| 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
- ₹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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- Value
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- Value
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- Execution
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- Value
- ₹409.0 Cr