ALFA Finder| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | 37% YoY growth to ₹536 Cr driven by strong MMR sales. |
|---|---|
| Margins | EBITDA margins rose to 13%; full-year target is 17-19%. |
| Order book | GDV of ₹52,000 Cr provides multi-year pre-sales visibility. |
| Demand visibility | Strong homebuyer confidence across MMR and Thane micro-markets. |
| Management confidence | Balanced and optimistic, highlighting successful execution of the JDA model. |
Growth
Revenue grew 37% YoY to ₹536 Cr, while EBITDA surged 70% with margins expanding to 13%.
Outlook
Management guided for 20% minimum revenue and pre-sales growth for FY27 with 17-19% EBITDA margins.
Risks
Rising construction costs due to global conditions and potential regulatory shifts in Maharashtra remain key concerns.
Last quarter's promises, checked
Delivered
- Guided 50-50 mix Thane/JDA by FY27 → delivered 54% JDA in FY26 (= BEAT)
- Guided 20% min pre-sales growth → delivered 139% surge in Q4 bookings (= BEAT)
- Guided 1:1 Debt-to-Equity ceiling → delivered 0.6x (= BEAT)
Partly delivered
- Guided 5,000-10,000 Cr new GDV additions → delivered 3,000 Cr (= PARTIAL)
- Guided 20% EBITDA margin target → delivered 16% blended for FY26 (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: RAYMONDREL. Summary written with AI assistance from the document.
Raymond Realty Ltd: key numbers
- Share price
- ₹561.05
- Market cap
- ₹3,741 Cr
- Revenue (annual)
- ₹2,991 Cr
- Net profit (annual)
- ₹304.6 Cr
- P/E (TTM)
- 12.7×Sector 38.0×
- Promoter holding
- 50.93%+0.00% QoQ
- FII holding
- 6.21%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Raymond Realty Ltd
All →Raymond Realty Convertible Warrants
Raymond Realty allotted 66,57,373 convertible warrants to J K Investors (Bombay) on a preferential basis. Each warrant is priced at ₹614, with 25% paid upfront.
- Value
- ₹408.8 Cr
- Execution
- Balance 75% payable within 18 months of allotment
Raymond Realty Employee Stock Options
Raymond Realty allotted 1,04,211 equity shares to its ESOP Trust under the RRL ESOP Scheme 2025 following option exercises. Paid-up capital rose to Rs 66.68 Crore.
Raymond Realty Management Change
Raymond Realty said joint statutory auditor Chaturvedi & Shah LLP resigned on 28 October 2026 after a dispute over audit fee revision. Walker Chandiok & Co LLP continues as the other statutory auditor.
Raymond Realty Earnings Call Transcript: Key Takeaways
Raymond Realty delivered a solid quarter with pre-sales nearly doubling through velocity in existing projects rather than new launches. Management is pivoting toward an asset-light JDA model to scale MMR presence.
- Call
- Guides 20% growth
Raymond Realty Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹749 Cr (+7%), PAT ₹53 Cr (-12%); H1 revenue ₹1,275 Cr (+18%), pre-sales ₹1,602 Cr (+111%). Asset-light JDA scale-up is driving pre-sales.
Raymond Realty Q2 FY27 Results: Net Profit ₹53.1 Cr, Down 11.8% YoY
Raymond Realty Ltd reported revenue from operations of ₹748.5 Cr (+7.4% YoY) and net profit of ₹53.1 Cr (-11.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹53.1 Cr · -11.8% YoY