Raymond reports strong Q2 FY26 performance driven by engineering segments

Raymond Limited reported a 10% year-on-year increase in total income, reaching INR 564 Cr for Q2 FY26. The company’s EBITDA grew by 3% to INR 79 Cr, with an EBITDA margin of 14.1%. For H1 FY26, total income stood at INR 1,119 Cr, an 11% increase from H1 FY25, while EBITDA was INR 167 Cr. The company maintains a net-debt free status with a net cash surplus of INR 27 Cr.

The strong performance was primarily driven by the aerospace & defence and precision technology & auto components segments. The aerospace & defence segment saw a 15% increase in revenue to INR 81 Cr in Q2 FY26, with EBITDA growing by 34% to INR 17 Cr. This growth was fueled by production ramp-up at a leading OEM and new parts entering production. The precision technology & auto components segment generated INR 409 Cr in revenue, a 9.9% increase, and its EBITDA surged by 57.3% to INR 57 Cr, attributed to strong domestic demand and hybrid product demand in European markets.

These results follow a restructuring scheme effective August 1, 2025, which established JK Maini Precision Technology Ltd. and JK Maini Global Aerospace Ltd. The Board of Directors approved these unaudited financial results on October 27, 2025.