Shares of Raymond zoomed more than 18% on Wednesday, May 6, a day after the textile giant reported its January-March quarter resulst for fiscal 2025-26 (Q4FY26). Notably, Raymond's net profit fell 99.2% to Rs 1.1 crore in the March quarter from Rs 133 crore a year earlier. It also reported a one-time loss of Rs 20 crore during the quarter, which weighed on the bottom line.
On Wednesday, shares of Raymond Ltd. opened in trade at Rs 457.15 against a previous close of Rs 442.95 apiece on the NSE and soared 18% to hit an intraday high of Rs 527.95 apiece. The company commands a market cap of Rs 3,448.52 crore so far and a turnover of Rs 361 crore. The stock has soared nearly 13% in one week, 49% in one month, 23% on a year-to-date basis, but has dropped nearly 66% in one year, according to stock exchange data.
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Raymond Share Price Intraday
Revenue from operations rose 8.1% to Rs 603 crore from Rs 558 crore in the same period last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 37.8% to Rs 75.5 crore from Rs 54.8 crore, while margin expanded to 12.5% from 9.8%. Other income declined to Rs 9.6 crore from Rs 43.9 crore a year earlier. The company also reported a tax credit of Rs 7.8 crore, compared with a tax expense of Rs 8.8 crore in the year-ago period.
Why are Raymond shares soaring in trade?
Today's sharp surge in share price came after the company announced a robust order book of over Rs 2,350 crore in the aircrafts components sector which provides long-term revenue visibility and stable demand due to long aircraft platform cycles. The management highlighted growth driven by increasing volumes from thr existing customers. The business strategy focuses on starting niche and scaling into larger programs. Raymond's upcoming new facility in Gudipalli, Andhra Pradesh will provide a capex growth of Rs 500 crore over the next five years, according to the management.
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In an interview with NDTV Profit, Raymond CEO shared a bullish outlook on the near-term strategy, noting that both the aerospace and automotive segments have been primary engines of growth. While global markets face headwinds, the CEO highlighted that India's EV demand remains robust compared to Europe, where exports are currently being driven more by hybrids than fully electric vehicles.
Despite the challenge of international tariffs, Raymond's diversified global customer mix has allowed the business to scale effectively, with automotive revenue expected to grow in the low-teens. According to the CEO, Raymond is particularly well-positioned in the aerospace sector, having secured an 'early-mover' advantage that it plans to capitalize on through a strict focus on execution. Looking ahead, the leadership expects the strong momentum seen in FY26 to continue in FY27, supported by a strategic balance of domestic demand and a resilient international footprint.
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