Raymond Q2 Profit More Than Doubles To Rs 32 Cr, Revenue Rises 24%

What happened

Raymond reported profit from continuing operations of Rs 32.06 crore in the second quarter of FY27, more than double last year's Rs 13.89 crore, while revenue rose 24.2 per cent to Rs 655.16 crore, helped by aerospace and defence revenue more than doubling to Rs 139.36 crore.

Confirmed

Global impact / market context

Faster growth in the aerospace and defence business can lift Raymond's overall profit because that segment's profit rose to Rs 18.55 crore from Rs 7.24 crore, which means each rupee of sales there now contributes more to group earnings than before.

Analyst inference

The results show Raymond's revenue mix shifting: precision technology and auto components still bring the most revenue at Rs 470.61 crore, but aerospace and defence is growing much faster, which could change how investors value the company's future growth.

Analyst inference

What to watch

1. Watch whether aerospace and defence revenue keeps growing after more than doubling to Rs 139.36 crore, since a slower pace would reduce the fastest-growing part of Raymond's business. Confirmed
2. Watch whether Raymond invests more capital spending in aerospace and defence capacity, which could support future revenue but would raise costs before the extra sales arrive. Proposed
3. Watch whether profit per sale holds up as revenue grows, because segment profit before finance costs rose only to Rs 40.30 crore from Rs 36.99 crore in the largest business. Analyst inference

Evidence

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