BSECompany Update17h ago · 27 Oct 2026, 06:07 pm
Please find enclosed herewith the Investor Presentation.
Raymond Realty Ltd · 544420
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Raymond Realty Ltd has released an investor presentation for its unaudited financial results for the second quarter and half year ended September 30, 2026, highlighting its transition to an asset-light model, strong project pipeline, and cash flow visibility.
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Raymond Realty Ltd - 544420 - Announcement under Regulation 30 (LODR)-Investor Presentation
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RAYMOND REALTY LIMITED
RRL/SE/26-27/76
October 27, 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: Investor Presentation on the Unaudited Financial Results
(Standalone and Consolidated) for the Second Quarter and Half Year ended
September 30, 2026.
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 Investor
Presentation on the Unaudited Financial Results (Standalone and Consolidated) for the
Second Quarter and Half Year ended September 30, 2026.
The Meeting of the Board of Directors commenced at 03:40 P.M. and concluded at 05:00 P.M.
This intimation 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
INVESTOR
PRESENTATION
Q2 & H1 FY27 October 27th 2026
Table of Contents
1 Business Overview 3-16
2 Financial Results Q2 & H1 FY27 17-23
3 Project Details 24-40
Creating Legacy in Real Estate…..
Foray into Real Estate
1925 2019 2026+
PROJECTS
(NOS)
GDV INCOME EBITDA
52,000 3,039 495
20x 35x
3,500
FY20 FY26 FY20 FY26 FY20 FY26 FY20 FY26
Well Diversified Portfolio:
Strong Execution Capabilities: Successfully transitioned to Asset- Strong Growth Visibility:
With aspirational, premium, and Luxury
Till Date, Successfully Delivered 100% light growth model : Unsold & Unlaunched GDV > Rs.
brands (TenX, The Address by GS and
homes (3,700+) well ahead of RERA JDA model now contributes more than 38,000 cr provides a multi-year Pre-
Invictus by GS), Across prime micro-
timelines. 50% of the Gross GDV sales and Cash flow visibility
markets in the MMR.
Delivering an unprecedented growth, setting a new industry benchmark for speed and scale in Indian real estate.
Currently Positioned amongst the Top 10 Real Estate players in the country !!
GDV Breakup: Twin Engine Growth
₹ In Crs
T o t a
u n c
n u e
n c e
t T o
N E N G I N E
N L A N D E N G
D A s
Note: Project wise details are mentioned in “Project Details” section starting Slide No 24
** : Unsold also includes Unlaunched Inventory of the Launched Projects
Raymond Realty : Transitioned into an Asset light MMR platform
Scaling Through an Asset-Light JDA Model : Rapid JDA scale-up and premium realisation
GDV Share % : Own Land vs Asset Light JDA
120%
100% 100%
100%
KANDIVALI
64% THANE
60% 48%
0% 0% 0% SION
FY22 FY23 FY24 FY25 FY26 H1 FY27
WADALA
Thane Owned Land Asset Light JDA Model
MAHIM
• While JDAs represent 36% of total area, they account for 52% of portfolio GDV due to significantly higher
realisation in micro markets.
PAREL
• Current Non Thane Realizations average ~INR 35,000/sq ft (~1.5x Thane), led by marquee corridors like Bandra,
BKC, Sion and Wadala.
• Realizations will further improve as new launches are planned in Prime Micro markets like Mahim and Parel.
Therefore, Absolute EBIDTA per sq. ft shall improve even though the Margins in % terms may appear lower as
compared to Own-Land Thane projects.
launche Sold Unsold
Brand Portfolio: Launched, Sold Unsold
Brand Portfolio: Launched, Sold & Unsold
₹ In Crs
ASPIRATIONAL PREMIUM LUXURY
Launched Sold Unsold Launched Sold Unsold Launched Sold Unsold
₹7,100 ₹5,300 ₹1,800 ₹17,300 ₹6,800 ₹10,500 ₹3,600 ₹1,100 ₹2,500
Well diversified Portfolio offering across Price brackets
GDV Cash Realization Profile
₹ in Crs
₹13,200
Owned: 9,770
JDA: 3,430
Pre-Sales
₹8,834 ₹4,366 ₹14,800 ₹24,000
Total
Owned: 7,977 Owned:1,793 Owned: 6,730 Owned: 8,500
₹52,000
JDA: 857 JDA: 2,573 JDA: 8,070 JDA: 15,500
Launched Projects
₹28,000
Amount Collected* Outstanding Unsold Inventory Unlaunched Projects
Owned: 16,500 Collections
JDA: 11,500
Note: * Amount Collected also includes GST Amount
Strong Projected Cashflows from our Planned Project Launches
₹ In Crs
38,800 22,513
6,278
14,375
4,366
Estimated
Unsold & Unlaunched Balance Cost to Balance JDA
Particular Sold Receivables Balance Surplus
Inventory Complete Partner Share
Cashflow
On Going Projects - Already
4,366 14,800 8,722 1,873 8,571
Launched
Upcoming Projects - To be Launched 0 24,000 13,791 4,405 5,804
TOTAL 4,366 38,800 22,513 6,278 14,375
Overall Project portfolio (Ongoing + Upcoming) estimated to generate over ₹ 14,375 crore net surplus Project level cash flows !
Notes: Project cashflows calculation: Cost to complete includes Construction cost, approval costs. Selling & Marketing expenses would be additional approx. 5-6% of the Revenue.
Estimated sales value is based on management estimates, Construction costs are based on management estimates and includes land/Approval/FSI related costs
Going Forward Guidance FY27
PRE-SALES GROWTH
ROCE
~ 17-19%
EBITDA MARGIN
~ 9-10%
PAT MARGIN
Capital Profile, End Use & Returns
₹ in Crs
Debt Net Worth GDV
Avg. ROE
52000
42000
38735 2842
2581
H1 FY27 DEBT/EQUITY
27575 27575 0.8
1220
25000
1014
1459
1382 Cost of Debt
293 9.6 %
733 160 1567 1622
163 1268
1089
753 Credit Rating
CARE A+; Stable
FY 22 FY 23 FY 24 FY 25 FY 26 H1 FY27
Profitable growth delivered with financial discipline.
Strong Track Record
₹ in Crs
CAGR 28% PRE-SALES CAGR 42% COLLECTIONS
1887
3023 1725
1570
2249 2314 1282
1609
399 214 260
FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY20 FY21 FY22 FY23 FY24 FY25 FY26
CAGR 60% CAGR 81% EBITDA
REVENUE 2991
2313 437
1593
1115
182 141
14 27
FY20 FY21 FY22 FY23 FY24 FY25 FY26
FY20 FY21 FY22 FY23 FY24 FY25 FY26
Management Team
Driving Growth Through Strong Governance & Independent Oversight
• Board Independence : 100%
i.e. All the Board
Committees are chaired by
KUMMAMURI NARASIMHA
Independent Director. GAUTAM HARI SINGHANIA HARMOHAN SAHNI GAUTAM TRIVEDI
MURTHY
Chairman ManagingDirector Non - Executive Director
Independent Director
• Audit Committee – 100%
Independent Directors and Led Raymond for over 35 yrs. 30+ years of experience in the Real 40+ years of Finance & Governance 30+ years of experience in Investment
Under his leadership, the Group Estate & Core Sectors. experience across public & private Banking and Capital Markets.
Chaired by Independent strategically diversified into real Ex- ECL Finance Limited (Edelweiss sectors. Ex- Religare Capital & Goldman Sachs
Director. estate and continues to scale new Group) & G Corp Developers Pvt. Ltd. Ex- Axis Bank, IDBI Bank, Max
growth avenues. Healthcare, LIC Housing Finance &
the National Stock Exchange (NSE)
• Nomination & Remuneration
Committee – 100%
Independent Directors and
Chaired by Independent
Director.
• Related Party Transactions -
Independent 3rd party review
ASHISH KAPADIA DIPALI SHETH BHARAT KHANNA VIRENDRA SINGH
& certification by M/s. E&Y LLP. Non - Executive Independent Director Independent Director Independent Director
Independent Director
• Statutory Auditor : Walker 25+ years of leadership experience ~25 years of real estate experience, 40+ years of experience on Civil &
~20 years of experience across across HR, Strategy, and currently serving as the Managing Criminal side in the District and
Chandiok & Co LLP (Grant diverse business sectors, currently Transformation in Global Director of Greenoak India Sessions Court.
Thornton) and Chaturvedi & serving as the Managing Director of Organizations. Investment Advisors. Ex- Judge, Bombay High Court and
Delta Corp Limited. Ex- Standard Chartered, RBS, Protean Ex- Morgan Stanley & O
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