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Earnings Call Transcript

Raymond Earnings Call Transcript: Key Takeaways

Raymond reports solid Q1 FY27 growth driven by a 40.4% surge in aerospace revenue and structural benefits from the UK FTA.

Guidance and delivery
Management target Revenue 25.0% FY27
Highlights
Revenue growth13% YoY revenue growth driven by aerospace and precision engineering.
MarginsEBITDA margin at 15.9%; aerospace margins expected to stabilize at 25%.
Order bookAerospace order book stands at ₹5,960+ Cr over 10 years.
Demand visibilityStrong visibility in aerospace; automotive recovery following US tariff rollbacks.
Management confidenceHigh; emphasizing execution and structural adaptability to global trade shifts.

Growth

Revenue rose 13% YoY to ₹628 Cr; EBITDA margins improved to 15.9% due to operating leverage.

Outlook

Management maintains a 25% organic growth target for the aerospace segment.

Risks

High R&D expensing currently masks margin potential; aerospace order book visibility is long-term but execution-heavy.

Last quarter's promises, checked

Delivered

  • Guided 25% Aerospace growth → delivered 40.4% (= BEAT)
  • Guided debt-free status → delivered ₹129 Cr net cash surplus (= BEAT)
  • Guided 10% Precision segment growth → delivered 11.5% (= BEAT)

Partly delivered

  • Guided 250-350 new components/year → delivered launch of aftermarket line in Q2 (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: RAYMOND. Summary written with AI assistance from the document.

Read the document ↗

Raymond Ltd: key numbers

Share price
₹1,196.65
Market cap
₹7,967 Cr
Revenue (annual)
₹2,212 Cr
Net profit (annual)
₹5,341 Cr
P/E (TTM)
214.9×Sector 53.6×
Promoter holding
48.87%+0.00% QoQ
FII holding
7.89%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Raymond Ltd

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13:12 IST NSE
New Order Win

Raymond Bags New Order from Leading Indian Aerospace and Defence OEM

Raymond's subsidiary won an OEM tender to assemble wing and fuselage structures for an indigenous fighter aircraft. No contract value is disclosed in the filing.

From
Leading Indian Aerospace and Defence OEM (unnamed)
19:12 IST NSE
Annual General Meeting

Raymond Annual General Meeting

Raymond Limited announced an Extraordinary General Meeting (EGM) to be held on October 3, 2026. The meeting will seek shareholder approval for a preferential share warrant issuance.

19:04 IST NSE
Annual General Meeting

Raymond Annual General Meeting

Raymond Limited has called an EGM on October 3, 2026, to seek approval for a preferential issue of 33,28,686 warrants to Minerva Ventures Fund.

Value
₹214.7 Cr
17:48 IST NSE
New Order Win

Raymond Bags ₹33 Cr Order from Leading Indian Aerospace and Defence Major

Raymond's aerospace subsidiary secured new orders from a major Indian defence player. The contract represents an annual business potential of approximately ₹33 crore.

Value
₹33.00 Cr
From
Leading Indian Aerospace and Defence Major
17:38 IST BSE
Capital Structure Change

Raymond Capital Structure Change

Raymond Limited will issue 33.28 lakh convertible warrants to Minerva Ventures Fund at ₹645 per share, raising approximately ₹214.70 Crore in capital.

Value
₹214.7 Cr
Execution
18 months
16:27 IST NSE
Fund Raise

Raymond Fund Raise of ₹214.7 Cr

Raymond Limited will raise ~₹214.71 Crore through a preferential allotment of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 per warrant.

Value
₹214.7 Cr