Raymond Ltd (NSE: RAYMOND, BSE: 500330) Shares of Raymond Ltd rose sharply on Tuesday, closing at ₹388.00, up 4.98% from the previous session. The stock experienced significant intraday volatility, hitting a 52-week low of ₹361.60 earlier in the day before a strong afternoon recovery following the release of the company’s third-quarter financial results.
Market Capitalization
As of the market close on January 27, 2026, the market capitalization of Raymond Ltd stood at approximately ₹2,583.07 crore (approx. $310 million).
Latest Quarterly Results
Raymond Ltd reported consolidated financial results for the quarter ended December 31, 2025 (Q3 FY26), characterized by top-line expansion and operational gains despite a decline in consolidated net profit.
- Total Income: ₹580 crore, an increase of 18% year-over-year compared to ₹493 crore in Q3 FY25.
- Net Profit: ₹7.1 crore, a decrease of 90.2% from ₹72.3 crore in the prior-year period. The decline was primarily attributed to a one-time exceptional charge of ₹14 crore related to the implementation of new labor codes.
- EBITDA: ₹83 crore, up 27% year-over-year.
- EBITDA Margin: 14.3%, representing a 100 basis point expansion from 13.3% in the same quarter last year.
Segment Highlights:
- Aerospace & Defense: Revenue rose 49% to ₹105 crore, driven by increased production for global OEMs.
- Precision Technology & Auto Components: Revenue grew 15% to ₹417 crore.
- Net Debt: The company remains net-debt free with a cash surplus of ₹214 crore.
Business & Operations Update
The company confirmed the continued scaling of its Engineering division, which has transitioned toward the production of sophisticated subsystems and complex precision components for export partners. Operationally, the company is ramping up its Aerospace division to meet rising production requirements from Tier-1 aircraft engine manufacturers. Additionally, the group is executing a ₹1,200 crore investment commitment in Andhra Pradesh to further bolster its manufacturing footprint.
M&A or Strategic Moves
Following the successful demerger of its Lifestyle and Real Estate businesses into independent listed entities, Raymond Ltd.’s current structure is focused on Engineering, Aerospace, and Defense. On January 8, 2026, the company disclosed a pledge of 5,00,000 shares (0.75% of share capital) to Bajaj Finance Limited as collateral for group-level credit facilities. No new acquisitions were announced during the Q3 board meeting.
During the Q3 FY26 earnings call, the management of Raymond Ltd provided specific forward-looking guidance for its Engineering and Aerospace businesses. The following targets were highlighted as part of the group’s long-term “Engineering 2.0” strategy:
Aerospace Revenue and Growth Targets
The Aerospace & Defense segment is positioned as the primary growth engine for the standalone entity.
- FY27 Revenue Target: Management reiterated its objective to maintain a 25% CAGR for the aviation components business.
- Scaling Ambition: The company aims to double its aerospace revenue over the next 4–5 years, supported by a committed annual capital expenditure (Capex) of ₹100 crore.
Margin Guidance: Management has set a long-term EBITDA margin target of 22%–25% for the aerospace division, citing higher value-addition in critical engine components and structural parts.