Shares of fell 3.47 per cent to close at ₹442.95 on the on Tuesday after the engineering conglomerate reported a sharp decline in quarterly profit and margins for the fourth quarter and full year ended March 31, 2026.
Net profit for Q4 FY26 fell 53 per cent year-on-year to ₹12 crore, while profit before tax dropped 43 per cent to ₹25 crore.
EBITDA for the quarter declined 14 per cent to ₹85 crore, with margins contracting to 13.9 per cent from 16.4 per cent in the same period last year. Total income for Q4 grew a modest 1.8 per cent to ₹613 crore.
For the full year FY26, total income rose 10 per cent to ₹2,312 crore, though EBITDA was flat at ₹335 crore. The full-year figure included a one-time land sale gain of approximately ₹13 crore in the second quarter. PBT for the year fell 20 per cent to ₹99 crore. The company said it remains net cash surplus at ₹68 crore.
The stock, which touched a 52-week high of ₹1,603.80 in May 2025, has shed over 71 per cent in the past year and is now trading in the NIFTY SMALLCAP 500 index with a total market capitalisation of approximately ₹2,988 crore.
Raymond Limited operates two primary business segments. Its Aerospace and Defence unit — operating as JK Maini Global Aerospace Limited — posted revenue growth of 26 per cent for FY26 to ₹392 crore, with EBITDA margins holding steady at around 22-25 per cent. The Precision Technology and Auto Components segment reported 10 per cent revenue growth to ₹1,667 crore, with EBITDA margins improving to 13.4 per cent from 11 per cent a year ago.
The company is investing in a new manufacturing facility in Gudipalli, Andhra Pradesh, with a combined capex of ₹930 crore spread over five years across both segments, targeting commercial production by late 2027. The aerospace order book stands at over ₹2,350 crore over the next five years.