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Earnings Call

Raymond Realty Earnings Call: Key Takeaways

Raymond Realty delivered a strong FY26 with a 139% surge in quarterly bookings and successful execution of its asset-light JDA strategy, reaching a key 50:50 portfolio mix a year ahead of schedule.

Why this was an Alfa AlertAchieved a 50:50 JDA-to-own-land portfolio mix in FY26, beating the prior guidance of FY27 by one full year.
Highlights
Revenue growthTotal income grew 29% YoY; Q4 income spiked 53%.
MarginsFY26 blended EBITDA at 16%; Q4 achieved 21.5%.
Order bookJDA portfolio comprises 7 projects with ₹17,000cr revenue potential.
Demand visibilitySteady MMR demand driven by actual users prioritizing brand reliability.
Management confidenceConfident, highlighting milestone achievement one year ahead of schedule.

Growth

Total income grew 29% YoY to ₹3,039cr; Q4 income surged 53%. Booking values show a 50% 6-year CAGR.

Outlook

Targeting 20% growth in pre-sales and revenue; EBITDA margins guided between 16-18% for FY27.

Risks

Intense competition in the Thane micro-market limits pricing power; ongoing cash-flow negativity due to high upfront approval costs.

Source

Earnings Call filed with BSE, NSE: RAYMONDREL. Summary written with AI assistance from the document.

Read the document ↗

Raymond Realty Ltd: key numbers

Share price
₹711.30
Market cap
₹4,735 Cr
Revenue (annual)
₹2,991 Cr
Net profit (annual)
₹304.6 Cr
P/E (TTM)
15.7×Sector 35.8×
Promoter holding
50.93%+0.22% QoQ
FII holding
5.85%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:01 IST BSE
Management Change

Raymond Realty Management Change

Raymond Realty Limited has appointed Salil Bawa as Group Head – Investor Relations for the Raymond Group to lead investor engagement and capital-markets strategy.

18:05 IST BSE
Annual General Meeting

Raymond Realty Annual General Meeting

Raymond Realty Limited announced an Extra-ordinary General Meeting (EGM) to be held on October 8, 2026, via video conferencing.

18:00 IST BSE
Annual General Meeting

Raymond Realty Annual General Meeting

Raymond Realty Limited issued an EGM notice to approve increasing its authorised share capital and a preferential issue of 66,57,373 warrants for ₹408.76 Crore.

Value
₹408.8 Cr
20:06 IST BSE
Capital Structure Change

Raymond Realty Capital Structure Change

Raymond Realty increased its authorized share capital from 7.00 Crore to 7.50 Crore shares to facilitate a proposed preferential issue of convertible warrants.

20:05 IST BSE
Capital Structure Change

Raymond Realty Capital Structure Change

Raymond Realty Limited board approved a preferential issue of 66.57 lakh convertible warrants to J K Investors (Bombay) Limited for ₹408.76 Crore.

Value
₹408.8 Cr
Execution
18 months
17:59 IST BSE
Fund Raise

Raymond Realty Fund Raise of ₹409 Cr

Raymond Realty's board approved raising funds through a preferential issue of 66,57,373 convertible warrants at ₹614 each, aggregating approximately ₹409 Crore.

Value
₹409.0 Cr