Shares of Raymond Limited declined by 3.47 percent, closing at ₹442.95 on the National Stock Exchange (NSE) on Tuesday, following the company’s report of a significant decline in quarterly profit and margins for the fourth quarter and full fiscal year that ended on March 31, 2026.
The net profit for the fourth quarter of FY26 plummeted 53 percent year-on-year to ₹12 crore, while profit before tax fell by 43 percent to ₹25 crore. The company’s EBITDA for the quarter decreased by 14 percent to ₹85 crore, leading to a contraction in margins to 13.9 percent, down from 16.4 percent in the same period last year. Total income for Q4 experienced a modest growth of 1.8 percent, reaching ₹613 crore.
For the entire fiscal year FY26, total income rose by 10 percent to ₹2,312 crore, though EBITDA remained flat at ₹335 crore. This annual figure included a one-time gain from a land sale estimated at ₹13 crore in the second quarter. Profit before tax for the year decreased by 20 percent to ₹99 crore. The company reported a net cash surplus of ₹68 crore.
The stock, which previously reached a 52-week high of ₹1,603.80 in May 2025, has lost over 71 percent of its value in the past year and is currently listed in the Nifty Smallcap 500 index with a total market capitalization of approximately ₹2,988 crore.
Raymond Limited operates primarily through two business segments. The Aerospace and Defence division, functioning as JK Maini Global Aerospace Limited, achieved a revenue growth of 26 percent for FY26, totaling ₹392 crore, while maintaining EBITDA margins in the range of 22-25 percent. The Precision Technology and Auto Components sector reported a 10 percent increase in revenue to ₹1,667 crore, with EBITDA margins improving to 13.4 percent from the previous year’s 11 percent.
The company is allocating funds for a new manufacturing facility in Gudipalli, Andhra Pradesh, with a combined capital expenditure of ₹930 crore over a five-year period across both segments, aiming to commence commercial production by late 2027. The aerospace division has secured an order book worth over ₹2,350 crore for the next five years.
Published on May 5, 2026.
