Raymond Limited Reports Significant Profit Drop in Q4, 99% Decline Noted

Mumbai, May 5: Raymond Limited has reported a substantial decline in consolidated net profit for the fourth quarter of the fiscal year 2025-26, impacted by a one-time extraordinary loss.

In an exchange filing, Raymond disclosed that its net profit for the January-March quarter plummeted by 99.2% to just ₹1.1 crore, down from ₹133 crore during the same period last year. This sharp drop was primarily due to an extraordinary expense of approximately ₹20 crore incurred during the quarter.

Despite the significant profit decline, the company’s revenue increased by 8.1%, reaching ₹603 crore compared to ₹558 crore in the corresponding quarter of the previous fiscal year.

The company maintained strong operational performance, with EBITDA rising by 37.8% to ₹75.5 crore, while margins improved from 9.8% to 12.5%.

However, a decrease in other income and rising expenses exerted pressure on the company’s profits. Other income fell to ₹9.6 crore, down from ₹43.9 crore a year earlier, while total expenses rose to ₹587.14 crore from ₹556.85 crore last year.

In this quarter, the company recorded a tax credit of ₹7.8 crore, compared to a tax expense of ₹8.8 crore in the same period last year.

Raymond, which operates in sectors such as aerospace, defense, precision engineering, and auto components, noted that the ₹20.03 crore extraordinary loss significantly affected its quarterly profit.

On an annual basis, the company’s performance remained stable. For the fiscal year 2025-26, Raymond reported a consolidated net profit of ₹53.54 crore, slightly higher than last year’s ₹52.02 crore.

Additionally, the company’s total income increased to ₹2,212.1 crore, up from ₹1,946.84 crore in the previous fiscal year.

Gautam Hari Singhania, Chairman and Managing Director, stated that the company experienced strong growth in its key aerospace, defense, and precision technology segments, which remained robust in the final quarter.

Singhania emphasized, “Our subsidiaries are delivering strong operational performance, and our priority now is to expand rapidly in line with global demand. We are focusing on high-margin opportunities that will create better value for shareholders in the long run.”