Raymond Realty has delivered exceptional Q3FY26 performance with booking value surging 47% year-on-year to Rs 743 crores, demonstrating strong operational execution and market confidence. The company's total income reached Rs 766 crores for the quarter, representing a robust 56% year-on-year growth, while maintaining disciplined financial management with EBITDA margins at 13%.

Strong Q3FY26 Financial Performance

The company's quarterly results showcase significant momentum across key metrics:

For the nine-month period, Raymond Realty achieved booking value of Rs 1,504 crores with total income of Rs 1,864 crores, supported by customer collections of Rs 1,210 crores.

JDA Model Driving Growth Strategy

The company's asset-light Joint Development Agreement model continues to gain traction with the successful launch of its second JDA project, Invictus by GS in BKC. This project alone represents revenue potential exceeding Rs 2,000 crores and received overwhelming market response. By FY28, the company targets 50% of annual pre-sales from JDA projects, compared to 22% in FY25.

Rs 40,000 Crore Revenue Portfolio

Raymond Realty's comprehensive portfolio spans multiple development phases with substantial revenue generation capacity:

Robust Q4 Launch Pipeline

The company has outlined an aggressive Q4FY26 launch schedule featuring four major projects. Two JDA projects in Wadala and Sion will expand the geographic footprint beyond Thane, while two additional Thane projects include a two-bedroom community and a high-margin retail project. Management expects these launches to drive the targeted 20% year-on-year growth in booking value.

Market Outlook and Growth Targets

Despite market headwinds, Raymond Realty maintains confidence in achieving full-year guidance of 20% growth in booking value and revenue. The company's strategy focuses on quality delivery, timely execution, and customer-centric approach, positioning it to capture market share even in challenging conditions. EBITDA margins are expected to improve from current 13% levels toward the targeted 20% range as new projects mature and the retail component launches.

Raymond realty Limited has announced a strategic investment in its newly formed subsidiary, marking another step in the company's real estate expansion plans. The board's decision reflects the company's commitment to strengthening its presence in the real estate sector through subsidiary operations.

Board Approval and Investment Details

The Board of Directors of Raymond Realty Limited approved the investment during their meeting held on January 27, 2026. The company will invest Rs 10,000 as the initial subscription amount, which will serve as the paid-up capital for the newly incorporated wholly owned subsidiary.

Subsidiary Company Profile

Chembur Realty Limited was incorporated on October 29, 2025, and is registered with the Registrar of Companies, Mumbai, Maharashtra. The subsidiary has been established specifically to undertake real estate business operations, aligning with Raymond Realty's core business focus.

Investment Structure and Shareholding

The investment will be made through cash consideration, with Raymond Realty Limited along with its nominees subscribing to 1,000 equity shares of Rs 10 each. This structure ensures complete ownership and control of the subsidiary's operations.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows previous communications from the company dated October 10, 2025, and October 29, 2025, regarding the subsidiary's incorporation and related matters.

Business Operations

Chembur Realty Limited is yet to commence its business operations but has been incorporated with the specific object to undertake real estate business. The subsidiary will operate within the real estate industry, complementing Raymond Realty's existing business portfolio and strategic objectives.