Raymond Realty Reports Record FY26 Performance with Q4 Pre-Sales Surge of 139%
Raymond Realty delivered exceptional FY26 results with Q4 pre-sales jumping 139% YoY to ₹1,519 crores, driving full-year pre-sales growth of 31% to ₹3,023 crores. The company secured a major ₹3,000 crore Kandivali project, maintained net debt at ₹605 crores with strong liquidity of ₹414 crores, and achieved record performance through successful launches across Mumbai Metropolitan Region including Ten X District 9, The Address by GS, and ultra-luxury Invictus by GS in BKC.

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Raymond Realty has delivered exceptional performance in FY26, establishing it as a record year for the real estate developer. The company demonstrated remarkable growth momentum across key financial metrics while expanding its project portfolio significantly through strategic launches and acquisitions.
Outstanding Q4 and FY26 Pre-Sales Performance
The company's Q4 pre-sales performance stood out as a major highlight, with the quarter alone nearly matching the combined momentum of the previous nine months.
| Metric: | Q4FY26 | Q4FY25 | YoY Growth | FY26 | FY25 | YoY Growth |
|---|---|---|---|---|---|---|
| Pre-Sales: | ₹1,519 crores | ₹636 crores | +139% | ₹3,023 crores | ₹2,314 crores | +31% |
| Collections: | ₹515 crores | ₹496 crores | +4% | ₹1,725 crores | ₹1,887 crores | -9% |
This exceptional Q4 growth was fueled by high-decibel launches and sustained sales velocity across the Mumbai Metropolitan Region, specifically within Ten X District 9 (Thane), Park Street (Thane), The Address by GS (Wadala & Sion), and the ultra-luxury Invictus by GS in BKC.
Market Leadership Through Strategic Launches
Raymond Realty experienced extraordinary acceleration in demand across its entire portfolio. Ten X District 9 (Thane) achieved a record-setting debut, securing substantial bookings within the opening days of its launch. The Address by GS (Wadala) established its status as a market leader through exceptional sales traction, while Invictus by GS (BKC) captured excellent response from the city's elite with robust booking velocity in the ultra-luxury segment.
Major Project Acquisition and Pipeline Expansion
The company strengthened its development pipeline by securing a significant project during Q4, demonstrating aggressive expansion in key Mumbai markets.
| Project Details: | Specifications |
|---|---|
| Location: | Kandivali |
| Project Value: | ₹3,000 crores |
| Total MMR Pipeline: | ₹43,000 crores GDV |
Raymond Realty remains aggressively on track to activate its ₹43,000 crores GDV pipeline across the Mumbai Metropolitan Region over the next few years.
Strong Financial Position and Debt Management
Despite aggressive investment in high-value land and joint development agreements, the company maintained disciplined financial management practices.
| Financial Metric: | Amount/Details |
|---|---|
| Net Debt: | ₹605 crores (approx.) |
| Liquidity Buffer: | ₹414 crores |
| Cost of Debt: | 9.60% |
| Net Debt/Equity: | Below 1.0x ceiling |
With a ₹414 crores liquidity buffer, the company is fully funded for the next year of construction spend. The EBITDA margin improved in Q4 FY26, leading to better annual margins compared to the 9-month period.
Record FY26 Achievement
FY26 represents the most formidable operational performance in Raymond Realty's history. The combination of record pre-sales growth, strategic project acquisitions, maintained financial stability, and successful project launches positions the company well for continued expansion in the competitive real estate market.
Historical Stock Returns for Raymond Realty
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.99% | +5.34% | -2.20% | -30.85% | -57.57% | -57.57% |
How will Raymond Realty's aggressive expansion strategy impact its debt-to-equity ratio as it activates the remaining ₹40,000 crores of its pipeline over the next few years?
What market conditions or regulatory changes could affect Raymond Realty's ability to maintain its 139% Q4 growth momentum in the upcoming quarters?
Will Raymond Realty's focus on ultra-luxury projects like Invictus by GS prove sustainable if Mumbai's luxury real estate market experiences a downturn?


































