Raymond Limited witnessed a significant drop in its consolidated net profit for the fourth quarter due to a one-time exceptional loss. The company’s net profit attributable to owners plummeted by 99.2% to Rs 1.1 crore from Rs 133 crore in the same period last year, mainly because of an exceptional item outgo of about Rs 20 crore during the quarter. Despite this decline, Raymond saw an 8.1% increase in revenue to Rs 603 crore compared to the previous year’s quarter.
Operating performance for Raymond remained strong, with EBITDA rising by 37.8% to Rs 75.5 crore, and margins improving to 12.5% from 9.8%. However, a decrease in other income and higher expenses impacted the bottom line. Other income saw a sharp decline to Rs 9.6 crore from Rs 43.9 crore a year ago, while total expenses increased to Rs 587.14 crore from Rs 556.85 crore in the same period.
Raymond also reported a tax credit of Rs 7.8 crore, contrasting with a tax expense of Rs 8.8 crore in the year-ago quarter. The company highlighted that the exceptional loss of Rs 20.03 crore had a significant impact on its quarterly profitability. Looking at the full year, Raymond reported stable growth, with consolidated net profit from continuing operations reaching Rs 53.54 crore in FY26, slightly up from Rs 52.02 crore in FY25.
Revenue from continuing operations surged to Rs 2,212.1 crore from Rs 1,946.84 crore in the previous financial year. Gautam Hari Singhania, Chairman and Managing Director of Raymond, noted that FY26 saw healthy growth in the company’s core aerospace, defense, and precision technology segments, which remained resilient even in the final quarter. Singhania emphasized the company’s commitment to pursuing high-margin opportunities that drive long-term shareholder wealth.
