Outcome of Board Meeting
RAYMOND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raymond Limited reported audited consolidated financial results for FY2026 with revenue from continuing operations growing 13.6% to Rs 2,21,210 lakhs from Rs 1,94,684 lakhs. Profit from continuing operations remained flat at Rs 5,354 lakhs vs Rs 5,202 lakhs due to exceptional charges of Rs 20,142 lakhs (including Rs 16,740 lakhs goodwill reversal and Rs 2,650 lakhs stamp duty on demerger). Including discontinued operations, total profit after tax stood at Rs 5,36,107 lakhs (vs Rs 7,63,562 lakhs), boosted by Rs 5,35,592 lakhs exceptional gain from demerger of real estate business to Raymond Realty Limited effective May 1, 2025. Segment-wise, Precision Technology and Auto Component revenue grew 10.2% to Rs 1,66,693 lakhs, while Aerospace and Defence grew 26% to Rs 39,238 lakhs. Auditors issued unmodified (clean) opinion with an emphasis of matter on the real estate demerger.
The core operating profit from continuing operations showed minimal growth despite strong segment revenues, indicating margin pressure. However, the massive demerger gain inflated bottom-line figures. Investors should focus on underlying operating performance as exceptional demerger items are one-time in nature.