Q2 2025 Raymond Ltd Earnings Call Transcript
Key Points
- Raymond Ltd (BOM:500330) reported a robust quarter with strong performance in real estate and engineering, achieving a revenue growth of 150% year-on-year.
- The real estate segment showed strong booking momentum, with a total booking of 562 crore, driven by demand for retail shops in Thane and projects in Bengaluru.
- The company remains net debt-free with a net cash surplus of 685 crore, indicating strong financial health.
- Raymond Ltd's engineering segment has shown strong performance post-acquisition of MPP, doubling its revenue compared to the previous year.
- The company is optimistic about continued growth in the real estate market, with a pipeline of projects and a strategy to expand through joint development agreements (JDAs).
- The engineering consumables category continues to be impacted by sluggish demand in both domestic and export markets due to geopolitical issues.
- The aerospace business growth is affected by ongoing production issues faced by a major aircraft manufacturer, leading to delays in shipments.
- Interest costs have risen by 20% year-on-year, attributed to acquisition debt and working capital debt.
- The auto component sector is experiencing recent softness, which may impact growth in the near term.
- There is a potential risk of slower growth in the engineering segment due to ongoing challenges in the aerospace and auto component sectors.
Ladies and gentlemen and welcome to Raymond Limited Q2 F 525 earnings conference call hosted by Antique Stock broking Limited.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during the conference call? You may signal an operator by pressing star then zero on your Touchstone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr Bipv from Antique Stock broking Limited.
Thank you and over to you, sir.
Thank you on behalf of antique stock.
I would like to welcome all the participants in the Q2 F I 25 conference Hall of Raymond Limited. Today we have with us Mr Sel Pokal who is President of commercial Mr Amit Agarwal Group, CFO Mr Harmos, executive director and CEO Realty Business and Mrsi Desa at Investor relations.
Without taking further time. I would like to hand
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