Raymond Ltd - May 2025 Earnings Call Transcript Analysis

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Earnings Call Transcript Analysis Report #

Financial Performance #

Key Financial Metrics #

Raymond Limited (Continuing Operations - Engineering & Others post-Realty demerger) #

  • Q4 FY25 Total Income: INR 601 crores.
  • Q4 FY25 EBITDA: INR 99 crores; Margin: 16.4%.
  • FY25 Total Income: INR 2,105 crores.
  • FY25 EBITDA: INR 335 crores; Margin: 15.9%.
  • (Note: Includes other income and is post-acquisition of Maini Precision completed March 2024).

Engineering Business Segment (including MPPL) #

  • Q4 FY25 Sales: INR 528 crores.
  • Q4 FY25 EBITDA: INR 81 crores; Margin: 15.3%.

Demerged Segment (Real Estate Business) #

  • Q4 FY25 Revenue: INR 766 crores.
  • Q4 FY25 EBITDA: INR 194 crores; Margin: 25.3%.
  • Q4 FY25 Bookings: INR 636 crores.

Debt Position (Raymond Limited - Continuing Operations) #

  • Net debt-free with a net cash surplus of INR 263 crores as of March 2025.
  • Gross debt INR 677 crores, cash & cash equivalents INR 940 crores.

Debt Position (Real Estate Business) #

  • Net debt-free with a net cash surplus of close to INR 400 crores as of March 2025.

Comparison with Previous Periods #

Engineering Business Segment #

  • Q4 FY25 Sales INR 528 cr, EBITDA INR 81 cr (Margin 15.3%) vs. Q4 FY24