NSEPress Release5 Oct 2026 · 5 Oct 2026, 11:24 am
Press Release
Raymond Realty Limited · RAYMONDREL
✦ AI Summary▲ PositiveResults
Raymond Realty Limited has released provisional operational numbers for Q2 FY27, with pre-sales rising 98% YoY to ₹902 Crore and collections increasing 67% YoY to ₹682 Crore. The company has also announced a strong pipeline of scheduled launches in MMR, representing a cumulative GDV of over ₹4,100 crore.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Raymond Realty Limited has informed the Exchange regarding a press release dated October 05, 2026, titled "Raymond Realty Limited - Key Operational Updates - Q2 FY27".
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RAYMOND REALTY LIMITED
RRL/SE/26-27/63
October 05, 2026
The Department of Corporate Services – CRD, National Stock Exchange of India Limited,
BSE Limited, Exchange Plaza, 5th Floor,
P.J. Towers, Dalal Street, Bandra-Kurla Complex,
Mumbai - 400 001. Bandra (East), Mumbai - 400 051.
Scrip Code: 544420 Symbol: RAYMONDREL
Dear Sir/Madam,
Sub: Raymond Realty Limited: Intimation under Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 – Press Release.
Ref: Raymond Realty Limited (ISIN: INE1SY401010).
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015 (‘SEBI Listing Regulations’), we enclose herewith the Press Release –
Raymond Realty Limited - Key Operational Updates - Q2 FY27.
This information shall also be made available on the website of the Company i.e.
www.raymondrealty.in in terms of Regulation 30 and 46 of the SEBI Listing Regulations.
Kindly take the same on record and acknowledge.
Thanking You,
Yours faithfully,
For Raymond Realty Limited
(formerly known as Raymond Lifestyle Limited)
Hiren Sonawala
Company Secretary
Encl: a/a
Regd. Offic e: Jekegram, Pokhran Road No.1, Thane (W)- 400 606.
CIN: L41000MH2019PLC332934 | Tel.: +91 22 6837 3700 | Website: raymondrealty.in | Email ID: raymondrealty.corporate@raymond.in
Raymond Realty: Q2 FY27 Operational Update
• Raymond Realty nearly doubles Q2 FY27 pre-sales to ₹902 Crore; H1 FY27 pre-sales up
111% to ₹1,602 Crore
• Q2 FY27 Collections up 67% YoY · Thane tower delivered ~18 months ahead of RERA
date · ₹4,100 Crore of Mahim launches planned for H2 FY27 · CARE A+ (Stable)
reaffirmed
Mumbai, October 5, 2026: Raymond Realty Limited today released provisional
operational numbers for Q2 FY27 (July–September 2026). Pre-sales rose 98% YoY
to ₹902 Crore and collections rose 67% YoY to ₹682 Crore.
The quarter experienced no new project launches, with growth driven entirely by
sustained sales velocity and steady price realization within the existing "Address by
GS" portfolio.
Performance at a glance: Provisional Operational Metrics* (₹ Cr.)
Q2 Q2 H1 H1
Particulars FY27 FY26 YoY % FY27 FY26 YoY %
Pre-Sales 902 455 98% 1602 760 111%
Collections 682 409 67% 1233 783 57%
* These figures are strictly provisional and are subject to review.
Management commentary
Commenting on the performance, Mr. Harmohan Sahni, Managing Director & CEO,
Raymond Realty Limited, said: “We nearly doubled pre-sales this quarter without
any new launches, supported by resilient sustenance sales and continued homebuyer
confidence in our projects. Simultaneously, the 67% year-on-year growth in collections
highlights our focus on cash flow efficiency. Furthermore, receiving the Occupation
Certificate (OC) for The Address by GS Season 1 Tower B approximately 18 months
ahead of its RERA timeline stands as a strong testament to our execution capabilities.
Looking ahead, our focus centres on scaling our operational footprint through a strong
pipeline of scheduled launches in MMR. Representing a cumulative GDV of over
₹4,100 crore, these launches are expected to strengthen our market position and
support our objective of achieving the pre-sales guidance for FY27.
Our approach remains disciplined: grow based on collections, keep leverage well
within our ceiling, and compound returns for our shareholders.”
Q2 FY27 Operational Highlights:
• Robust Pre-Sales Trajectory: Q2 FY27 pre-sales of ₹902 Crore were up 98%
YoY over the ₹455 Crore recorded in Q2 FY26. Even without any new project
launches this quarter, the company maintained high sales momentum and
steady price realization. This performance reflects deep consumer trust in the
brand and was heavily supported by continued velocity in the 'Address by GS'
portfolios.
• Resilient Cash Collections: Maximizing cash pipeline efficiency, our quarterly
collections rose 67% YoY to reach ₹682 Crore. These sustained collections
reflect healthy customer demand and strong execution across projects.
• Completed Projects: During Q2 FY27, OC received for Address by GS
Season 1 Tower B in Thane comprising of 270 units, Total RERA Carpet Area
of 3,44,478 sq. ft., well ahead of RERA Timelines (Proposed RERA Completion
Date was Mar-28).
• New Planned Launches: We are accelerating our growth trajectory over the
next two quarters with a strong pipeline of MMR launches, representing a
cumulative GDV of over ₹4,100 crore. The current financial year will feature two
premier JDA project launches:
Project GDV (₹ Cr) RERA Area (Mn sq. ft.)
Mahim 1 1800 0.41
Mahim 2 2300 0.39
Total 4100 0.80
• Leverage under control: During the quarter, our gross borrowings increased
by ₹125 crore, bringing the total to ₹1,220 crore as of September 30, 2026.
These drawdowns were primarily utilized to fund construction across our FY26
project launches. Backed by liquidity of ₹306 crore, net debt stood at ₹914
crore, maintaining a net debt-to-equity ratio well below our Board-approved
ceiling of 1.0x. This capital deployment is fully aligned with a robust collection
pipeline and is strategically positioned to unlock key revenue milestones over
the next 12 to 18 months.
• Credit rating Update: CARE reaffirmed Raymond Realty at CARE A+ with a
Stable outlook, citing consistent booking momentum, an improving launch
pipeline and healthy execution on the existing portfolio.
• FY27 guidance Update: Raymond Realty remains on track for ~20% growth
in pre-sales, ROCE of ~20%, EBITDA margin of 17–19% and PAT margin of
9–10%.
About Raymond Realty
Raymond Realty Limited is one of India’s fastest-growing real estate developers, headquartered in Mumbai and
part of the iconic Raymond Group. Bringing the Group’s century-long legacy of trust, quality, and excellence into
the real estate sector, Raymond Realty is a focused, pure-play branded real estate developer with a strong
presence across the Mumbai Metropolitan Region (MMR). Since its foray into real estate in 2019, the company
has already carved a position amongst the top 10 Real Estate players in the country and delivered landmark
residential and commercial projects characterized by superior design, timely execution, and customer-centric
innovation. With iconic aspirational, premium, and luxury residential brands (TenX, The Address by GS and
Invictus), 100 acre owned land and 8 Joint Development Agreements, the company has an estimated gross
development value of approximately ₹52,000 crores.
About Raymond Group:
Raymond Group is a diversified Indian conglomerate with a presence across Engineering, Aerospace &
Defence, Automotive, Real Estate and Lifestyle, through its three listed entities — Raymond Limited, Raymond
Lifestyle Limited and Raymond Realty Limited. The Group is transforming into a new-age enterprise, building
businesses with strong technology, manufacturing capabilities, execution excellence and long-term growth
potential. Raymond Limited is focused on Engineering, Aerospace & Defence and Automotive businesses,
with capabilities spanning precision engineering, aerospace components, automotive components and defence
applications, serving leading global and Indian customers. Raymond Realty Limited is a focused real estate
developer with a strong presence across the Mumbai Metropolitan Region, developing large-scale residential and
commercial projects with an estimated gross development value of approximately ₹52,000 crores. Raymond
Lifestyle Limited is one of India’s leading integrated players in branded apparel, premium fabrics and garmenting,
with a retail presence across 600+ cities and 1,600+ stores. Built on a legacy of Trust, Quality and Excellence,
Raymond is leveraging its strong heritage, manufacturing capabilities and consumer franchise to create a
diversified group positioned for the next phase of growth across Engineering, Aerospace & Defence,
Automotive, Real Estate and Lifestyle.
Disclaimer
This release contains forward-looking statements on launches, guidance and future
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