Raymond Reports Q2 Net Profit of ₹22.35 Crore on Revenue of ₹655 Crore

Market snapshot: Raymond Limited announced its Q2 FY27 financial results, reporting a consolidated net profit of ₹22.35 crore compared to ₹11.38 crore in Q2 FY26. Consolidated revenue from continuing operations grew to ₹655 crore from ₹527 crore in the corresponding prior-year quarter.

Data Snapshot

• Consolidated net profit reached ₹22.35 crore in Q2 FY27 compared to ₹11.38 crore in Q2 FY26, beating the consensus estimate of ₹22.1 crore.
• Revenue from operations rose 24.2% YoY to ₹655 crore in Q2 FY27 from ₹527 crore in Q2 FY26.
• EBITDA increased to ₹75.3 crore in Q2 FY27 from ₹43.25 crore in Q2 FY26, with EBITDA margin expanding by 329 basis points to 11.49% from 8.2% YoY.

What's Changed

• Net Profit: ₹22.35 crore in Q2 FY27 vs ₹11.38 crore in Q2 FY26 (up 96.4% YoY).
• Revenue: ₹655 crore in Q2 FY27 vs ₹527 crore in Q2 FY26 (up 24.2% YoY).
• EBITDA Margin: 11.49% in Q2 FY27 vs 8.2% in Q2 FY26 (up 329 bps YoY).

Key Takeaways

• Operational performance was driven by top-line growth of 24.2% YoY to ₹655 crore.
• EBITDA margin expansion of 329 basis points YoY lifted EBITDA to ₹75.3 crore.
• Consolidated net profit nearly doubled YoY to ₹22.35 crore, surpassing market estimates of ₹22.1 crore.

SAHI Perspective

Raymond's Q2 performance demonstrates solid margin expansion alongside double-digit revenue growth. The widening of EBITDA margins to 11.49% reflects operating leverage and a favorable product mix as high-margin engineering and aerospace revenues scale.

Market Implications

The strong quarterly execution strengthens earnings visibility for continuing operations. Margin expansion provides positive structural momentum as high-value manufacturing segments contribution rises.

Trading Signals

Market Bias: Bullish

Raymond's Q2 net profit expanded 96.4% YoY to ₹22.35 crore while revenue reached ₹655 crore, beating market consensus estimates on strong EBITDA margin expansion to 11.49%.

Overweight: Aerospace & Defence, Precision Engineering

Trigger Factors:

• Continued top-line growth in aerospace segment
• Execution of high-margin precision engineering orders
• Sustained EBITDA margin performance above 11%

Time Horizon: Near-term (0-3 months)

Industry Context

The precision engineering and aerospace component manufacturing sectors in India are experiencing strong structural growth, driven by defense indigenization initiatives and rising domestic component procurement.

Key Risks to Watch

• Input cost inflation in precision metals and raw materials
• Execution delays in specialized aerospace components
• Global macro volatility impacting export order flows

Recent Developments

In Q2 FY27, Raymond's aerospace and defence segment revenue rose to ₹139.36 crore from ₹61.04 crore in Q2 FY26, while precision technology revenue increased 15% YoY to ₹470.61 crore. The company has also proposed a corporate name change to Raymond Aerospace, Defence & Engineering.

Closing Insight

With consolidated net profit doubling YoY and operating margins improving by over 300 basis points, Raymond's strategic shift toward high-tech engineering and aerospace applications is delivering clear financial metrics.

High Performance Trading with SAHI.