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Raymond Realty Q1 Profit Surges; Eyes Stronger H2 with New Project Launches

Published: August 05, 2025 | Category: Real Estate
Raymond Realty Q1 Profit Surges; Eyes Stronger H2 with New Project Launches

Raymond Realty, the real estate arm of Raymond Ltd, has reported a more than two-fold increase in first-quarter net profit, despite a moderation in bookings due to limited inventory in mature projects. Shares of Raymond Realty, which listed on exchanges in May, closed 4.4% higher at ₹725.60 on the BSE.

Net profit for the quarter ended June 30 rose to ₹16.5 crore, up from ₹7.4 crore in the same period last year, according to a regulatory filing. Revenue more than doubled to ₹374.4 crore from ₹129.6 crore in the year-ago period. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 40% year-on-year to ₹24 crore, compared to ₹17.1 crore a year earlier.

However, EBITDA margin declined to 6.4% from 13.2% due to a significant rise in input and operational costs. Booking value dropped to ₹306 crore from ₹611 crore in the corresponding quarter last year, reflecting sales moderation due to low ready inventory in existing projects. Collections also eased to ₹374 crore from ₹483 crore.

Despite the moderation, the company maintained a net-debt-free status with a net cash surplus of ₹233 crore and a total gross development value (GDV) of approximately ₹40,000 crore across its portfolio. “Our performance this quarter was in line with our expectations, reflecting sales moderation owing to low inventory levels in mature projects; a steady progress in launching new ones in H2,” said Harmohan Sahni, Managing Director of Raymond Realty.

The company plans to ramp up new launches in the second half of FY26, which is expected to drive stronger performance. Raymond Realty is currently focused on expanding its residential footprint across the Mumbai Metropolitan Region, tapping into the demand for mid-to-premium housing segments.

Raymond Realty’s strategy to launch new projects and expand its residential portfolio is aimed at capitalizing on the growing demand for quality housing in the region. The company’s strong financial position and strategic focus on new launches position it well to achieve its growth targets in the coming quarters.

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Frequently Asked Questions

1. What was Raymond Realty's net profit for the first quarter of FY26?
Raymond Realty's net profit for the first quarter of FY26 was ₹16.5 crore, more than double the ₹7.4 crore reported in the same period last year.
2. How did Raymond Realty's revenue perform in Q1 FY26 compared to the previous year?
Raymond Realty's revenue more than doubled to ₹374.4 crore in Q1 FY26, up from ₹129.6 crore in the same period last year.
3. Why did EBITD
margin decline in Q1 FY26? A: EBITDA margin declined to 6.4% in Q1 FY26 from 13.2% in the previous year due to a sharp rise in input and operational costs.
4. What is Raymond Realty's strategy for the second half of FY26?
Raymond Realty plans to ramp up new project launches in the second half of FY26 to drive stronger performance and capitalize on the growing demand for mid-to-premium housing segments.
5. What is Raymond Realty's current focus in the Mumbai Metropolitan Region?
Raymond Realty is currently focused on expanding its residential footprint across the Mumbai Metropolitan Region, particularly in the mid-to-premium housing segments.