Raymond Realty Reports 139% Jump in Q4 Pre-Sales, Driven by Strong MMR Demand
Raymond Realty, the real estate development arm of the Raymond Group, reported a strong fourth quarter for FY26, with pre-sales rising 139% year-on-year to ₹1,519 crore, compared with ₹636 crore in the same period last year. This significant growth underscores the company’s strong market position and the increasing demand for residential properties in the Mumbai Metropolitan Region (MMR).
Collections for the quarter increased 4% to ₹515 crore from ₹496 crore a year earlier, reflecting the company's consistent financial performance. For the full year, pre-sales rose 31% to ₹3,023 crore from ₹2,314 crore in FY25. However, collections declined 9% year-on-year to ₹1,725 crore from ₹1,887 crore, which the company attributes to strategic project management and market conditions.
The company's strong performance in the March quarter was supported by launches across the MMR, including projects in Thane, Wadala, Sion, and Bandra Kurla Complex (BKC). These launches saw steady traction, particularly in the premium housing segment, which is a key focus area for Raymond Realty. The company's ability to attract buyers in these areas is a testament to its reputation for quality and reliability.
During the quarter, Raymond Realty secured a redevelopment project in Kandivali with an estimated gross development value (GDV) of ₹3,000 crore. This project is part of the company's strategy to expand its development pipeline and capitalize on the growing demand for modern, sustainable housing solutions. The company remains on track to activate a development pipeline of around ₹43,000 crore across the MMR over the next few years, positioning it as a leading player in the region.
On the financial front, net debt stood at about ₹605 crore, remaining below its internal threshold of 1x net debt-to-equity. This prudent financial management ensures that the company remains financially stable and well-positioned to pursue growth opportunities. The company reported a liquidity buffer of ₹414 crore, providing a strong foundation for future investments. The cost of debt stood at around 9.60%, which is competitive in the current market environment.
EBITDA margin for FY26 came in at 13%, with some improvement seen during the fourth quarter. This margin is a key indicator of the company's operational efficiency and profitability. Despite challenges, Raymond Realty has managed to maintain a healthy financial profile, which is crucial for sustaining long-term growth and meeting the evolving needs of its customers.
Looking ahead, Raymond Realty is well-positioned to capitalize on the growing demand for high-quality residential properties in the MMR. The company's focus on premium housing, strategic project launches, and financial discipline will continue to drive its success in the competitive real estate market.
