India's Raymond generates revenue of $113.75 mn in Q3 FY25, up 36% YoY

EBITDA grew by 33 per cent, reaching ₹169 crore, although the EBITDA margin saw a slight decline to 17.2 per cent in Q3 FY25 from 17.5 per cent in Q3 FY24, Raymond said in a press release.

Profit before tax (PBT), before exceptional items, improved by 14 per cent, rising to ₹100 crore from ₹87 crore in the previous fiscal. However, the PBT margin declined to 10.1 per cent in Q3 FY25 from 12.0 per cent in Q3 FY24.

“As we enter the last quarter of the financial year, we remain optimistic about the growth trends across businesses and we are confident in our ability to deliver sustained value to our stakeholders,” said Gautam Hari Singhania, chairman & managing director, Raymond Limited.

Nine-month financial

For the nine-month period (9M FY25), the company achieved an impressive revenue growth of 76 per cent YoY, reaching ₹3,084 crore (~$356.1 million), compared to ₹1,756 crore in 9M FY24. EBITDA surged by 60 per cent to ₹503 crore, though the EBITDA margin fell to 16.3 per cent, down from 17.9 per cent in 9M FY24.

PBT (before exceptional items) increased by 31 per cent, standing at ₹294 crore against ₹225 crore in the previous fiscal, while the PBT margin declined from 12.8 per cent in 9M FY24 to 9.5 per cent in 9M FY25. Despite strong revenue and profit growth, the contraction in margins reflects rising costs or changes in the company's operational dynamics.

ALCHEMPro News Desk (SG)