Raymond Realty: current Real Estate Business is now close to ~₹ 40,000 Cr

 

  • Raymond Realty: current Real Estate Business is now close to ~₹ 40,000 Cr


  • The total potential revenue from  current Real Estate Business is now close to ~₹ 40,000 Cr, which includes: 
  • THANE LAND PARCEL – 100 Acres with ~ ₹ 25,000 Cr Potential Revenue: 
  • Have ~55 acres of Thane Land parcel currently under development which translates to ~5.8Mn square feet of RERA Carpet Area with a potential revenue of ~ ₹ 13,200 Cr, of which, have already sold ~ ₹ 8,200 Cr and collected an amount of ~ ₹ 6,300 Cr so far. 
  • During the quarter, launched two new residential towers, Address by GS Season 3 and Invictus Tower B in Thane, which received an overwhelming response. 
  • Further, witnessed continued traction in bookings across projects, especially in Ten X Era and the Address by GS Bandra. 
  • JDA Led Model – Six JDA’s with ~ ₹ 14,000 Cr Potential Revenue 
  • Committed to future expansion through an asset-light business model via the JointDevelopment Agreement (JDA) route. 
  • Currently have a grand total of six JDA’s in portfolio, of which, one is currently launched and under development. 
  • Remain on track to launch about three to four of the remaining five JDA’s over the next 6 to 9 months and balance over the next 12 to 18 months. 
  • In Q2 FY26, the company achieved a booking value of ₹ 455 Cr, primarily driven by demand for Ten X Era in Thane and 'The Address by GS' in Bandra. Raymond Realty Limited continues to be Net Cash Surplus with ₹ 48 Cr.
  • Commenting on the performance, Mr. Harmohan Sahni, Managing Director, Raymond Realty Limited said; “Our performance this quarter continued to align with our expectations. We continue to be on track with our strategic plan for the second half of the year, which anticipates higher operational activity driven by a pipeline of new project launches. We remain dedicated to delivering value to our shareholders through the diligent execution of our growth strategy”
  • During the quarter, the Raymond Realty Limited delivered a total income of ₹ 706 Cr in Q2 FY26 vs ₹ 589 Cr in Q2FY25, a 20% Y-o-Y growth. 
  • The revenue for the period is aligned with our expectations primarily reflecting a moderation in sales from our mature projects due to low inventory levels. 
  • This was balanced by steady progress in preparing new projects for launch in the second half of the fiscal year (H2). 
  • Reported an EBITDA of ₹ 101 Cr in Q2 FY26 from ₹ 95 Cr in Q2 FY25 and an EBITDA margin at 14.3% in Q2FY26 vs 16.2% in Q2FY25. 
  • Remain steadfast in fiscal strategy. 
  • As planned, anticipate higher activity and robust sales performance in H2 driven by the scheduled new project launches. 
  • Dedicated to delivering exceptional value to shareholders through the execution of this strategy.

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