Source: BSE
