Raymond Realty reported a robust financial performance for the first quarter of FY27, with consolidated revenue from operations rising to 5.27B rupees from 3.7B rupees in the same quarter last year. EBITDA surged to 612M rupees from 236M rupees year-on-year, while EBITDA margin expanded to 11.61% from 6.33%. The Mumbai-based real estate developer attributed the growth to strong demand across its premium brands and a disciplined execution of its asset-light strategy. Consolidated net profit stood at 134M rupees for the period, compared to 165M rupees in the same quarter last year.

The Board of Directors, led by Managing Director Harmohan Sahni, approved the unaudited financial results on August 07, 2026. The results were reviewed by statutory auditors Walker Chandiok & Co LLP and Chaturvedi & Shah LLP pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates under a single business segment identified as 'Real Estate' per Ind AS 108.

Financial Performance

Consolidated revenue from operations reached 5.27B rupees in Q1FY27, up from 3.7B rupees in Q1FY26. Standalone revenue from operations was ₹2,398.9 million, compared to ₹3,130.6 million in the previous year's corresponding quarter. The divergence between standalone and consolidated figures highlights the significant contribution from subsidiaries included in the group accounts.

The following table summarises the key consolidated financial metrics for the quarter:

EBITDA margins improved to 11.61% from 6.33% in Q1FY26. Management noted that margins fluctuate based on project phases, with initial profitability impacted by marketing and construction setup costs. The company remains on track to meet its FY27 EBITDA margin guidance of 17%–19%.

Operational Highlights

Raymond Realty secured a booking value of ₹700 crore in Q1FY27, marking a 129% increase from ₹306 crore in Q1FY26. This growth was driven by strong sales across its Ten X, The Address by GS, and Invictus by GS brands. Customer collections rose 47% year-on-year to ₹550 crore.

The company's total portfolio Gross Development Value (GDV) now stands at approximately ₹52,000 crore. This includes a 100-acre land parcel in Thane with a revenue potential of ~₹25,000 crore, of which ~₹9,400 crore has already been sold. Additionally, the JDA portfolio comprises eight projects with a combined revenue potential of ~₹27,000 crore.

Strategic Portfolio & Liquidity

A key strategic shift involves the company's pivot to an asset-light model through Joint Development Agreements (JDAs). Recent signings include projects in Kandivali (₹3,000 crore) and Parel (₹8,500 crore). Four JDA projects have already been launched in Bandra, BKC, Wadala, and Sion, representing ~2.8 million sq. ft. of RERA carpet area.

Liquidity remains prudent, with a net debt of ₹824 crore and a debt-to-equity ratio of 0.7x, well below the company's ceiling of 1.0x. Raymond Realty maintains a liquidity buffer of ₹271 crore, sufficient to fund construction spends for the next year. The cost of debt remains stable at ~9.60%.

What the Numbers Show

The surge in EBITDA from 236M rupees to 612M rupees outpaced revenue growth, indicating operational leverage and an optimized product mix. However, consolidated net profit declined to 134M rupees from 165M rupees year-on-year, suggesting that non-operating expenses are currently offsetting some of the margin gains at the bottom line. The substantial booking value growth of 129% provides visibility for future revenue recognition, supporting the management's guidance for ~20% revenue growth in FY27.

Raymond Realty Limited will participate in a semi-annual investor conference hosted by Nirmal Bang Institutional Equities on August 10, 2026, in Mumbai. The event provides a platform for the company’s senior management to discuss its financial performance and strategic outlook with institutional investors through one-to-one and group meetings. This engagement follows the scheduled announcement of the company’s financial results for the first quarter ended June 30, 2026 (Q1FY27), which is set for release on August 7, 2026.

The investor meet is part of Raymond Realty’s broader effort to communicate its quarterly performance directly with the investment community. The company filed an intimation with the National Stock Exchange of India Limited (NSE) and BSE Limited on August 5, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the Q1FY27 Investor Presentation will be submitted to the stock exchanges and made available on the company’s website following the results announcement.

Conference Details

The conference will take place at Trident BKC, Mumbai. It is designed to facilitate detailed discussions between Raymond Realty’s leadership and analysts or portfolio managers. While the primary focus is the Q1FY27 results, the format allows for broader queries regarding the company’s realty projects and operational updates.

Management Participation

Raymond Realty’s senior management team is expected to lead the discussions. Key executives participating include:

• Harmohan Sahni, Managing Director & CEO
• Rakesh Tiwary, Group CFO
• Ankur Jindal, CFO
• Sunny Desa, Head, Investor Relations

Regulatory Compliance

The intimation was signed by Hiren Sonawala, Company Secretary, on behalf of Raymond Realty Limited (formerly known as Raymond Lifestyle Limited). The filing references the company’s ISIN: INE1SY401010. The company noted that the schedule may undergo changes due to exigencies on the part of investors or the company.

What the Numbers Show

While the specific financial figures for Q1FY27 are not yet disclosed, the timing of this investor meet aligns with the standard post-results communication cycle. Investors will likely scrutinize revenue growth, profit margins, and project execution updates during these sessions. The availability of the investor presentation online after August 7, 2026, ensures transparency for all stakeholders.