Is Raymond Ltd a Good Buy After Its Q1 FY27 Results?

Raymond Ltd share price around Rs 748. 2.2% below 52-week high of Rs 765. Q1 FY27 revenue Rs 628 crore, up 13.1% YoY. PAT Rs 31 crore, down 99.4%. PE 79x.

Updated: 4 Sept 2026 • 1:32 pm

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Is Raymond Ltd a Good Buy After Its Q1 FY27 Results?

Quick Answer

Raymond Ltd's Q1 FY27 results were mixed, with revenue at Rs 628 crore but PAT falling 99% to Rs 31 crore. Note that the year-ago quarter's profit of Rs 5,328 crore included a large one-off gain relative to revenue, most likely tied to corporate restructuring, so the headline decline overstates the change in the underlying business. The Raymond Ltd share price near Rs 748 has not escaped this pressure, and the profit decline is the key data point investors should weigh before deciding whether Raymond Ltd is a good buy right now.

The Raymond Ltd share price has been under the spotlight this results season after the company reported its first-quarter numbers for FY27. Raymond Ltd is the remaining Raymond Group entity following the demerger of its lifestyle and realty businesses, now focused on engineering and real estate, and its Q1 FY27 print, for the quarter ended June 30, 2026, gives investors a fresh data point to test whether the stock still deserves a place in a portfolio at current levels.

Revenue for the quarter came in at Rs 628 crore, up 13.1% year on year, while profit after tax came in at Rs 31 crore, down 99.4% from a year earlier. That combination of numbers is exactly what this article breaks down, along with what it means for the Raymond Ltd share price from here.

This piece works through the quarter's financial highlights, the business factors behind the numbers, where the Raymond Ltd share price stands against its 52-week range and valuation multiples, and the key risks worth watching before treating this as a buy, hold or a stock to avoid for now.

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Raymond Ltd Q1 FY27 Financial Highlights

Metric	Q1 FY27	Q1 FY26	YoY Change
Revenue	Rs 628 crore	Rs 555 crore	13.1%
EBITDA	Rs 100 crore	Rs 87 crore	14.3%
Operating Margin	16.4%	1028.6%	NA
Profit Before Tax	Rs 41 crore	Rs 5,336 crore	-99.2%
Net Profit / (Loss)	Rs 31 crore	Rs 5,328 crore	-99.4%

Raymond Ltd Q1 FY27 Performance Analysis

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Revenue growth of 13.1% for the quarter came from steady demand across the company's core business, keeping the topline trend intact for the real estate and engineering sector.

PAT fell 99% year on year to Rs 31 crore, but this comparison is distorted: the year-ago quarter's profit of Rs 5,328 crore was far larger than that quarter's revenue of Rs 555 crore, pointing to a significant one-off gain, likely linked to the company's corporate restructuring, rather than normal operating profit. Core operating trends, visible in revenue and EBITDA, are a better guide to the underlying business this quarter.

On a sequential basis, revenue moved up 2.5% sequentially from Rs 613 crore in the March 2026 quarter and net profit moved up 158.6% sequentially from Rs 12 crore in the prior quarter, giving a fuller picture of the trend behind the Raymond Ltd share price than the year on year comparison alone.

Key Business Factors in Q1 FY27

Revenue Trend

Raymond Ltd's revenue grew 13.1% year on year this quarter, taking the quarterly base to Rs 628 crore in a real estate and engineering business that remains sensitive to demand and pricing cycles that ultimately feed through to the Raymond Ltd share price.

Margin Movement

EBITDA rose 14.3% to Rs 100 crore, and operating margin moved to 16.4% from 1028.6% a year earlier, a sign that cost control or pricing held up during the quarter.

Balance Sheet Position

Raymond Ltd's debt-to-equity ratio stands at 0.37, a level worth monitoring given the quarter's margin trend.

Valuation Context

The stock trades at a PE of 79.1x against an industry average of 20.8x, a premium that this quarter's results will need to justify going forward.

Dividend Details

No interim dividend was declared alongside Raymond Ltd's Q1 FY27 results. The stock has not paid a meaningful dividend in the trailing twelve months. Investors tracking the Raymond Ltd share price for income should watch the company's announcements around its next annual results for any dividend decision.

Raymond Ltd Share Price Outlook for FY27

The key question for the rest of FY27 is whether Raymond Ltd can arrest the margin pressure seen this quarter. Revenue growth alone will not be enough to support the Raymond Ltd share price if profitability keeps slipping, so investors should watch the next couple of quarters for signs of a turnaround in the bottom line.

A stabilising or improving margin trend in the next result would be the clearest signal that this quarter's profit decline was a temporary setback rather than the start of a longer slide for the Raymond Ltd share price.

Raymond Ltd Stock Performance

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The Raymond Ltd share price was trading around Rs 748 as results season played out in late August 2026, roughly 2.2% below its 52-week high of Rs 765 and well above its 52-week low of Rs 320. Promoter holding stood at 48.9% as of the June 2026 quarter.

The Raymond Ltd share price has likely already absorbed some of this quarter's disappointment, but further downside is possible if the next results confirm the same trend rather than a one-off. On profitability ratios, the company reports a return on equity of 8.92% and a book value of around Rs 427 per share, both useful reference points when judging whether the current price is reasonable.

Key Risks

Valuation Risk

At 79.1x earnings against an industry average of 20.8x, the stock leaves little room for disappointment if growth slows.

Profitability Risk

The quarter's profit trend is the clearest risk here. Until Raymond Ltd shows a sustained improvement in margins or the bottom line, the stock is likely to stay volatile around results.

Sector and Demand Risk

As a real estate and engineering business, Raymond Ltd's results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Raymond Ltd share price well before the next result.

Conclusion

Raymond Ltd's Q1 FY27 headline PAT fell 99% to Rs 31 crore, but that comparison is skewed by a large one-off gain in the year-ago quarter that pushed PAT well above what the underlying business could generate on Rs 555 crore of revenue, most likely tied to corporate restructuring. Investors assessing whether Raymond Ltd is a good buy should look past this headline decline and focus on revenue and EBITDA trends, which better reflect the current run rate of the business. The Raymond Ltd share price remains the number to track heading into the next quarterly update.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on Raymond Ltd Q1 FY27 Results

What were Raymond Ltd's Q1 FY27 results?

Ans. Raymond Ltd reported Q1 FY27 revenue of Rs 628 crore, up 13.1% year on year, and PAT of Rs 31 crore, down 99.4% year on year.

Is Raymond Ltd a good buy after its Q1 FY27 results?

Ans. Raymond Ltd's profitability came under pressure this quarter, which makes this a stock to watch rather than an obvious buy purely on this result. Investors should form their own view based on their own risk appetite and time horizon.

What is the Raymond Ltd share price today?

Ans. The Raymond Ltd share price was trading around Rs 748 in late August 2026, about 2.2% below its 52-week high of Rs 765 and well above its 52-week low of Rs 320.

What is Raymond Ltd's revenue and profit for Q1 FY27?

Ans. Raymond Ltd reported revenue of Rs 628 crore and a net profit of Rs 31 crore for the quarter ended June 30, 2026.

Did Raymond Ltd declare a dividend with its Q1 FY27 results?

Ans. No interim dividend was declared alongside Raymond Ltd's Q1 FY27 results. Investors should track the company's next annual results for any dividend announcement.

What is Raymond Ltd's PE ratio and is it expensive?

Ans. The Raymond Ltd share price trades at a trailing PE of 79.1x, against an industry average of 20.8x. Investors should compare this with the company's growth rate before judging value.

What are the key risks for Raymond Ltd investors right now?

Ans. At 79.1x earnings against an industry average of 20.8x, the stock leaves little room for disappointment if growth slows. As a real estate and engineering business, Raymond Ltd's results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Raymond Ltd share price well before the next result.