Raymond Ltd
Raymond Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Aerospace & Defense business expects continuous growth driven by long-term 5- and 10-year contracts and increasing market share from initial 35% to 65%. Aerospace & Defense business is expected to maintain robust growth driven by increasing order book and expanding market shares, supported by a pipeline of new products (more than one new part per day).
From Raymond Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Aerospace & Defense business expects continuous growth driven by long-term 5- and 10-year contracts and increasing market share from initial 35% to 65%.
- Order book reflects a 2.5 to 3-year revenue visibility, with a growing pipeline of new products (over one new part developed daily).
- LEAP engine production is growing at 15%-20% annually, positively impacting parts supply volumes.
- Expansion of manufacturing capabilities with investments in advanced machinery and capacity to handle complex parts supports scaling.
- Strong demand environment backed by OEM production ramp-ups, improving supply chains, and decreasing inventories.
- Strategy includes diversifying into multiple engine platforms and increasing parts per platform.
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Profitability & Margins
See what Raymond Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Raymond Limited is making significant capital investments, notably around INR 1,000 crores in Andhra Pradesh spread over the next 5 years.
- Capex split: Approximately INR 500 crores allocated to Aerospace and about INR 430 crores to Automotive segments.
- Investments target capacity expansion, capability enhancements, and maintenance/upgrades including advanced machinery like high-precision multi-axis GROB machines.
- The Andhra Pradesh facility aims to provide a competitive cost base and strategic scale to support growth.
- Continuous investments are planned to ramp up production capacity dynamically in response to new product development and increasing demand.
- The company generates enough cash to fund capex, supplemented by debt and credit lines.
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Fundraising & Capital Structure
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Order Book & Pipeline
- The Aerospace & Defense business typically holds order books spanning 2.5 to 3 years.
- Contracts are usually 5 to 10 years long, with renewals or growth based on market share.
- Current safe estimate for the order book is a 2.5-year future revenue window.
- The order book is continuously growing in line with sales growth.
- New product introductions (FAIs) occur at a rate of more than one new part every day, contributing to order book expansion.
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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.
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What Raymond Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Raymond Ltd Q3 FY26 results?
Aerospace & Defense business expects continuous growth driven by long-term 5- and 10-year contracts and increasing market share from initial 35% to 65%. Aerospace & Defense business is expected to maintain robust growth driven by increasing order book and expanding market shares, supported by a pipeline of new products (more than one new part per day).
What is Raymond Ltd share price analysis?
Raymond Ltd currently shows a neutral. The stock trades at a P/E of 0.8 with a market cap of ₹4,190 Cr. Investors should review the full earnings analysis for detailed insights.
Is Raymond Ltd planning capital expenditure?
Raymond Limited is making significant capital investments, notably around INR 1,000 crores in Andhra Pradesh spread over the next 5 years.
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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.