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Earnings Call Transcript

Raymond Earnings Call Transcript: Key Takeaways

Raymond delivers 21% revenue growth driven by a massive 72% jump in Aerospace, though engineering margins remain under pressure from high R&D expensing.

Guidance and delivery
Management target Revenue 25.0% FY28
Highlights
Revenue growth₹683 Cr, 21% YoY growth driven by Aerospace and Engineering.
MarginsEBITDA margin 15.1%; mix shifting toward higher-value complex sub-assemblies.
Order bookLarge backlogs in Aerospace; multiple new product wins in Auto.
Demand visibilityStrong Aerospace demand; pre-festive channel restocking supporting domestic auto components.
Management confidenceExtremely confident, highlighting technical moats and long-term Aerospace order visibility.

Growth

Revenue hit ₹683 Cr (+21% YoY); Aerospace segment exploded to ₹193 Cr, shifting the mix toward high-complexity subsystems.

Outlook

Aerospace revenue target is ₹700–750 Cr for the current facility; Andhra Pradesh Greenfield plant to start output by Q3 FY28.

Risks

R&D expensing (4% of revenue) and high raw material costs are weighing on margins; global shipping disruptions require higher safety stocks.

Source

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

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Raymond Ltd: key numbers

Share price
₹1,060.10
Market cap
₹7,057 Cr
Revenue (annual)
₹2,212 Cr
Net profit (annual)
₹5,341 Cr
P/E (TTM)
146.9×Sector 52.2×
Promoter holding
48.87%+0.00% QoQ
FII holding
7.19%Current quarter

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

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