Listed separately as a pure play real estate business on July 1, 2025

*These figures represent historical financial performance including the Raymond Realty Division of Raymond Limited before its demerger on April 01, 2025(appointment date). Figures are provided solely for ease of comparison and does not form part of the published financial results in SEBI format.

BENGALURU, AUGUST 5, 2025 (GPN): Raymond Realty Limited today announced its unaudited financial results for the quarter ended 30^th June 2025.

Particulars (Rs. Cr.)	Q1 FY26	Q4 FY25*	Q1 FY25*	YoY
Revenue	374	766	488	(23%)
Other income	18	4	11	64%
Total Income	392	771	498	(21%)
EBITDA	41	170	67	(39%)
EBITDA Margin %	10.5%	22.1%	13.5%
PBT (before exceptional items)	21	154	48	(55%)
PBT Margin (before exceptional items)	5.5%	20.0%	9.7%

* These figures represent historical financial performance including the Raymond Realty Division of Raymond Limited before its demerger on April 01, 2025(appointment date). Figures are provided solely for ease of comparison and does not form part of the published financial results in SEBI format.

Raymond Realty Limited (RRL), the real estate arm of Raymond Group, officially listed as separate entity on the Indian stock exchanges on July 1, 2025, following its strategic demerger from Raymond Ltd. This move marks a significant milestone in the group’s restructuring journey, allowing Raymond Realty to operate as a pure-play real estate company.

Commenting on the performance, Mr. Harmohan Sahni, Managing Director, Raymond Realty Limited said; “Our performance this quarter was in line with our expectations, reflecting sales moderation owing to low inventory levels in mature projects; a steady progress in launching new ones in H2. We are steadfast in our current fiscal journey & as planned the second half of the year will display higher activity with new launches planned. We remain dedicated to delivering exceptional value to our shareholders.”

During the quarter, the Raymond Realty delivered a total income of  Rs. 392 Cr in Q1 FY26 vs Rs. 498 Cr in Q1FY25. The revenue for the period is as expected and reflects the natural tapering of sales in mature projects with limited unsold inventory. Reported an EBITDA of Rs. 41 Cr in Q1 FY26 from Rs. 67 Cr in Q1 FY25 and an EBITDA margin at 10.5% in Q1FY26 vs 13.5% in Q1FY25. Given a robust pipeline of projects slated for launch in H2FY26, we are well positioned for a stronger performance.

In Q1 FY26, the company achieved a booking value of ₹ 306 Cr, primarily driven by demand for The Address by GS 2.0, Ten X Era in Thane and in JDA ‘The Address by GS’ in Bandra.

The total potential revenue from our current Real Estate Business is now close to ~ Rs. 40,000 Cr, which includes:

THANE LAND PARCEL – 100 Acres with ~ Rs.25,000 Cr Potential Revenue:

We have ~40 acres of our Thane Land parcel currently under development which translates to ~4.0Mn square feet of RERA Carpet Area with a potential revenue of ~ Rs. 9,000 Cr, of which, we have already sold ~  Rs. 7,850 Cr and collected an amount of ~  Rs.6,000 Cr so far.

Remaining ~60 acres of unlaunched inventory which translates to ~ 7.4Mn square feet of RERA Carpet Area to be launched over the next 7 to 8 years.

JDA Led Model – Six JDA’s with ~ Rs. 14,000 Cr Potential Revenue

We are committed to future expansion through an asset-light business model via the Joint Development Agreement (JDA) route. We currently have a grand total of six JDA’s in our portfolio, of which, one is currently launched and under development. We expect to launch about three to four out the remaining five JDA’s over the next 6 to 9 months and balance over the next 12 to 18 months.

Raymond Realty Limited continues to be Net Cash Surplus with Rs. 233 Cr.