Raymond’s Q1 FY27 profit jumps as defence unit grows; ₹215 crore warrant issue proposed
Raymond reported Q1 FY27 revenue of ₹606 crore and EBITDA of ₹77.3 crore, while net profit rose 1,758% quarter-on-quarter to ₹21 crore. Its Aerospace & Defence unit grew revenue 40.4% year-on-year to ₹123 crore and secured ₹33 crore in new orders. The company has proposed issuing 33.28 lakh warrants to Minerva Ventures Fund at ₹645 each.
What happened
Raymond Ltd. · Raymond reported improved Q1 FY27 performance, led by Aerospace & Defence, and plans a preferential issue of 33.28 lakh warrants to Minerva
Key facts
- Q1 FY27 net profit: ₹21 crore, up 1,758% QoQ
- Q1 FY27 revenue: ₹606 crore; EBITDA: ₹77.3 crore; EBITDA margin: 12.8%
- Aerospace & Defence Q1 FY27 revenue: ₹123 crore, up 40.4% YoY
- Aerospace and defence order valued at ₹33 crore
- 33.28 lakh convertible warrants proposed at ₹645 each
What changed
Raymond reported improved Q1 FY27 performance, led by Aerospace & Defence, and plans a preferential issue of 33.28 lakh warrants to Minerva Ventures Fund. Its aerospace arm also won ₹33 crore in new defence orders, while shares retreated after a 52-week high.
Why this matters
Raymond’s Q1 results highlight strong momentum in Aerospace & Defence, where 40.4% year-on-year revenue growth and ₹33 crore of new orders should support production and delivery planning.
What to watch
- Completion terms, shareholder approvals and conversion schedule for the 33.28 lakh warrants.
- Quarterly Aerospace & Defence revenue growth, EBITDA margin and order-book additions versus the reported ₹123 crore Q1 revenue and ₹33 crore new orders.
- Evidence that defence revenue growth translates into sustained consolidated profit rather than a one-quarter QoQ rebound.
- Use of proceeds disclosures and any capex, acquisition or capacity-expansion announcements.
- Core Raymond business demand trends, gross margins, inventory levels and any impact from discretionary consumption weakness.