Raymond and Kirloskar Brothers Report Strong Q2 Earnings Led by Engineering and Industrial Demand
Corporate earnings momentum across mid-cap engineering and industrial plays remained firm during the second quarter of the fiscal year, with Raymond Limited and pump manufacturer Kirloskar Brothers posting upbeat July–September quarterly numbers.
Both companies benefited from strong order execution, expanding operating margins, and steady end-market demand across engineering and manufacturing segments.
Raymond: Engineering and Aerospace Propel Core Profitability
Raymond Limited recorded a substantial improvement in profitability from continuing operations following the structural realignment of its business verticals. Consolidated net profit from continuing operations surged over 96.5% year-on-year to Rs 32.06 crore for the quarter ended September 30, up from Rs 13.89 crore in the corresponding quarter of the previous fiscal year.
Consolidated revenue from operations climbed 24.2% year-on-year to Rs 655.16 crore, compared with Rs 527.69 crore in the year-ago period. The growth was largely anchored by expanding volumes in precision engineering, auto components, and aerospace-linked supply chains.
Key Raymond Q2 Financial Metrics:
- Net profit from continuing operations reached Rs 32.06 crore versus Rs 13.89 crore a year earlier.
- Revenue from operations rose 24.2% year-on-year to Rs 655.16 crore.
- For the first half of the fiscal year (H1), revenue stood at Rs 1,260.77 crore against Rs 1,051.98 crore, while continuing net profit grew to Rs 62.91 crore from Rs 34.51 crore.
The performance excludes figures from the real estate undertaking, which was previously demerged into Raymond Realty Limited and categorized as a discontinued operation in the financial accounts.
Kirloskar Brothers: Top-Line Advances 24% on Industrial Demand
Fluid management and pump manufacturer Kirloskar Brothers Limited (KBL) reported double-digit top-line growth driven by consistent demand across municipal water supply, agricultural, and industrial infrastructure projects.
Consolidated revenue from operations for the quarter expanded 24.34% year-on-year to Rs 1,277 crore (Rs 12.77 billion), up from Rs 1,027 crore (Rs 10.27 billion) registered during the same period in the prior fiscal year. The company's consolidated net profit attributable to shareholders rose 11.57% to Rs 75.2 crore, compared to the year-ago quarter, weathering raw material input cost pressures.
Key Kirloskar Brothers Q2 Highlights:
- Consolidated revenue jumped 24.34% to Rs 1,277 crore.
- Consolidated net profit rose 11.57% to Rs 75.2 crore.
- Continued order inflow across domestic and international fluid management markets supported revenue realization.
Implications for Market Investors
The Q2 earnings updates demonstrate the underlying strength in Indian industrial machinery, precision engineering, and capital goods segments. While broader market benchmarks showed volatility amid a busy earnings calendar, execution-heavy manufacturers continue to demonstrate top-line resilience and margin defense, offering Indian retail and institutional portfolios sustainable fundamental tailwinds.
