Raymond Realty Q3FY25 Results: Revenue Jumps 11% to Rs 487.8 Crore
Raymond Realty, the real estate arm of Raymond Limited, reported a robust revenue of Rs 487.8 crore in the third quarter of the financial year 2024-25 (Q3 FY25), marking an 11% increase from the same period last year.
Raymond RealtyReal EstateFinancial ResultsQ3 Fy25Revenue GrowthReal EstateJan 29, 2025
However, the revenue saw a sequential decline of 14.62% compared to the previous quarter.
The company's earnings before interest, taxes, depreciation, and amortisation (Ebitda) also saw a healthy increase of 19.6% year-on-year (YoY) to Rs 116 crore.
Its Ebitda margin improved marginally to 23.8%, up from 22.1% in Q3 FY24.
Raymond Realty achieved a booking value of Rs 505 crore in Q3 FY25, driven by strong demand for projects such as The Address by GS 2.0, TenX ERA, the sale of retail shops in Thane, and a joint development agreement (JDA) for The Address by GS in Bandra.
Raymond Realty is a leading real estate developer based in Thane, a part of the Raymond Limited group, and is led by Gautam Singhania, the chairman and managing director of Raymond Limited.
Commenting on the performance, Singhania said, “We have seen continued growth momentum in our real estate business during the quarter, with a strong booking value due to the successful launch of a new residential tower and the continued demand for high street retail shops on our Thane land.”
The total potential revenue from Raymond's current real estate business is estimated at Rs 32,000 crore, with over Rs 25,000 crore coming from its Thane land parcel and Rs 7,000 crore from four separate JDAs.
Raymond is currently in the process of demerging its real estate business and has obtained a no-objection certificate (NOC) from stock exchanges and approval from its shareholders.
In a recent interaction with Business Standard, Harmohan Sahni, CEO of Raymond Realty, stated that the business is expected to be listed during the second quarter of FY26.
During the first nine months of FY25, Raymond Realty's revenue soared by 69.02% YoY to Rs 1,546.91 crore, reflecting strong performance and market confidence in the company's projects.
Frequently Asked Questions
What was Raymond Realty's revenue in Q3 FY25?
Raymond Realty's revenue in Q3 FY25 was Rs 487.8 crore.
How much did Raymond Realty's revenue grow year-on-year in Q3 FY25?
Raymond Realty's revenue grew by 11% year-on-year in Q3 FY25.
What is the total potential revenue from Raymond's real estate business?
The total potential revenue from Raymond's real estate business is estimated to be Rs 32,000 crore.
When is Raymond Realty expected to be listed?
Raymond Realty is expected to be listed during the second quarter of FY26.
Who is the CEO of Raymond Realty?
Harmohan Sahni is the CEO of Raymond Realty.
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