29 October 2025, Mumbai
Diversified conglomerate, Raymond reported a 76 per cent Y-o-Y decline in its net profit for Q2, FY25 that ended September 30, 2025. This substantial drop occurred despite the company registering higher revenue and steady operational performance in its core business segments.
The company's revenue increased by 11 per cent to Rs 527.7 crore from 473.5 crore Y-o-Y in the corresponding quarter last year while EBITDA increased by 12.3 per cent Y-o-Y to Rs 43.3 crore from Rs 38.5 crore.
Total income for the quarter rose by 10 per cent to Rs 564 crore, heavily supported by strong growth in its emerging industrial businesses.
Raymond attributed the significant contraction in net profit largely to a decline in ‘other income.’ This suggests, while core business operations were sound (as reflected by steady EBITDA), non-operational income sources - such as gains on investments or exceptional items- did not contribute as much as they did the previous year.
Raymond highlighted the impressive performance of its high-technology segments including Aerospace & Defence, Precision Technology & Auto Components, Exports to Sheets, noting, the growth reflects an ongoing shift in India’s manufacturing supply chain, where local suppliers are moving up the value chain toward complex, precision components.
Raymond indicated it is capitalizing on China-plus-one opportunities and continues its expansion into new international markets and industrial sectors, focusing on integration synergies and operational efficiencies. The company maintains a strong financial footing, remaining net-debt free with a net cash surplus of Rs 27 crore.
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