What was Raymond's revenue in Q4 FY26?

Raymond reported revenue of ₹603 Cr in Q4 FY26, a +2% change year-over-year.

Did Raymond management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Raymond Q4 FY26 Research Workspace: Revenue ₹603 Cr (+2%)

Q: What guidance did Raymond management give?

Aerospace 25% CAGR growth: Management expects 25% year-on-year growth in aerospace revenue, with existing capacity sufficient for FY27 and new Andhra plant contributing from FY29.

Revenue ₹603 Cr +2%

EBITDA ₹85 Cr -14.1%

PAT ₹12 Cr

EBITDA Margin 12% -250bps

Duration 65 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

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Raymond Engineering reported Q4 FY26 consolidated revenue of ₹613 crore (+2% YoY), with EBITDA of ₹85 crore (13.9% margin, down 250bps YoY) due to lower other income and one-time items. The aerospace segment grew 11% YoY to ₹119 crore, maintaining a 25.5% EBITDA margin, driven by strong RFQ pipeline and new product development. Precision technology & auto components revenue rose 5% YoY to ₹442 crore, with EBITDA margin expanding 250bps to 15.2% (excluding a one-time land sale gain). Full-year revenue grew 10% to ₹2,312 crore, with EBITDA flat at ₹335 crore. Management guided for 25% CAGR in aerospace, supported by a ₹930 crore capex plan over 5 years (₹500 crore aerospace, ₹430 crore precision tech). The company remains debt-free with net cash of ₹68 crore. Key risk: US tariff uncertainties and raw material import dependency (100% imported aerospace alloys) could pressure margins.

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Risk Intelligence

US tariff and trade policy uncertainty

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Quarter Snapshot

Aerospace order book ₹2,350 crore

+26% YoY

Order book provides multi-year revenue visibility; 75% from engine components across 25+ customers.

New components added (annual run-rate) 250-350

+25% YoY

Targeting one new component per day; 20-25% are sub-assemblies, moving up value chain.

Aerospace revenue growth (FY26) ₹392 crore

+26% YoY

Driven by portfolio expansion and increased OEM allocations; 25% CAGR guided.

Precision tech EBITDA margin (Q4) 15.2%

+250bps YoY

Excluding one-time land sale gain of ₹13 crore; synergies and cost reduction programs sustainable.

Fast read

Guidance and risk preview

Top guidance Aerospace 25% CAGR growth

Management expects 25% year-on-year growth in aerospace revenue, with existing capacity sufficient for FY27 and new Andhra plant contributing from...

Top risk US tariff and trade policy uncertainty

US tariffs have caused logistical complexities and temporary rescheduling; management noted 'some temporary rescheduling and delays across the indu...