Raymond Realty revenue drops 23% to ₹374 crore in first quarter as standalone entity 

Raymond Realty Ltd reported a 23 per cent year-on-year decline in revenue to ₹374 crore for the first quarter of FY26, marking its first quarterly results since listing as a separate entity on July 1, 2025, following its demerger from Raymond Ltd.

The Mumbai-based real estate developer’s total income fell to ₹392 crore from ₹498 crore in the same quarter last year. EBITDA dropped 39 per cent to ₹41 crore, with margins compressing to 10.5 per cent from 13.5 per cent in Q1 FY25. The company attributed the decline to low inventory levels in mature projects and natural sales tapering.

Booking value decreased significantly to ₹306 crore from ₹611 crore in the previous year, primarily driven by sales from The Address by GS 2.0 and Ten X Era in Thane. Collections stood at ₹374 crore, compared to ₹483 crore last year.

Managing Director Harmohan Sahni said the performance was in line with expectations and indicated stronger activity in the second half, with new project launches planned. The company maintains a portfolio with gross development value of approximately ₹40,000 crore, including 100 acres in Thane with ₹25,000 crore potential revenue and six Joint Development Agreements worth ₹14,000 crore.

Raymond Realty remains debt-free with a net cash surplus of ₹233 crore. The company plans to launch three to four JDA projects over the next six to nine months.

The shares of Raymond Realty Ltd ended at ₹728 on the NSE today, up by ₹33.25 or 4.79 per cent.

Published on August 5, 2025