Strong Profit Growth in October–December Quarter
Raymond Real Estate Ltd reported a sharp rise in consolidated net profit for the third quarter of the current fiscal year. The company posted a net profit of Rs 66.79 crore for the October–December period, compared with Rs 3.01 crore in the same quarter of the previous year.Total Income Sees Multi-Fold Increase
Total income for the third quarter rose significantly to Rs 765.97 crore, up from Rs 93.26 crore in the corresponding period last year, as per the company’s regulatory filing. The strong growth reflects improved execution and higher contribution from ongoing projects during the quarter.Nine-Month Performance Shows Sustained Momentum
For the first nine months of the fiscal year, Raymond Real Estate recorded a consolidated net profit of Rs 143.47 crore, a substantial increase from Rs 15.37 crore reported in the same period of the previous year.During the April–December period, total income climbed to Rs 1,863.62 crore, compared with Rs 449.77 crore a year earlier, highlighting consistent growth across quarters.
Booking Value and Debt Position
In the third quarter of the fiscal year, the company achieved a booking value of Rs 743 crore, indicating steady demand across its residential portfolio. As of the end of the December quarter, Raymond Real Estate reported a net debt position of Rs 230 crore.The latest quarterly performance underscores the company’s sharp improvement in profitability and revenue generation during the current financial year.
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