Raymond Ltd
Raymond Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Raymond Limited aims to double its aerospace and defense business in the next 4-5 years with INR100 crores annual capex. Raymond Limited expects steady growth driven by global customer onboarding, audit compliance, and expanded manufacturing capabilities (Page 5).
From Raymond Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Raymond Limited aims to double its aerospace and defense business in the next 4-5 years with INR100 crores annual capex.
- The company projects a revenue order book in aerospace to be roughly 3x of annual revenue, with a healthy pipeline including 150 new parts and 2,000 RFQs.
- Precision Technologies has long-term contracts (5-6 years), ensuring good visibility and stable revenue streams.
- Despite some sequential degrowth, aerospace margins are expected to improve as more complex, higher-value parts ramp up.
- The company targets sustained EBITDA margin improvements, especially in aerospace (currently ~22%), by optimizing product mix and enhancing operational efficiencies.
2 more points from Raymond Ltd's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what Raymond Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex plan for FY '26 and FY '27 includes approximately INR100 crores per year, aiming to double the business in 4 to 5 years. (Page 21)
- A significant announced capex of around INR510 crores is planned primarily in Andhra Pradesh, largely at a new location, to expand aerospace and defense capabilities. (Page 21)
- Total planned outlay of INR500 crores linked to new facilities and asset turns expected around 2x, targeting new revenues up to INR750 crores over 5 years. (Page 21)
- Investments will focus on advanced manufacturing capabilities, including low-cost automation and upgraded operational efficiencies across engineering businesses. (Page 22)
2 more points from Raymond Ltd's call on capex
Pro opens every point from 15K+ earnings calls
Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Raymond Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Aerospace and Defense business typically has a long-term order book with contracts extending 5 to 10 years.
- Average order book size is about 2.5x to 3x the annual revenue, providing strong visibility and predictability.
- Order book for Precision Technologies also includes 5-6 year contracts with OEMs.
- Automotive business generally has order books restricted to around 5 years with monthly visibility from customers.
- The company currently manages a pipeline of approximately 150 new parts under product development.
- Additionally, there are nearly 2,000 drawings or part numbers in the RFQ (Request for Quote) stage being negotiated to convert into business.
2 more points from Raymond Ltd's call on order book
Pro opens every point from 15K+ earnings calls
Raymond Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹603 Cr, net profit ₹12 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Raymond Ltd's management said in earlier quarters
Others in Industrial Manufacturing this season
- Aaron Industries Ltd (Q2 FY26)
Recent CAPEX of ₹35 crore has been undertaken for the new Unit 3 Kosamba plant, enhancing production capacity. Key concall takeaways from Aaron Industries…
- Thejo Engineering Ltd (Q2 FY26)
Q2 FY26 revenue from operations: ₹15,311 lakhs . Key investor presentation takeaways from Thejo Engineering Ltd's Q2 FY26 investor presentation — and how it ran
- Pitti Engineering Ltd (Q2 FY26)
Stable or improving operating leverage evident from recent 16.3% EBITDA margin with a 17.5% YoY EBITDA growth. Key concall takeaways from Pitti Engineering…
- Marine Electricals (India) Ltd (Q2 FY26)
The provided pages of the investor presentation do not include any specific revenue, sales, or volume figures for the quarter or year-on-year changes. Key…
Arthneeti Pro · Annual
Raymond Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Raymond Ltd Q2 FY26 results?
Raymond Limited aims to double its aerospace and defense business in the next 4-5 years with INR100 crores annual capex. Raymond Limited expects steady growth driven by global customer onboarding, audit compliance, and expanded manufacturing capabilities (Page 5).
What is Raymond Ltd share price analysis?
Raymond Ltd currently shows a neutral. The stock trades at a P/E of 44.9 with a market cap of ₹7,549 Cr. Investors should review the full earnings analysis for detailed insights.
Is Raymond Ltd planning capital expenditure?
Capex plan for FY '26 and FY '27 includes approximately INR100 crores per year, aiming to double the business in 4 to 5 years.
Keep Raymond Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.