The Economic Times

Raymonds aerospace and defence business now brings in a fifth of its income, up from 14% a year ago

Raymond reported a significant increase in revenue from its aerospace and defence business, rising 72% to 139 crore. The company's overall income grew by 21% to 683 crore, indicating strong performance. Operating profit from the aerospace sector also rose to 29 crore with an impressive margin of 21%. Additionally, Raymond is investing in new plants to enhance production capacity and support future growth.