Raymond Realty Makes Market Debut After Demerger: A Strategic Move in the Real Estate Sector
Shares of Raymond Realty, the newly demerged real estate arm of Raymond, made their debut on the stock exchanges today, marking a significant step in the group's restructuring efforts.
Raymond RealtyReal EstateDemergerStock MarketCorporate RestructuringReal Estate NewsJul 01, 2025
The demerger became effective on 1 May 2025. Under the scheme, shareholders received one share of Raymond Realty for every share held in Raymond. This move is part of the Raymond Group's broader strategy to unlock value through a vertical-focused corporate structure.
This is the Raymond Group's second major restructuring move, following the demerger and listing of Raymond Lifestyle in September 2024. The group has been proactive in reorganizing its business to capitalize on different market segments and improve operational efficiency.
In the fourth quarter of FY25, Raymond Realty reported a robust performance with revenue of Rs 766 crore, up 13% from Rs 677 crore in Q4 FY24. EBITDA rose to Rs 194 crore from Rs 171 crore in the same period last year, with EBITDA margin improving to 25.3%. These financial results reflect the company's strong market position and effective management.
The company has also been active in expanding its portfolio. It signed two new Joint Development Agreements (JDAs) in Mahim and Wadala, with a combined Gross Development Value (GDV) of approximately Rs 6,800 crore. These additions raised the total potential revenue from Raymond Realty’s portfolio to nearly Rs 40,000 crore, including Rs 25,000 crore from its Thane land parcel and Rs 14,000 crore from JDA-led projects.
Booking value in Q4 FY25 stood at Rs 636 crore, supported by strong demand for projects such as The Address by GS 2.0, Invictus, Park Avenue – High Street Retail in Thane, and The Address by GS in Bandra. The real estate division also turned net cash surplus, reporting cash reserves of Rs 399 crore, which is a significant achievement in a highly competitive market.
Meanwhile, shares of Raymond were up 5.56%, while Raymond Lifestyle slipped 1.2%. This contrasting performance reflects the market's positive sentiment towards the demerger and the potential for future growth in Raymond Realty.
The Raymond Group, known for its diversified portfolio and strong market presence, has been making strategic moves to stay ahead in the rapidly evolving real estate sector. Raymond Realty's market debut is a testament to the group's commitment to creating long-term value for its stakeholders.
Frequently Asked Questions
What is Raymond Realty?
Raymond Realty is the recently demerged real estate arm of the Raymond Group, focusing on residential and commercial real estate projects.
When did the demerger of Raymond Realty become effective?
The demerger of Raymond Realty became effective on 1 May 2025.
What was the opening price of Raymond Realty on the NSE and BSE?
Raymond Realty opened at Rs 1,000 on the NSE and Rs 1,005 on the BSE.
What are some of the key financial highlights of Raymond Realty in Q4 FY25?
In Q4 FY25, Raymond Realty reported revenue of Rs 766 crore, up 13% from Q4 FY24, and EBITDA of Rs 194 crore, with an EBITDA margin of 25.3%.
What are some of the new projects signed by Raymond Realty?
Raymond Realty signed two new Joint Development Agreements (JDAs) in Mahim and Wadala, with a combined Gross Development Value (GDV) of approximately Rs 6,800 crore.
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