Raymond Realty Limited reported a 129% year-over-year surge in pre-sales to ₹700 Cr for the first quarter of FY27, driven by sustained demand in the Mumbai Metropolitan Region. This growth was achieved without any new residential project launches during the quarter, reflecting strong sales velocity across its Address by GS portfolios. Collections rose 47% to ₹550 Cr compared to ₹374 Cr in Q1 FY26, underscoring robust liquidity generation from operational activities.

Provisional Operational Metrics

The following table presents the key provisional operational highlights for Q1 FY27 compared to the same period last year. These figures are strictly provisional and subject to review.

Capital Allocation and Debt

Raymond Realty deployed ₹198 Cr in borrowings during the quarter to fund construction and working capital requirements for projects launched in FY26. Total outstanding borrowings as of June 30, 2026, reached ₹1,097 Cr, a significant increase from ₹380 Cr a year earlier. The company held liquidity of ₹270 Cr as of June 30, 2026, resulting in a net debt position of ₹827 Cr.

Financial Outlook

Management stated that the margin profile for Q1 FY27 reflects expected seasonality and is in line with financial forecasts. The company maintained that its Net Debt/Equity ratio remains below its internal ceiling of 1.0x. Raymond Realty reaffirmed its EBITDA margin guidance of 17% - 19% for FY27, anticipating that margins will normalize as project construction crosses revenue-recognition thresholds.

Raymond Realty has recommended a final dividend of ₹2 per equity share (20% on face value of ₹10) for FY2025-26, subject to shareholder approval at the 7th Annual General Meeting (AGM) scheduled for Tuesday, July 14, 2026, at 05:00 P.M. IST via Video Conferencing/Other Audio-Visual Means. The Record Date for dividend eligibility is Friday, July 3, 2026. The company's inaugural Annual Report as a listed entity reflects a landmark year marked by its demerger from Raymond Limited and listing on BSE Limited and the National Stock Exchange of India on July 1, 2025, following the NCLT-approved Scheme of Arrangement with an appointed date of April 1, 2025. The company issued 6,65,73,731 equity shares to shareholders of Raymond Limited in a 1:1 swap ratio.

Remote e-voting commences on Friday, July 10, 2026, at 9:00 A.M. and concludes on Monday, July 13, 2026, at 5:00 P.M., with a cut-off date of Tuesday, July 7, 2026. The Annual Report and AGM Notice were dispatched electronically on June 22, 2026. Newspaper advertisements regarding the meeting were published in Financial Express and Navshakti on June 23, 2026.

Financial Performance

Raymond Realty delivered a robust financial performance in FY2025-26. On a consolidated basis, Revenue from Operations surged to ₹2,99,079 Lakhs from ₹56,518 Lakhs, while Total Income rose to ₹3,03,942 Lakhs from ₹56,730 Lakhs. Consolidated Operating Profit improved significantly to ₹37,464 Lakhs from ₹1,545 Lakhs. Consolidated Net Profit stood at ₹30,459 Lakhs against a prior year profit of ₹1,777 Lakhs. On a standalone basis, Gross Revenue from continuing operations was ₹1,72,568 Lakhs (Previous Year: Nil), with Operating Profit rising to ₹32,545 Lakhs from a loss of ₹8 Lakhs and Net Profit reaching ₹26,272 Lakhs against a prior year loss of ₹8 Lakhs.

Subsidiary Performance

The company operates through five wholly owned subsidiaries. Ten X Realty Limited, the material subsidiary, registered a Gross Revenue of ₹728.55 Crores and a Profit after Tax of ₹40.80 Crores. Ten X Realty East Limited recorded Gross Revenue of ₹168.22 Crores and Profit after Tax of ₹7.40 Crores. Ten X Realty West Limited posted Gross Revenue of ₹491.94 Crores but incurred a loss of ₹6.31 Crores. Rayzone Property Services Limited reported Gross Revenue of ₹8.28 Crores and Profit after Tax of ₹0.0046 Crore. Ten X Realty North Limited (formerly known as Chembur Realty Limited) incurred a marginal loss of ₹0.00009 Crore.

Corporate Milestones and Project Launches

FY2025-26 marked the company's demerger from Raymond Limited and subsequent listing on BSE Limited and the National Stock Exchange of India on July 1, 2025. During the year, the company launched seven projects across BKC, Wadala, Sion, and Thane, leveraging its capital-efficient owned land and Joint Development Agreement (JDA) model. These projects include Invictus by GS (BKC), The Address by GS (Wadala), The Address by GS (Sion), The Address by GS Season 3 (Thane), Invictus by GS Tower B (Thane), Park Street (Thane), and TenX District 9 (Thane). CARE Ratings Limited assigned a Credit Rating of CARE A+; Stable for Long-term Bank facilities to Raymond Realty Limited, while Ten X Realty West Limited and Ten X Realty East Limited received CARE A-; Stable ratings. As on March 31, 2026, CARE Ratings Limited reaffirmed the Credit Rating of CARE A+; Stable for Long-term Bank facilities to Ten X Realty Limited.

AGM Agenda and Key Resolutions

The 7th AGM will consider, among other matters, adoption of audited standalone and consolidated financial statements for FY2025-26, declaration of the final dividend, re-appointment of Mr. Gautam Hari Singhania as a Non-Executive Non-Independent Director retiring by rotation, ratification of remuneration of ₹2,50,000 payable to M/s R. Nanabhoy & Co. as Cost Auditors for FY2026-27, appointment of Uma Lodha & Co. as Secretarial Auditors for a term of five years commencing FY2026-27, approval of commission to Non-Executive Directors not exceeding 1% of annual net profits for three financial years commencing April 1, 2025, and special resolutions to increase borrowing limits and creation of securities limits to ₹2,500 Crores each under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE1SY401010/150819e144554849.pdf