Raymond Registers 36% Revenue Growth in Q3 FY25, Driven by Real Estate and Engineering
Raymond Limited continued its impressive growth trajectory, reporting a healthy quarterly performance with a 36% increase in consolidated revenue, primarily driven by its Real Estate and Engineering sectors.
Raymond LimitedReal EstateEngineeringQ3 Fy25Financial ResultsReal EstateJan 30, 2025
The company delivered a strong performance, with a significant 36% year-over-year increase in consolidated quarterly revenue, driven by robust contributions from its Real Estate and Engineering segments.
Financial Highlights- Revenue ₹985 Crores in Q3 FY25, up from ₹727 Crores in Q3 FY24, marking a 36% growth.- EBITDA ₹169 Crores in Q3 FY25, up from ₹127 Crores in Q3 FY24, reflecting a 33% increase.- EBITDA Margin 17.2% in Q3 FY25, slightly down from 17.5% in Q3 FY24.- PBT (before exceptional items) ₹100 Crores in Q3 FY25, up from ₹87 Crores in Q3 FY24, a 14% growth.- PBT Margin (before exceptional items) 10.1% in Q3 FY25, compared to 12.0% in Q3 FY24.
Real Estate BusinessThe Real Estate segment of Raymond Limited witnessed a steady performance, contributing significantly to the overall growth.
Revenue from this segment stood at ₹488 Crores in Q3 FY25, a 11% increase from ₹439 Crores in Q3 FY24.
The segment reported an EBITDA of ₹116 Crores, up from ₹97 Crores in the corresponding period last year.
The EBITDA margin for the quarter was 23.8%, a slight improvement from 22.1% in Q3 FY24.
The company launched a new residential tower in its Address by GS 2.0 project in Thane, which received an overwhelming response.
Additionally, the Park Avenue – High Street Reimagined Retail project, launched in the previous quarter, continued to gain traction.
This innovative high street retail project in Thane is set to host premium aspirational brands.
Raymond Realty is committed to delivering projects within committed timelines, a track record that has been highly appreciated by customers, leading to increased customer confidence.
The total potential revenue from the current Real Estate Business is estimated at ₹32,000 Crores, including ₹25,000 Crores from the Thane land parcel and ₹7,000 Crores from four separate JDA projects.
Engineering BusinessThe Engineering segment also contributed positively, with sales reaching ₹433 Crores in Q3 FY25, a substantial increase from ₹217 Crores in Q3 FY24.
This growth includes the impact of the MPPL acquisition completed in March 2024.
The segment reported an EBITDA margin of 12.0%, down from 13.8% in Q3 FY24, primarily due to changes in the product mix.
The auto components and engineering consumable categories faced challenges due to sluggish export markets and weak demand, influenced by geopolitical issues.
However, the aerospace business is expected to see growth post-resolution of production issues faced by one of the largest aircraft manufacturers, which led to order delays.
Future OutlookCommenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited, stated, 'We have seen continued growth momentum in our Real Estate business, with strong booking values driven by the successful launch of a new residential tower and continued traction in high street retail shops on our Thane land.
We are optimistic about the future of our Engineering business, particularly in the aerospace sector, where we see significant growth opportunities.
As we enter the last quarter of the financial year, we remain positive about the growth trends across our businesses and are confident in our ability to deliver sustained value to our stakeholders.'
Raymond Limited continues to maintain a strong financial position, with a net cash surplus of ₹696 Crores available for future growth.
The company's focus on delivering projects within committed timelines and its commitment to innovation and customer satisfaction are key factors driving its continued success.
Frequently Asked Questions
What was Raymond Limited's revenue in Q3 FY25?
Raymond Limited's revenue in Q3 FY25 was ₹985 Crores, marking a 36% increase from ₹727 Crores in Q3 FY24.
How much was the EBITDA for Raymond Limited in Q3 FY25?
The EBITDA for Raymond Limited in Q3 FY25 was ₹169 Crores, which is a 33% increase from ₹127 Crores in Q3 FY24.
What was the revenue from the Real Estate segment in Q3 FY25?
The revenue from the Real Estate segment in Q3 FY25 was ₹488 Crores, a 11% increase from ₹439 Crores in Q3 FY24.
What initiatives did Raymond Realty launch in Q3 FY25?
In Q3 FY25, Raymond Realty launched a new residential tower in its Address by GS 2.0 project in Thane and continued to gain traction with the Park Avenue – High Street Reimagined Retail project.
What are the future growth opportunities for Raymond Limited's Engineering business?
The future growth opportunities for Raymond Limited's Engineering business, particularly in the aerospace sector, are expected to grow post-resolution of production issues faced by a major aircraft manufacturer.
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