Author: Nishtha Mehrotra | EQMint
Synopsis:
- Raymond Limited reported a 24.2% year-on-year increase in consolidated revenue to ₹655.2 crore in Q2 FY27.
- Aerospace and defence revenue surged 72%, while profit for the period from continuing operations more than doubled.
- The company also completed a promoter warrant allotment and received shareholder approval for a separate preferential warrant issue.
Raymond Limited reported strong financial growth for the quarter ended September 2026, with consolidated revenue from continuing operations rising 24.2% year-on-year to ₹655.2 crore.
Profit for the period from continuing operations increased 131% to ₹32.1 crore, while profit attributable to owners rose 96% to ₹22.4 crore. Basic earnings per share stood at ₹3.36, compared with ₹1.71 a year earlier.
Aerospace and Defence Leads Growth
The aerospace and defence segment emerged as a key growth driver, with revenue rising approximately 72% to ₹139.4 crore. Segment profit increased to ₹18.6 crore from ₹7.2 crore in the year-ago quarter.
Precision technology and auto components, the company’s largest segment, recorded revenue of ₹470.6 crore, up 15% year-on-year. The other segment reported revenue of ₹45.6 crore but continued to post a loss.
Capital Raising and Outlook
Raymond allotted approximately 66.57 lakh convertible warrants to promoter group entity JK Investors (Bombay) Limited at ₹497 per warrant. Separately, shareholders approved a preferential issue of approximately 33.29 lakh warrants to Minerva Ventures Fund at ₹645 each, subject to applicable approvals.
Investors will watch whether aerospace growth continues, margins improve and the company deploys the additional capital effectively.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/07109f18-94ff-4891-905d-33f751030e7a.pdf
Disclaimer: This article is for information purposes only and is not investment advice.
For more such information, visit EQMint
Join our WhatsApp channel for timely updates: Whatsapp
