Raymond Q4 Results: Gautam Singhania-led firm net profit falls 53%; Revenue rises 8% — Check full results

Raymond Limited reported its unaudited financial results for the quarter and year ended March 31, 2026, showing an increase in total income for FY26, while annual profitability remained flat.

Total income for FY26 stood at Rs 2,312 crore compared with Rs 2,105 crore in FY25, registering a growth of about 10 per cent year-on-year. EBITDA for the full year was unchanged at Rs 335 crore. EBITDA margin declined to 14.5 per cent in FY26 from 15.9 per cent in FY25.

The company said it remained net debt-free during the year and ended FY26 with a net cash surplus of Rs 68 crore.

Commenting on the performance, Gautam Hari Singhania said, "FY26 was defined by healthy growth across our core Aerospace, Defence, and Precision Technology segments, maintaining resilience even through the final quarter."

"Our strategy remains clear: we are investing in high-moat sectors where our technical expertise provides a competitive edge. As our subsidiaries continue to deliver strong operational results, our priority is now to scale at pace with global demand. We remain steadfast in our pursuit of high-margin opportunities that drive long-term shareholder wealth," he said.

The company said it continues to focus on expanding its presence in global markets and sectors while maintaining operational efficiency and financial flexibility.

Raymond Limited Q4 performance

For the March quarter, total income stood at Rs 613 crore compared with Rs 601 crore in the corresponding period of the previous year, reflecting a growth of about 2 per cent. Revenue from operations in Q4 FY26 was Rs 603 crore, higher than Rs 557 crore reported in both Q3 FY26 and Q4 FY25.

Quarterly EBITDA came in at Rs 85 crore compared with Rs 99 crore in Q4 FY25, registering a decline of about 14 per cent. EBITDA margin for the quarter stood at 13.9 per cent against 16.4 per cent a year ago.

Profit before tax, before exceptional items, was Rs 25 crore in Q4 FY26 compared with Rs 45 crore in Q4 FY25, down about 43 per cent. For the full year, PBT stood at Rs 99 crore compared with Rs 123 crore in FY25.

Raymond posted a 53 per cent decline in its consolidated profit after tax to Rs 11.93 crore in the latest March quarter, compared to Rs 25.42 crore a year back. Revenue from operations rose 8.15 per cent YoY to Rs 602.91 crore.

Margins and business outlook

The company said margins were impacted due to lower non-operating income, while the core business performance remained stable.

During the year, Raymond Limited operated through two subsidiaries — Aerospace and Defence, and Precision Technology and Auto Components.

Segment performance

The Aerospace and Defence business reported revenue of Rs 119 crore in Q4 FY26 compared with Rs 107 crore in Q4 FY25, up about 11.5 per cent. EBITDA for the segment rose to Rs 30 crore from Rs 27 crore in the same period last year. EBITDA margin stood at 25.5 per cent for the quarter.

For FY26, the segment reported revenue of Rs 392 crore compared with Rs 311 crore in FY25, marking a growth of 26 per cent. EBITDA increased to Rs 88 crore from Rs 70 crore in the previous year. EBITDA margin for the year stood at 22.3 per cent compared with 22.4 per cent in FY25.

The company said the segment performance was supported by increased production for global OEMs and expansion of the product portfolio. It also reported an increase in requests for quotation and ongoing discussions with global partners.

The Precision Technology and Auto Components segment reported revenue of Rs 442 crore in Q4 FY26 compared with Rs 421 crore in Q4 FY25, up about 4.9 per cent. EBITDA rose to Rs 67 crore from Rs 53 crore in the year-ago quarter. EBITDA margin improved to 15.2 per cent from 12.7 per cent.

For the full year, the segment reported revenue of Rs 1,667 crore compared with Rs 1,513 crore in FY25, registering a growth of about 10.2 per cent. EBITDA increased to Rs 223 crore from Rs 167 crore in the previous year. EBITDA margin improved to 13.4 per cent from 11 per cent.

The company said the improvement in profitability was supported by higher scale, operating leverage and an optimised product portfolio. It also included a non-recurring gain of about Rs 13 crore from a land sale in the second quarter.