Multibagger defence stock Raymond retraced after jumping over 7% during the intraday session on Wednesday, amid weak sentiments in the Indian stock market.
Raymond share price opened at ₹1,019 apiece on the NSE on Wednesday, against the previous close of ₹1,081.20 on Tuesday. The multibagger defence stock initially rallied nearly 7% to hit an intraday high of ₹1,160.50. However, it failed to sustain the gains and reversed course, falling over 3% to an intraday low of ₹1,061.10.
Raymond Q2 results 2026
Raymond reported a nearly 130% year-on-year (YoY) surge in consolidated net profit to ₹32 crore in Q2 FY27, compared with ₹13.9 crore in the corresponding quarter last year.
The company’s revenue from operations grew 24.1% YoY to ₹655 crore in the September quarter, up from ₹527.7 crore a year earlier.
Operating performance also strengthened, with earnings before interest, taxes, depreciation and amortisation (EBITDA) rising 74.4% YoY to ₹75 crore from ₹43 crore in the year-ago period.
Raymond’s EBITDA margin expanded to 11.5% in Q2 FY27, compared with 8.14% in the corresponding quarter of the previous fiscal year, marking an improvement of approximately 336 basis points.
Raymond had earlier announced on October 24 that its board had approved a proposal to rename the company from Raymond Limited to Raymond Aerospace, Defence & Engineering Limited.
The proposed name change is subject to shareholder approval through a special resolution, clearance from the Central Government and the Registrar of Companies or Central Processing Centre, as applicable, and approvals from the BSE and the National Stock Exchange of India under the relevant Securities and Exchange Board of India (SEBI) regulations.
The board has also cleared the related amendments to the company’s Memorandum of Association (MOA) and Articles of Association (AOA), subject to the necessary statutory and regulatory approvals.
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