Raymond Q4 results: Cons PAT falls 91% YoY to Rs 12 crore despite 8% revenue uptick

Raymond on Tuesday reported a consolidated net profit of Rs 12 crore in the March-ended quarter versus Rs 137 crore in the year-ago period, implying a 91% fall. The company's revenue from operations in Q4FY26 was up 8% to Rs 603 crore versus Rs 557 crore posted by the company in the corresponding quarter of the previous financial year.

However, the profit after tax (PAT) jumped 68% sequentially from Rs 7 crore in Q3FY26, while the topline was up 8% on a quarter-on-quarter basis versus Rs 557 crore.

PAT attributable to the owners of the company stood at Rs 1.13 crore.


The company, which has business interests in the aerospace & defence sector, reported Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of Rs 85 crore, which was 14% lower from Rs 99 crore reported in the year-ago period.

The EBITDA margin also dropped YOY and QoQ to 13.9% in Q4FY26 versus 14.3% in Q3FY26 and 16.4% in Q2FY25.

The company's full-year performance highlights a stronger growth trajectory. FY26 total income reached Rs 2,312 crore, up 9.8% from Rs 2,105 crore in FY25. Annual EBITDA remained stable and flat at Rs 335 crore with an EBITDA margin of 14.5% in FY26 versus an EBITDA of Rs 335 crore with an EBITDA margin of 15.9% in FY25.

Although margins experienced a compression due to lower non-operating income, the core business remains fundamentally robust.

The company, in its filing to the exchanges, said this performance was anchored by the aerospace & defence and precision technology & auto components
divisions. In the aerospace & defence division, it capitalised on the shift toward domestic production of sophisticated subsystems, securing a high-value pipeline for global Tier-1 partners. Similarly, the precision technology & auto components division saw healthy growth in export of critical components for the hybrid sector, ensuring healthy operational momentum across the group.

Also read: M&M Q4 Results: Standalone PAT jumps 53% YoY to Rs 3,737 crore; Rs 33/share dividend declared

Management commentary

Commenting on the performance, Chairman & Managing Director Gautam Hari Singhania said FY26 was defined by healthy growth across its core aerospace, defence, and precision technology segments, maintaining resilience even through the final quarter. "Our strategy remains clear: we are investing in high-moat sectors where our technical expertise provides a competitive edge. As our subsidiaries continue to deliver strong operational results, our priority is now to scale at pace with global demand. We remain steadfast in our pursuit of high-margin opportunities that drive long-term shareholder wealth," Singhania.

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