Raymond Limited reported a 10% increase in total income to INR564 crores for Q2 FY26 and 11% to INR1,119 crores for H1 FY26. Aerospace and Defense and Precision Technology and Auto Components segments drove this growth. The company highlights a strategic shift towards complex precision components and sees positive momentum from the ‘China + 1’ strategy. The company maintained a net debt-free status with a surplus of INR27 crores in September 2025.
Financial Performance Overview
Raymond Limited announced steady financial results for Q2 FY26 and H1 FY26. The company’s total income for Q2 FY26 reached INR564 crores, a 10% increase compared to the same quarter last year. H1 FY26 saw total income of INR1,119 crores, an 11% year-over-year increase. EBITDA stood at INR79 crores with a margin of 14.1% for Q2 FY26.
Segmental Highlights
The Aerospace and Defense business reported revenue of INR81 crores in Q2 FY26, a 15% year-on-year growth, with an EBITDA of INR17 crores and a margin of 21%. The Precision Technology and Auto Components segment reported revenue of INR409 crores, a 10% year-on-year growth, with an EBITDA of INR57 crores and a margin of 13.9%. This segment’s EBITDA margin benefited from a one-time gain of INR13 crores.
Strategic Developments
Raymond Limited is expanding into new international geographies and industrial sectors, leveraging the ‘China + 1’ strategy. The company is actively adding capacity to meet rising international demand. OEMs and Tier 1 suppliers are increasingly sourcing from India. The company is positioned for strategic business expansion and long-term global traction.
Debt and Cash Position
Raymond Limited continues to maintain a net debt-free status with a net cash flow surplus of INR27 crores in September 2025. The total gross debt stands at INR972 crores, with cash and cash equivalents at INR999 crores as of September 30, 2025.
Outlook and Future Plans
Raymond Limited sees a positive momentum driven by global customer onboarding and expanded manufacturing capabilities. The business is experiencing increased RFQ activity in aerospace components and is actively adding capacity to scale exports and deepen global partnerships. The company expects capacity expansion in Andhra Pradesh.
Source: BSE
