Raymond Limited reported a steady performance for FY26, with total income reaching INR 2,312 crores, a 10% year-on-year growth. The company’s focus on high-tech aerospace and precision engineering segments continues to yield robust results, anchored by a strong order book and strategic capacity expansion. Despite global logistical challenges, the firm remains debt-free, maintaining a net cash surplus of INR 68 crores as of March 2026 to support its ambitious growth trajectory.
Financial Performance Overview
For the financial year 2026, Raymond Limited delivered a resilient performance, with total income rising to INR 2,312 crores, compared to INR 2,105 crores in FY25. While Q4 FY26 EBITDA stood at INR 85 crores with a margin of 13.9%, the full-year EBITDA was INR 335 crores. The company successfully maintained its debt-free status, supported by a net cash surplus of INR 68 crores.
Segmental Highlights
The Aerospace and Defense business emerged as a key growth driver, reporting INR 392 crores in full-year revenue, representing a significant 26% year-on-year growth. The Precision Technology & Auto Components division also performed strongly, contributing INR 1,667 crores to the total revenue, a 10% increase over the previous year.
Strategic Outlook and Capital Expenditure
Raymond Limited is embarking on a transformative INR 930 crore capital expenditure program over the next 5 years to meet surging international demand. This includes INR 500 crores dedicated to scaling the Aerospace capacity and INR 430 crores for Precision Technology. A new greenfield facility in Andhra Pradesh, slated for commissioning in the second half of FY28, is central to this expansion strategy.
Future Growth Strategy
The company continues to pivot toward high-value, complex subsystem manufacturing, moving beyond traditional build-to-print services to design-led collaborations with global OEMs. Management emphasized a 25% year-on-year growth target for the aerospace business, supported by a robust order pipeline and the deepening of supply chain integration. The shift towards hybrid and electric vehicle components in the auto segment is also expected to provide a sustainable competitive advantage in international markets.
Source: BSE
