Raymond Limited Q4 profit crashes 99% on ₹20 crore exceptional loss
Synopsis
Raymond Limited's headline Q4 profit all but vanished — down 99.2% to just ₹1.1 crore — but strip out the ₹20 crore exceptional item and the story flips: EBITDA jumped 37.8%, margins widened, and full-year revenue crossed ₹2,200 crore. The one-time loss is masking a business that is quietly gaining operational muscle in aerospace, defence, and precision engineering.
Key Takeaways
Raymond Limited's Q4 FY26 net profit fell 99.2 per cent to ₹1.1 crore , down from ₹133 crore a year ago.
A one-time exceptional loss of ₹20.03 crore was the primary driver of the profit collapse.
Revenue rose 8.1 per cent to ₹603 crore ; EBITDA surged 37.8 per cent to ₹75.5 crore with margins at 12.5 per cent .
Full-year net profit from continuing operations grew marginally to ₹53.54 crore in FY26 from ₹52.02 crore in FY25.
Annual revenue from continuing operations rose to ₹2,212.1 crore from ₹1,946.84 crore in FY25.
CMD Gautam Hari Singhania flagged scaling with global demand and high-margin opportunities as the company's near-term priorities.
Raymond Limited on Tuesday, 5 May 2025, reported a near-total erosion of its fourth-quarter consolidated net profit, as a one-time exceptional loss overshadowed otherwise solid operational performance. The Mumbai-headquartered conglomerate's net profit attributable to owners for the January–March 2025 quarter plunged 99.2 per cent to ₹1.1 crore, down from ₹133 crore in the year-ago period.
What Drove the Profit Collapse
The steep decline was primarily attributable to an exceptional item outgo of ₹20.03 crore during the quarter, which significantly dented the bottom line. Compounding the pressure, other income dropped sharply to ₹9.6 crore from ₹43.9 crore a year ago — a fall of nearly 78 per cent — while total expenses rose to ₹587.14 crore from ₹556.85 crore in the same period. The company did, however, record a tax credit of ₹7.8 crore, compared to a tax expense of ₹8.8 crore in the year-ago quarter, partially cushioning the impact.
Revenue and Operating Performance Remain Resilient
Despite the profit slump, Raymond's operational metrics painted a markedly different picture. Revenue rose 8.1 per cent to ₹603 crore in Q4 FY26, up from ₹558 crore in the corresponding quarter of the previous financial year. More notably, EBITDA surged 37.8 per cent to ₹75.5 crore, with margins expanding to 12.5 per cent from 9.8 per cent — a sign that the company's core business is gaining efficiency even as one-time items distort the headline profit figure.
Full-Year Numbers Show Steady Growth
On a full-year basis, the picture was considerably more stable. Consolidated net profit from continuing operations stood at ₹53.54 crore in FY26, marginally higher than ₹52.02 crore in FY25. Revenue from continuing operations climbed to ₹2,212.1 crore from ₹1,946.84 crore in the previous financial year — a rise of over 13.6 per cent — reflecting broad-based demand across Raymond's diversified portfolio spanning aerospace, defence, precision engineering, and auto components.
What the Management Said
Chairman and Managing Director Gautam Hari Singhania struck an optimistic tone, describing FY26 as a year marked by healthy growth across the company's core segments.
Point of View
But the EBITDA expansion to 12.5 per cent margins tells a more credible story about operational direction. The real question is what the ₹20 crore exceptional charge relates to — Raymond has not fully disclosed the nature of the item, and that opacity matters for investors trying to assess whether this is a one-off or a symptom of structural costs in its pivot toward aerospace and defence. With full-year revenue crossing ₹2,200 crore and the B2B industrial segments reportedly resilient, the underlying trajectory looks intact — but the lack of granular disclosure on the exceptional item is a gap that analysts will press on.
NationPress
11 Aug 2026
Frequently Asked Questions
Why did Raymond Limited's Q4 profit fall by 99 per cent?
Raymond Limited's Q4 FY26 net profit fell 99.2 per cent to ₹1.1 crore, down from ₹133 crore a year ago, primarily due to a one-time exceptional loss of ₹20.03 crore. A sharp drop in other income — from ₹43.9 crore to ₹9.6 crore — and higher total expenses further weighed on the bottom line.
How did Raymond's revenue and EBITDA perform in Q4 FY26?
Despite the profit slump, Raymond posted an 8.1 per cent rise in revenue to ₹603 crore and a 37.8 per cent jump in EBITDA to ₹75.5 crore. Operating margins improved to 12.5 per cent from 9.8 per cent, indicating strong core business performance.
What was Raymond Limited's full-year FY26 performance?
On a full-year basis, Raymond's consolidated net profit from continuing operations rose marginally to ₹53.54 crore in FY26 from ₹52.02 crore in FY25. Revenue from continuing operations climbed to ₹2,212.1 crore from ₹1,946.84 crore, reflecting over 13 per cent annual growth.
What businesses does Raymond Limited operate after its demerger?
Following its restructuring, Raymond Limited now focuses on aerospace, defence, precision engineering, and auto components. Its lifestyle and real estate businesses were demerged into separate entities, making the current Raymond a predominantly B2B industrial company.
What did Raymond's CMD Gautam Hari Singhania say about FY26 results?
CMD Gautam Hari Singhania said FY26 was marked by healthy growth across core aerospace, defence, and precision technology segments. He added that the company's priority is to scale with global demand and pursue high-margin opportunities to drive long-term shareholder wealth.
