Raymond Limited is an engineering manufacturer active across precision engineering, aerospace components, automotive components, and defence applications.
Raymond Ltd reports a net profit of ₹32 crore in Q2, more than doubling from ₹13.9 crore in the same period last year. The company’s aerospace revenue grows by 72%, contributing to the financial improvement. Revenue across the company also increases by 24% year-over-year.
Raymond Ltd. announces a corporate restructuring into three separate entities, triggering a surge in its share price. The move aims to unlock value by creating specialized businesses in retail, real estate, and lifestyle brands. Investors respond positively to the potential for improved focus and operational efficiency across the newly formed units.
Raymond Ltd’s aerospace subsidiary secures ₹33 crore in annual contracts from a major Indian defence company. The deal highlights growth in Raymond’s aerospace division, which now supports defense supply chains. The company announced the win on September 11, signaling expanded business in the sector.
Raymond Ltd. shares reached a new 52-week high of **Rs 869.05**, despite broader market declines driven by crude oil price increases and geopolitical tensions. The stock surged over **5.29 times** its average trading volume, recovering from an early session drop. The company’s board is convening to review fundraising strategies amid this market momentum.
