Raymond earnings rose in the September 2026 quarter, with consolidated net profit increasing to ₹32 crore from ₹13.9 crore a year earlier. Revenue from operations climbed 24.1% to ₹655 crore.

Raymond earnings and operating margin

The results, reported on October 27, cover the second quarter of fiscal 2027. Net profit rose about 130% year over year, while revenue increased from ₹527.7 crore in the corresponding quarter of the previous fiscal year.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 74.4% to ₹75 crore from ₹43 crore. The EBITDA margin expanded to 11.5% from 8.14%, an improvement of about 336 basis points.

Proposed name change

On October 24, Raymond said its board had approved a proposal to rename the company Raymond Aerospace, Defence & Engineering Limited. The change has not been completed.

It requires shareholder approval through a special resolution, as well as relevant government, company registry and stock exchange approvals. The board also approved related amendments to the company’s memorandum and articles of association, subject to the required approvals.

Shares close higher

Raymond shares closed 2.45% higher at ₹1,081.20 on the National Stock Exchange of India on October 27, compared with the previous close of ₹1,055.30. The shares were up 155.8% for the year to date.

At the closing price, the company’s market capitalization was approximately ₹7,198 crore.

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