Mumbai, August 8, 2026: Raymond
Realty Limited today announced its unaudited financial results for the quarter
ended 30th June 2026.
KEY HIGHLIGHTS
●
Strong Booking Value Trajectory: Achieved a robust Booking Value (BV) of ₹700 Crore in
Q1FY27, marking an outstanding 129% growth compared to ₹306 Cr in
Q1 FY26
●
Booking Value Contribution Mix: JDAs - 64%; Thane Land Parcel - 36% for the quarter
●
Strong Growth Visibility: Total portfolio is now ~ ₹52,000 Cr in Gross
Development Value (GDV), with a prudent mix of Own land as well as JDA projects
●
Customer Collections of ₹ 550 Cr in Q1FY27 vs ₹ 374 Cr in Q1FY26, 47%
Y-o-Y growth
●
Total Income of ₹ 536 Cr in Q1FY27 vs ₹ 392 Cr in Q1FY26, 37%
Y-o-Y growth
●
EBITDA of
₹ 70 Cr in Q1FY27 vs ₹ 41 Cr in Q1FY26, 70% Y-o-Y growth
●
Net Debt of
₹ 824 Cr, Debt to Equity ratio of 0.7x, well below the ceiling
of 1.0x
Particulars
(₹ Cr.):
●
Total Income: Q1FY27 – 536 | Q1FY26
– 392 | YoY – 37%
●
EBITDA: Q1FY27 – 70 | Q1FY26 – 41 |
YoY – 70%
●
EBITDA Margin %: Q1FY27 – 13% |
Q1FY26 – 11%
●
PBT (before exceptional items):
Q1FY27 – 15 | Q1FY26 – 21 | YoY – (29%)
●
PBT Margin (before exceptional
items): Q1FY27 – 2.8% | Q1FY26 – 5.4%
Raymond
Realty’s financial performance in Q1 FY27 continued with its robust momentum
and significant scale, with Total Income of ₹ 536 Cr in Q1
FY27 vs ₹ 392 Cr in Q1 FY26, a robust growth of 37% Y-o-Y, driven by
strong demand and a healthy delivery pipeline across all our projects. EBITDA
surged to ₹ 70 Cr in Q1 FY27 vs ₹ 41 Cr in Q1 FY26, a 70%
Y-o-Y growth driven by an optimized product mix. EBITDA margins were at
13% vs 11% in Q1 FY26, on account of expected seasonality and in line with
our expectations. Our margins naturally fluctuate by project phase and launch
timing, as initial profitability reflects upfront marketing and construction
setup costs. Margins will progressively normalize over subsequent quarters as
project construction crosses revenue-recognition thresholds. We remain
firmly on track to meet our EBITDA margin guidance of 17% - 19% for the FY27.
Strategic Portfolio & Operational Review
Aligned with our strategic roadmap, securing the landmark
~ ₹8,500 Crore JDA project in Parel reflects our strategic
transition to an asset-light growth model. This milestone agreement accelerates
our expansion into South Mumbai, demonstrating strong confidence in the
enduring value of the city’s high-end housing sector. Our total portfolio is
now ~ ₹52,000 Crore in Gross Development Value (GDV), reflecting a
diversified and high-growth asset base across the MMR.
100 Acre Thane Land Parcel: Cornerstone
of our initial success, with a ~ ₹25,000 Crore revenue potential.
●
Development Velocity: Approximately 65 acres are currently under development,
representing ~6.7 million sq. ft. of RERA carpet area and a revenue potential
of ~ ₹16,500 Crore
●
Sales Milestones: Performance remains robust with ~ ₹9,400 Crore already
sold and Collections reaching ~ ₹7,460 Crore to date
JDA
Portfolio: The Structural Pivot to Asset-Light Growth,
which now comprises eight projects with a combined revenue potential of ~
₹27,000 Crore.
●
Development Velocity: 4 JDA projects have been launched in Bandra, BKC, Wadala and
Sion, representing ~ 2.8 million sq. ft. of RERA carpet area and a
revenue potential of ~ ₹11,500 Crore. These marquee developments are the
flagship pillars of our JDA portfolio and a testament to our ability to scale
with speed and sophistication.
●
Sales Milestone: Performance remains strong with ~ ₹2,900 Crore already
sold and collections reaching ~ ₹692 Crore to date
●
Pipeline Visibility: The recent signings of two new JDA projects in Kandivali (~
₹3,000 Crore) & Parel (~ ₹8,500 Crore) will further
solidify our presence in prime MMR micro-markets.
Performance
& Liquidity
●
Booking Momentum: In Q1FY27, we secured a booking value of ₹700 Crore,
propelled by unwavering demand for the Ten X, The Address by GS and
Invictus by GS brands across Thane, Bandra, BKC, Wadala and Sion continuing
to demonstrate exceptional market pull and buyer loyalty.
●
Prudent Leverage: Maintaining a healthy balance sheet, we concluded the
quarter with a Net Debt of ₹824 Crore and a debt / equity ratio of
0.7x comfortably below our 1.0x ceiling, providing headroom for future
expansion.
●
Liquidity & Cost of Debt: With a ₹271 Crore liquidity buffer, we are fully
funded for the next year of construction spends. Our Cost of Debt remains
stable at ~9.60%.
For FY27
Guidance, Raymond Realty remains committed to a robust growth trajectory,
targeting ~20% growth in both pre-sales and revenue. We
are also focused on achieving a Return on Capital Employed (ROCE) of ~20%,
and we remain firmly on track to deliver an EBITDA margin profile in the
range of 17%–19%.
Commenting on the performance, Mr. Harmohan Sahni,
Managing Director & CEO, Raymond Realty Limited said; " We have
entered FY27 with strong operational momentum, carrying forward the scaled
execution and strategic clarity that defined our performance last year. Our
performance this quarter reflects sustained homebuyer confidence in the Raymond
Realty brand and the continued success of our disciplined, asset-light JDA
strategy across prime micro-markets in the MMR. We remain committed to sharp
execution, financial prudence, and accelerating our growth trajectory to
deliver long-term value to our shareholders."
About Raymond Realty
Raymond Realty Limited is one of India’s fastest-growing
real estate developers, headquartered in Mumbai and part of the iconic Raymond
Group. Bringing the Group’s century-long legacy of trust, quality, and
excellence into the real estate sector, Raymond Realty is a focused, pure-play
branded real estate developer with a strong presence across the Mumbai
Metropolitan Region (MMR). Since its foray into real estate in 2019, the
company has already carved position amongst the Top 10 Real Estate players in
the country and delivered landmark residential and commercial projects
characterized by superior design, timely execution, and customer-centric
innovation. With iconic aspirational, premium, and super premium residential
brands (TenX, The Address by GS and Invictus by GS), 100
acre owned land and 8 Joint Development Agreements, the company currently has
an estimated gross development value of approximately ₹520 billion.
Disclaimer:
Certain statements in this document may be forward-looking statements.
Such forward-looking statements are subject to certain risks and uncertainties
like regulatory changes, local political or economic developments,
technological risks, and many other factors that could cause our actual results
to differ materially from those contemplated by the relevant forward-looking
statements. Raymond Realty Limited will not be in any way responsible for any
action taken based on such statements and undertakes no obligation to publicly
update these forward-looking statements to reflect subsequent events or
circumstances.
To know more, visit us today at www.raymondrealty.in
For further information, please contact:
Shalini
Singh
Corporate
Communications Raymond Limited
Tel: 022
6152 7624 | Email: Shalini.singh@raymond.in