India's Raymond falls as drop in non-operating income crimps margins

Raymond

07/08/2025 05:57

** Indian aerospace and auto components supplier Raymond RYMD.NS drops 2.5% to 627.35 rupees after Q1 results

** Co's core profit falls 8% and EBITDA margin contracts from 18.9% to 15.7%, due to a reduction in other income after Raymond demerged its real estate business

** Revenue rises 17%, led by 37% growth in aerospace and defense business and a 12% increase in auto components

** YTD, Raymond up ~11%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))