Raymond Realty Limited (NSE:RAYMONDREL) filed an investor presentation on 19 August 2026 under Regulation 30 of SEBI Listing Regulations, disclosing Q1 FY27 financial results and project details, including pre-sales of Rs 700 crore, up 129% year-on-year.
Key Highlights
- Q1 FY27 pre-sales reached Rs 700 crore, representing 129% year-on-year growth driven by ongoing and newly launched projects.
- Total income for Q1 FY27 stood at Rs 536 crore, a 37% year-on-year increase, with EBITDA of Rs 70 crore and a margin of 13%.
- Customer collections in Q1 FY27 were Rs 550 crore, up 47% year-on-year, reflecting continued financial discipline per the filing.
- The total project portfolio, including ongoing and upcoming projects, has an estimated gross development value of Rs 52,000 crore, with unsold and unlaunched GDV exceeding Rs 39,000 crore.
About the Company
Raymond Realty Limited (NSE:RAYMONDREL), formerly known as Raymond Lifestyle Limited, is a Mumbai Metropolitan Region-focused real estate developer headquartered in Thane, Maharashtra. The company develops residential projects under three brands: TenX (aspirational), The Address by GS (premium), and Invictus by GS (luxury), operating across prime MMR micro-markets since 2019.
Announcement in Detail
The investor presentation disclosed standalone Q1 FY27 financials showing revenue from operations of Rs 527 crore (up 38% y-o-y) and net profit of Rs 13 crore, compared with Rs 16 crore in Q1 FY26, a 19% decline. Interest expense rose to Rs 47 crore from Rs 15 crore, comprising Rs 29 crore on bank borrowings and Rs 18 crore payable to government authorities including BMC, TMC, and MHADA for additional FSI and approvals.
The presentation also disclosed a total GDV of Rs 52,000 crore across own-land (Rs 25,000 crore) and joint development agreement projects (Rs 27,000 crore). The company's CARE credit rating stands at A+; Stable, with a debt-to-equity ratio of 0.6 as of FY26 and an average return on equity of 24% over the disclosed period. Management provided FY27 guidance of approximately 20% pre-sales growth and EBITDA margins of 17-19%.
Impact on Investors
Investors will note that while pre-sales and collections showed strong growth, net profit declined 19% year-on-year to Rs 13 crore in Q1 FY27, with PBT margin compressing from 5.4% to 2.8%. The filing shows interest expense tripled year-on-year, which shareholders will observe is a factor to monitor alongside the company's disclosed debt-to-equity ratio of 0.6.
The disclosed unsold and unlaunched GDV of over Rs 39,000 crore, and an estimated net surplus project-level cash flow of Rs 14,421 crore across the total portfolio, are the key pipeline metrics disclosed in the filing. The JDA model now contributes over 50% of gross GDV, reflecting the company's stated asset-light strategy.
Sector / Market Context
India's residential real estate sector has seen sustained demand in premium and luxury segments, particularly across the Mumbai Metropolitan Region, according to data cited by industry bodies such as CREDAI and ANAROCK. The MMR market has consistently ranked among the highest in new supply and absorption volumes in recent years, providing the broader operating context for Raymond Realty's portfolio expansion strategy.