Raymond Ltd. delivered strong quarterly results for the March quarter, with revenue growing 8.2% year-on-year to ₹603 crore, compared to ₹557.2 crore in the previous year. According to reports from CNBC TV18, the company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 26.2% year-on-year to ₹75.7 crore. The company's EBITDA margin expanded by 200 basis points from the previous quarter, demonstrating improved operational efficiency.
Raymond's Aerospace & Defence division capitalized on the shift towards domestic production and sophistication of subsystems, securing a high-value pipeline for global tier-1 partners. As reported by CNBC TV18, the overall performance received a boost due to increased production for leading global OEMs and product portfolio expansion. Chairman & Managing Director Gautam Hari Singhania emphasized the company's strategy of investing in high-moat sectors where technical expertise provides competitive advantage.
Despite the positive financial results, Raymond's stock fell as much as 6% in response to the results, according to CNBC TV18. The stock had risen nearly 30% over the last one month before the quarterly announcement. Raymond maintains a strong financial position, remaining net-debt-free and ending the year with a net cash surplus of ₹68 crore. Shares were trading 5% lower at ₹441.9 on Tuesday following the results announcement.
