RAYMONDREL

Oct 28 (Reuters) - Raymond Realty Ltd RAYO.NS:

• RAYMOND REALTY LTD SEPT-QUARTER CONSOL PROFIT 601.8 MILLION RUPEES

• RAYMOND REALTY LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.97 BILLION RUPEES

Source text: ID:nBSE2JrYsB

Further company coverage: RAYO.NS

(([email protected];;))

Oct 27 (Reuters) - Indian aerospace and auto components supplier Raymond RYMD.NS reported a 20% fall in quarterly profit on Monday, as rising expenses outpaced revenue growth in its second earnings report since spinning off its realty and apparel businesses.

The firm said its profit from continuing operations before exceptional items and taxes fell to 1.93 billion rupees ($21.96 million) in the quarter ended September 30 from 2.41 billion rupees a year ago.

Raymond's overall expenses rose 11.6%, driven by increases in employee benefits and finance costs, despite a marginal decline in raw material costs.

The company's revenue from operations rose 11.4% to 5.28 billion rupees for the quarter, led by growth in its aerospace and defence business and auto components segment.

Analysts expect the aerospace business to benefit from global supply chain shifts and the company's strong ties with original equipment manufacturers. Global aerospace suppliers are enjoying robust demand for parts, benefiting from planemakers ramping up production to meet booming demand for new jets.

However, the company said it was cautious in its outlook for the aerospace and defence business outlook due to pressures such as U.S. tariffs that have caused scheduling delays.

Raymond approved the demerger of its realty business, Raymond Realty RAYO.NS, in May, its second spinoff since the listing of its apparel business, Raymond Lifestyle RAYL.NS, last September. The group has split its business to attract more investors and help the carved-out entities access more capital.

Shares of Raymond have risen around 7.1% since the demerger announcement on May 14. They closed 2.5% higher on Monday.

($1 = 87.8950 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Leroy Leo)

(([email protected];))

** India's Raymond Realty RAYO.NS falls 6.21% to 679.7 rupees after Q1 results

** Stock set for worst day since listing after demerger from Raymond RYMD.NS on July 1

** Raymond Realty's Q1 net profit slumps 52%, while revenue falls 23%

** Core profit margin contracts to 10.5% from 13.5%

** RAYO says performance reflects sales moderation due to limited unsold inventory in its matured real estate projects

** Adds, second half of the year will see improved performance due to planned new launches

** RAYO down 32% from its list price on July 1

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))