Raymond Q2 results, quarter to Sep 2026

NSE: RAYMONDBSE: 500330Industrial ManufacturingSmall Cap

Raymond Limited · Face value ₹10 · Listed Dec 1959 on BSE, Oct 1995 on NSE

₹1,101.90₹41.80 (3.94%)BSE ₹1,103.05

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,060.10.

29 Oct: open ₹1,062.00, high ₹1,110.00, low ₹1,015.00

52-week range of traded prices to 29 Oct 2026

₹320.00Low, 30 Mar 2026₹1,339.00High, 6 Oct 2026

Under NSE's long-term additional surveillance, stage I, on the list for 29 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.

Market cap: ₹7,336 Cr982nd largest listed
P/E: 152.70
P/E without one-offs: 89.40
P/B: 2.32
Dividend yield: Nonein the last 12 months
ROE: 1.5%
ROE without one-offs: 2.6%
ROCE: 3.0%
Debt to equity: 0.30
Volume, NSE: 11,24,42222.3% delivered

Raymond filed its Q2 results for the quarter to Sep 2026 on 27 Oct 2026 at 4:30 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.Raymond annual results and balance sheet

Revenue: ₹655 Cr+24.2% on a year ago · +8.2% on the quarter before
Operating profit: ₹75 Cr+74.1% on a year ago · −2.6% on the quarter before
Net profit: ₹32 Cr+130.8% on a year ago · +3.9% on the quarter before
Earnings per share: ₹3.36+96.5% on a year ago · +6.7% on the quarter before
Operating margin: 11.5%
Net margin: 4.9%

From revenue to net profit, ₹ crore

Revenue655
Materials and goods−219
Employee costs−122
Other expenses−239
Operating profit75
Depreciation−40
Other income+28
Finance costs−22
Profit before tax42
Tax−11
Joint ventures+0.7
Net profit32

Raymond results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021Q3Filed 25 Jan	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1Filed 11 Aug	Sep 2023	Dec 2023Q3Filed 1 Feb	Mar 2024	Jun 2024Q1	Sep 2024Filed 4 Nov	Dec 2024Q3	Mar 2025Q4Filed 12 May	Jun 2025Q1Filed 6 Aug	Sep 2025Q2	Dec 2025Q3Filed 27 Jan	Mar 2026Q4Filed 5 May	Jun 2026Q1Filed 7 Aug	Sep 2026Q2Filed 27 Oct
Revenue from operations	1,843	1,958	1,728	2,168	2,168	2,150	1,771	2,253	2,386	2,609	938	1,045	954	557	524	528	557	603	606	655
	1,568	1,674	1,520	1,833	1,849	1,813	1,575	1,939	2,024	2,173	836	929	816	503	468	484	497	527	528	580
Materials and goods bought	701	667	563	811	825	800	688	820	454	613	491	−33	487	218	187	175	193	196	200	219
Employee costs	227	247	243	256	262	264	284	284	291	301	120	128	129	94	100	103	107	108	114	122
Other expenses	641	759	714	767	762	749	602	835	1,279	1,258	225	834	200	190	181	207	197	223	214	239
Operating profit before depreciation	275	284	208	335	319	337	197	315	362	436	101	116	138	55	56	43	60	75	77	75
Operating margin	14.9%	14.5%	12.1%	15.4%	14.7%	15.7%	11.1%	14.0%	15.2%	16.7%	10.8%	11.1%	14.5%	9.8%	10.7%	8.2%	10.8%	12.5%	12.8%	11.5%
Depreciation and amortisation	60	59	58	58	58	62	60	65	70	88	39	40	42	37	39	38	38	37	38	40
Other income	27	74	26	23	31	42	55	67	64	80	61	56	31	44	31	36	23	10	22	28
Finance costs	57	57	59	63	70	64	79	89	104	104	31	29	28	17	19	22	21	23	20	22
Profit before one-off items and tax	186	242	117	237	222	253	112	227	252	324	92	103	100	45	30	19	24	25	42	42
One-off items	−2	−111	0	−10	−5	−93	−9	−23	0	−11	0	0	0	0	0	−167	−14	−20	0	0
Profit before tax	184	131	117	227	218	160	103	204	252	313	92	103	100	45	30	−148	10	5	42	42
	−83	−132	37	71	116	−23	27	51	63	83	22	30	20	9	8	−162	3	−8	10	11
Current tax	−47	−35	24	48	−70	7	26	55	60	61	27	23	26	22	4	14	−4	4	6	5
Deferred tax	−36	−98	12	23	186	−30	1	−4	3	22	−5	7	−6	−13	3	−176	7	−12	4	6
Tax rate	−44.9%	−101.3%	31.2%	31.2%	53.3%	−14.4%	25.9%	24.8%	24.8%	26.4%	23.5%	29.1%	19.9%	19.7%	25.1%	–	29.5%	−145.1%	25.2%	25.3%
Share of profit of joint ventures and associates	0	2	1	6	−5	13	990	8	−4	−1	−13	−14	−7	−10	−2	0	0	−1	0	1
Profit from discontinued businesses	–	–	–	–	–	–	–	–	–	–	7,310	–	–	112	5,308	–	–	–	–	–
	267	265	82	162	97	196	1,067	161	185	230	7,367	59	72	137	5,328	14	7	12	31	32
Belonging to the company's shareholders	100	263	81	159	95	194	1,065	160	185	230	7,366	59	72	133	5,325	11	4	1	21	22
Belonging to outside owners of subsidiaries	–	2	1	3	2	2	1	1	–	–	0	–	0	5	3	3	4	11	10	10
Other comprehensive income	5	−5	9	−1	22	1	31	7	−4	7	62	54	−21	−58	66	585	−109	−303	204	−18
Total comprehensive income	272	260	91	161	118	197	1,098	168	181	236	7,429	113	51	79	5,394	599	−102	−292	235	15
Net margin	14.5%	13.5%	4.7%	7.5%	4.5%	9.1%	60.2%	7.2%	7.8%	8.8%	–	5.6%	7.6%	–	–	2.6%	1.3%	2.0%	5.1%	4.9%
Net margin without joint ventures and associates	14.5%	13.4%	4.7%	7.2%	4.7%	8.5%	4.3%	6.8%	7.9%	8.8%	–	7.0%	8.4%	–	–	2.7%	1.3%	2.2%	5.1%	4.8%
Earnings per share	₹15.06	₹39.55	₹12.15	₹23.86	₹14.25	₹29.19	₹160.01	₹24.01	₹27.57	₹34.45	₹1,106.88	₹9.02	₹10.84	₹20.00	₹800.16	₹1.71	₹0.54	₹0.17	₹3.15	₹3.36
Diluted earnings per share	₹15.06	₹39.55	₹12.15	₹23.86	₹14.25	₹29.19	₹160.01	₹24.01	₹27.57	₹34.45	₹1,100.16	₹9.01	₹10.81	₹20.00	₹800.16	₹1.71	₹0.54	₹0.17	₹3.15	₹3.13

Earnings per share in rupees, restated for later splits and bonuses. Net margin is left blank for Jun 2024, Mar 2025 and Jun 2025: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

The quarters either side of a change of basis do not compare. From the quarter to Jun 2024, the company reports the part of the business demerged on 11 Jul 2024 as discontinued, and figures before the change include it. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹1,947 Cr, differs from its quarters added, ₹3,494 Cr.

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.Raymond segment results by year

Precision technology and auto component
Revenue, ₹ crore
417
442
444
471
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
38
48
42
40
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Aerospace and defence
Revenue, ₹ crore
87
81
105
119
123
139
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
11
7
9
21
16
19
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Other
Revenue, ₹ crore
2
2
31
30
33
29
39
38
35
42
39
46
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
−2
−3
−3
−3
−3
1
−1
−2
0
0
−2
−2
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26

₹ crore	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue of all businesses	2,500	2,734	938	1,045	954	1,324	662	528	557	603	606	656
Company revenue, as in its results	2,386	2,609	938	1,045	954	557	524	528	557	603	606	655
Revenue	–	–	–	–	–	–	–	–	417	442	444	471
Profit	–	–	–	–	–	–	–	–	38	48	42	40
Margin	–	–	–	–	–	–	–	–	9.0%	10.8%	9.4%	8.6%
Assets	–	–	–	–	–	–	–	–	1,456	1,470	1,498	1,570
Liabilities	–	–	–	–	–	–	–	–	415	424	445	462
Capital employed	–	–	–	–	–	–	–	–	1,041	1,045	1,053	1,108
Revenue	–	–	–	–	–	–	87	81	105	119	123	139
Revenue growth	–	–	–	–	–	–	–	–	–	–	40.5%	72.0%
Profit	–	–	–	–	–	–	11	7	9	21	16	19
Profit growth	–	–	–	–	–	–	–	–	–	–	40.2%	156.2%
Margin	–	–	–	–	–	–	12.7%	8.9%	9.0%	17.4%	12.7%	13.3%
Assets	–	–	–	–	–	–	860	781	793	869	887	922
Liabilities	–	–	–	–	–	–	81	112	112	125	113	126
Capital employed	–	–	–	–	–	–	779	669	681	744	774	796
Revenue	2	2	31	30	33	29	39	38	35	42	39	46
Revenue growth	–	–	–	–	–	–	–	–	–	43.3%	1.5%	21.5%
Profit	−2	−3	−3	−3	−3	1	−1	−2	0	0	−2	−2
Margin	−123.4%	−153.5%	−8.3%	−9.2%	−9.1%	1.7%	−3.8%	−4.6%	−1.0%	−0.1%	−6.0%	−4.7%
Assets	35	33	95	96	95	98	103	108	103	111	118	125
Liabilities	6	5	32	35	33	32	35	40	45	47	54	63
Capital employed	29	29	62	61	63	66	67	68	59	64	64	62
Revenue	–	–	–	–	–	–	398	409	–	–	–	–
Profit	–	–	–	–	–	–	23	37	–	–	–	–
Margin	–	–	–	–	–	–	5.7%	9.0%	–	–	–	–
Assets	–	–	–	–	–	–	1,522	1,495	–	–	–	–
Liabilities	–	–	–	–	–	–	403	409	–	–	–	–
Capital employed	–	–	–	–	–	–	1,119	1,086	–	–	–	–
Revenue	–	–	–	–	–	–	138	–	–	–	–	–
Profit	–	–	–	–	–	–	5,374	–	–	–	–	–
Margin	–	–	–	–	–	–	3,907.4%	–	–	–	–	–
Assets	–	–	–	–	–	–	5	–	–	–	–	–
Liabilities	–	–	–	–	–	–	0	–	–	–	–	–
Capital employed	–	–	–	–	–	–	5	–	–	–	–	–
Revenue	109	114	110	111	91	115	–	–	–	–	–	–
Revenue growth	20.3%	11.0%	–	–	–	–	–	–	–	–	–	–
Profit	22	25	19	19	11	20	–	–	–	–	–	–
Profit growth	64.3%	33.0%	–	–	–	–	–	–	–	–	–	–
Margin	20.1%	21.5%	17.1%	17.0%	11.5%	17.4%	–	–	–	–	–	–
Assets	222	228	227	240	239	272	–	–	–	–	–	–
Liabilities	96	105	109	106	90	94	–	–	–	–	–	–
Capital employed	126	123	119	134	149	179	–	–	–	–	–	–
Revenue	108	119	89	108	107	122	–	–	–	–	–	–
Revenue growth	−8.5%	3.2%	–	–	–	–	–	–	–	–	–	–
Profit	3	7	1	−1	2	9	–	–	–	–	–	–
Profit growth	−69.4%	−19.8%	–	–	–	–	–	–	–	–	–	–
Margin	3.0%	5.5%	1.5%	−0.5%	1.9%	7.0%	–	–	–	–	–	–
Assets	207	212	226	224	215	199	–	–	–	–	–	–
Liabilities	91	95	108	96	101	114	–	–	–	–	–	–
Capital employed	117	117	117	127	114	86	–	–	–	–	–	–
Revenue	–	–	220	225	235	292	–	–	–	–	–	–
Profit	–	–	7	2	11	23	–	–	–	–	–	–
Margin	–	–	3.3%	1.1%	4.7%	8.0%	–	–	–	–	–	–
Assets	–	–	1,830	1,838	1,814	1,857	–	–	–	–	–	–
Liabilities	–	–	238	243	235	240	–	–	–	–	–	–
Capital employed	–	–	1,592	1,595	1,579	1,618	–	–	–	–	–	–
Revenue	–	–	–	–	–	766	–	–	–	–	–	–
Profit	–	–	–	–	–	112	–	–	–	–	–	–
Margin	–	–	–	–	–	14.6%	–	–	–	–	–	–
Assets	–	–	–	–	–	3,450	–	–	–	–	–	–
Liabilities	–	–	–	–	–	2,183	–	–	–	–	–	–
Capital employed	–	–	–	–	–	1,267	–	–	–	–	–	–
Revenue	439	677	488	571	488	–	–	–	–	–	–	–
Revenue growth	50.3%	134.3%	–	–	–	–	–	–	–	–	–	–
Profit	94	168	83	109	113	–	–	–	–	–	–	–
Profit growth	31.3%	148.6%	–	–	–	–	–	–	–	–	–	–
Margin	21.5%	24.7%	17.0%	19.1%	23.1%	–	–	–	–	–	–	–
Assets	1,731	2,072	2,018	2,371	2,575	–	–	–	–	–	–	–
Liabilities	946	1,332	1,285	1,649	1,805	–	–	–	–	–	–	–
Capital employed	785	740	733	721	770	–	–	–	–	–	–	–
Revenue	909	920	–	–	–	–	–	–	–	–	–	–
Revenue growth	0.7%	2.0%	–	–	–	–	–	–	–	–	–	–
Profit	177	174	–	–	–	–	–	–	–	–	–	–
Profit growth	3.2%	−3.6%	–	–	–	–	–	–	–	–	–	–
Margin	19.5%	18.9%	–	–	–	–	–	–	–	–	–	–
Assets	2,124	2,155	–	–	–	–	–	–	–	–	–	–
Liabilities	1,158	1,149	–	–	–	–	–	–	–	–	–	–
Capital employed	966	1,006	–	–	–	–	–	–	–	–	–	–
Revenue	437	409	–	–	–	–	–	–	–	–	–	–
Revenue growth	20.3%	23.2%	–	–	–	–	–	–	–	–	–	–
Profit	29	9	–	–	–	–	–	–	–	–	–	–
Profit growth	27.2%	−70.8%	–	–	–	–	–	–	–	–	–	–
Margin	6.6%	2.3%	–	–	–	–	–	–	–	–	–	–
Assets	1,406	1,498	–	–	–	–	–	–	–	–	–	–
Liabilities	1,015	1,052	–	–	–	–	–	–	–	–	–	–
Capital employed	391	446	–	–	–	–	–	–	–	–	–	–
Revenue	281	280	–	–	–	–	–	–	–	–	–	–
Revenue growth	−0.3%	−8.3%	–	–	–	–	–	–	–	–	–	–
Profit	26	26	–	–	–	–	–	–	–	–	–	–
Profit growth	26.9%	68.5%	–	–	–	–	–	–	–	–	–	–
Margin	9.2%	9.2%	–	–	–	–	–	–	–	–	–	–
Assets	751	791	–	–	–	–	–	–	–	–	–	–
Liabilities	448	470	–	–	–	–	–	–	–	–	–	–
Capital employed	303	321	–	–	–	–	–	–	–	–	–	–
Revenue	214	213	–	–	–	–	–	–	–	–	–	–
Revenue growth	10.1%	13.8%	–	–	–	–	–	–	–	–	–	–
Profit	14	15	–	–	–	–	–	–	–	–	–	–
Profit growth	21.4%	49.7%	–	–	–	–	–	–	–	–	–	–
Margin	6.4%	7.0%	–	–	–	–	–	–	–	–	–	–
Assets	679	681	–	–	–	–	–	–	–	–	–	–
Liabilities	252	248	–	–	–	–	–	–	–	–	–	–
Capital employed	427	434	–	–	–	–	–	–	–	–	–	–
	–	0	–	–	–	–	–	–	–	–	–	–
Profit	–	0	–	–	–	–	–	–	–	–	–	–
Assets	–	1,784	–	–	–	–	–	–	–	–	–	–
Liabilities	–	215	–	–	–	–	–	–	–	–	–	–
Capital employed	–	1,570	–	–	–	–	–	–	–	–	–	–
	0	0	–	0	–	0	0	0	0	0	0	0
Profit	2	3	–	0	–	0	0	0	0	0	0	0
Assets	−325	−359	–	−4	–	−7	−6	−23	−6	−3	−2	−4
Liabilities	−333	−370	–	0	–	−7	−6	−23	−6	−3	−2	−4

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

Raymond results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Precision technology and auto component

Aerospace and defence

Other