Raymond quarterly results and financials

Raymond (RAYMOND)₹1,091+0.21%(9 Nov 2026 close)Industrial Products

Key facts

In the Sep 2026 quarter (consolidated), Raymond reported sales of ₹654 Cr, up 24.2% from Sep 2025, and net profit of ₹32.06 Cr, up 128.7% year on year. For the year to Mar 2026, sales were ₹2,209 Cr and net profit ₹5,373 Cr.

Sales (Sep 2026): ₹654 Cr
Net profit (Sep 2026): ₹32.06 Cr
Sales (FY Mar 2026): ₹2,209 Cr
Net profit (FY Mar 2026): ₹5,373 Cr
EPS (Sep 2026): ₹3.37
Borrowings (Mar 2026): ₹1,052 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Raymond quarterly results

₹ crore unless stated; each column is a quarter.

Raymond Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	677	266	449	473	465	557	523	527	557	602	605	654
Expenses	620	255	416	447	433	511	468	484	495	527	527	578
Operating Profit	56.86	9.98	31.94	24.93	30.92	43.88	53.89	42.91	59.82	73.82	76.87	74.85
OPM %	8.1%	3.7%	7.1%	5.0%	7.0%	8.1%	10.1%	8.1%	11.1%	12.1%	13.1%	11.1%
Other Income	192	250	7,418	96.19	95.26	156	5,358	−131	9.02	−10.04	22.05	29.06
Interest	21.96	4.99	15.99	15.98	15.98	16.97	18.98	21.98	20.97	22.98	19.99	21.97
Depreciation	18.02	21.05	35.08	37.05	37.06	37.07	39.10	38.10	38.05	37.07	38.09	40.07
Profit before tax	210	234	7,367	67.92	72.85	146	5,322	−148	9.98	3.99	40.91	42.89
Tax %	12.0%	2.0%	0.0%	13.0%	1.0%	6.0%	0.0%	−109.0%	30.0%	−185.0%	25.0%	25.0%
Exceptional items	144	204	7,356	58.07	68.10	112	5,316	−154	−7.01	−16.01	0.00	0.00
Net Profit	185	231	7,385	59.08	72.11	137	5,334	14.02	7.01	12.03	31.07	32.06
EPS (Rs)	27.58	34.48	1,107.37	9.03	10.85	19.96	800.81	1.72	0.55	0.18	3.16	3.37

Raymond profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Raymond Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5,169	5,349	5,895	6,574	6,476	3,442	6,173	8,199	971	1,946	2,209	2,419
Expenses	4,776	5,031	5,457	5,990	5,948	3,493	5,458	6,985	954	1,809	1,973	2,127
Operating Profit	386	304	425	567	515	−59.85	704	1,196	15.96	132	231	285
OPM %	7.1%	6.1%	7.1%	9.1%	8.1%	−1.7%	11.1%	15.1%	1.6%	7.1%	10.1%	11.8%
Other Income	93.24	82.19	137	120	286	187	6.01	31.08	1,724	7,760	5,224	50.09
Interest	190	178	184	233	303	276	228	257	7.99	64.88	83.94	85.91
Depreciation	159	157	170	196	341	315	240	236	59.13	146	152	153
Profit before tax	132	51.95	208	259	159	−464	243	736	1,666	7,642	5,190	97.77
Tax %	35.0%	42.0%	32.0%	33.0%	−27.0%	−35.0%	−9.0%	27.0%	1.0%	0.0%	−3.0%	—
Exceptional items	−19.02	−5.01	12.02	−3.01	29.03	−15.01	−103	−74.05	52.06	67.02	−164	−23.02
Net Profit	86.19	30.06	142	175	202	−304	265	538	1,647	7,653	5,373	82.17
EPS (Rs)	13.83	4.17	21.95	27.40	30.37	−44.65	39.12	79.54	246.30	1,147.66	803.65	7.26
Dividend payout %	22.0%	30.0%	14.0%	11.0%	0.0%	0.0%	8.0%	4.0%	4.0%	0.0%	0.0%	—

Raymond balance sheet

₹ crore, at each year end.

Raymond Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	61.21	61.15	61.17	61.18	61.16	65.19	67.10	67.19	67.22	67.17	67.14	67.02
Reserves	1,483	1,615	1,617	1,755	1,897	2,318	2,035	2,301	2,843	4,562	3,658	2,778
Borrowings	1,878	2,058	2,134	2,348	2,463	2,549	2,408	2,349	2,522	4,171	738	1,052
Other Liabilities	1,221	1,164	1,418	1,916	2,208	2,777	2,209	2,641	2,766	4,183	3,244	831
Total Liabilities	4,644	4,898	5,230	6,080	6,629	7,709	6,718	7,357	8,198	12,982	7,706	4,727
Fixed Assets	1,273	1,173	1,169	1,739	1,934	2,438	2,041	1,877	1,934	3,475	1,772	1,524
CWIP	196	240	411	271	114	39.95	20.96	24.94	35.91	98.87	9.99	38.91
Investments	426	607	638	635	539	596	499	1,098	1,637	2,819	1,117	1,691
Other Assets	2,749	2,877	3,010	3,436	4,042	4,636	4,156	4,357	4,591	6,589	4,808	1,474
Inventories	1,158	1,173	1,289	1,610	1,901	2,201	1,634	2,011	2,496	3,515	419	487
Trade receivables	928	1,050	1,055	1,091	1,265	1,163	961	876	746	1,413	408	523
Cash & equivalents	129	89.98	69.96	86.89	126	328	552	336	326	526	299	182
Total Assets	4,644	4,898	5,230	6,080	6,629	7,709	6,718	7,357	8,198	12,982	7,706	4,727

Raymond cash flow

₹ crore, for each year.

Raymond Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	380	317	348	395	251	390	705	677	804	534	233	42.03
Cash from investing activity	−140	−211	−222	−414	−127	−148	63.86	−424	−475	−1,039	−231	−180
Cash from financing activity	−250	−118	−122	30.01	−149	−130	−667	−323	−319	502	−104	230
Net cash flow	−9.98	−11.99	2.99	8.99	−24.97	113	99.88	−70.88	9.99	−5.99	−102	90.89
Capex	231	274	293	518	261	210	20.99	60.04	116	208	158	114
Free cash flow	156	94.88	69.97	−102	9.99	198	701	645	701	337	90.88	−70.93
CFO / OP %	104.0%	95.0%	125.9%	101.9%	55.9%	82.9%	−1,133.1%	100.9%	72.9%	3,844.9%	264.9%	49.9%

Raymond ratios

Working-capital days and returns, by year.

Raymond Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	62	73	71	66	69	64	100	51	32	527	75	85
Inventory days	180	194	199	234	246	286	362	327	303	3,795	219	236
Days payable	110	98	120	164	176	183	258	279	206	2,229	133	168
Cash conversion cycle	135	172	152	139	142	170	207	101	132	2,096	164	156
Working capital days	24	20	−20	−28	−28	−22	12	3	2	507	267	19
ROCE %	10.1%	10.1%	6.0%	9.1%	11.1%	9.0%	−4.0%	13.1%	21.1%	0.0%	1.0%	3.0%

Raymond: frequently asked questions

What are the latest quarterly results of Raymond?

For the Sep 2026 quarter, Raymond reported sales of ₹654 Cr, up 24.2% year on year and net profit of ₹32.06 Cr, up 128.7% year on year. The operating margin was 11.1%.

What is the annual revenue of Raymond?

Raymond's sales for the year to Mar 2026 were ₹2,209 Cr; over the last twelve months they were ₹2,419 Cr.

What is the net profit of Raymond?

Net profit for the year to Mar 2026 was ₹5,373 Cr, and ₹82.17 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.26.

How much debt does Raymond have?

Raymond reported borrowings of ₹1,052 Cr at Mar 2026, against cash and equivalents of ₹182 Cr.

What is the free cash flow of Raymond?

Cash from operations was ₹42.03 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹70.93 Cr.

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