India's Raymond slides as quarterly profit plummets

Raymond

05/05/2026 10:47

** Shares of Raymond RYMD.NS fall as much as 6.9% to 433 rupees; last down 4.9%

** Co reported consol Q4 profit of 119.3 million rupees ($1.25 million) vs 1.37 billion rupees a year earlier

** EBITDA fell 14% y/y, margin down to 13.9% from 16.4%, as costs rose faster than revenue

** Other income fell about 78% y/y in quarter, weighing on profitability

** Consol revenue from operations up about 8%

** Trading volume at 1.3 mln shares, about 3x 30-day average

** YTD, RYMD up nearly 3.4%

($1 = 95.3925 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))