Raymond stock jumps 2% on stellar Q2 earnings driven by real estate, engineering gains

In the past 12 months, Raymond stock has slipped 10 percent compared to Nifty's rise of 23 percent during this period.

Shares of Raymond edged higher amid a weak market after the company reported a substantial rise in consolidated Q2 net profit, doubling year-on-year (YoY) to Rs 59 crore, driven by robust growth in its real estate and engineering businesses.

The company's revenue from operations also more than doubled YoY to Rs 1,044.7 crore in Q4FY25, while EBITDA climbed 100 percent YoY to Rs 116 crore. The EBITDA margin, however, dipped slightly to 11.1 percent from 11.9 percent a year ago.

Gautam Hari Singhania, Chairman and Managing Director of Raymond Ltd, highlighted the company’s momentum in real estate and engineering, particularly following the launch of Park Avenue - High Street Reimagined, a pioneering retail space in Thane aimed at enhancing Raymond Realty's residential projects.

“Project execution remains our USP as our endeavour is to continue to deliver before RERA timelines,” he said.

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Raymond's real estate business revenue surged 135 percent YoY to Rs 571 crore, and sales came in at Rs 562 crore for the quarter. The segment’s EBITDA soared to Rs 112 crore in Q2 FY25, up from Rs 47 crore in the year-ago period.

The engineering business' performance was also robust with revenue surging 121 percent YoY to Rs 443 crore, and EBITDA margin coming in at 11 percent. Growth was driven by strong domestic demand for flex plates, ring gears, and shaft bearings, though exports faced challenges from geopolitical and demand-related issues.

Raymond has Rs 685 crore in net cash, earmarked for future expansion, underscoring its strategic focus on growth across its key segments, the company informed in an exchange filing.

At 10:13 am, Raymond shares were trading 1.7 percent higher at Rs 1,716.60 on the National Stock Exchange (NSE). The stock has fallen around a percent so far this year, underperforming Nifty's returns of 10 percent.

In the past 12 months, the counter has slipped 10 percent compared to Nifty's rise of 23 percent during this period.

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