Raymond Realty Reports Strong Q1 FY27 Performance Driven by Booking Value Growth

Raymond Realty Reports Strong Q1 FY27 Performance Driven by Booking Value Growth​

Raymond Realty Limited announced its unaudited financial results for the first quarter of fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company reported robust operational momentum and significant growth across key financial indicators, demonstrating strong demand within the Mumbai Metropolitan Region (MMR).

Key metrics for Q1 FY27 showed substantial increases compared to Q1 FY26, driven by a focus on strategic asset-light growth and disciplined project execution.

Financial Performance Highlights​

The company reported a 37% year-on-year (YoY) increase in Total Income and a significant surge in EBITDA.

Strategic Growth and Operational Review​

The quarter saw strong momentum in the booking market, which was a primary driver of performance. The company secured a Booking Value (BV) of ₹700 Crore in Q1 FY27, marking a 129% growth over the ₹306 Cr recorded in Q1 FY26.

The BV achieved during the quarter was distributed across two main segments: JDAs accounted for 64%, while the Thane Land Parcel contributed 36%. This highlights the dual focus of the company on both land-based and joint venture projects.

Portfolio Development:

• The total portfolio gross development value (GDV) currently stands at approximately ₹52,000 Crore, encompassing a prudent mix of owned land projects and JDA developments.
• 100 Acre Thane Land Parcel: This core project boasts a revenue potential of roughly ₹25,000 Crore. Of the approximately 65 acres currently under development (representing about 6.7 million sq. ft. of RERA carpet area), a sales milestone has been achieved with nearly ₹9,400 Crore already sold, and collections reaching around ₹7,460 Crore to date.
• JDA Portfolio: The JDA portfolio currently comprises eight projects with a combined revenue potential of roughly ₹27,000 Crore. Four marquee developments—located in Bandra, BKC, Wadala, and Sion—represent approximately 2.8 million sq. ft. of RERA carpet area, with nearly ₹2,900 Crore sold and collections standing at around ₹692 Crore.
• Recent strategic agreements include the signing of two new JDA projects in Kandivali (valued at approximately ₹3,000 Crore) and Parel (approximately ₹8,500 Crore).

Customer Collections and Liquidity:
Collections for the quarter reached ₹550 Cr, up from ₹374 Cr in Q1 FY26, reflecting a 47% year-on-year increase. The company concluded the quarter with a net debt of ₹824 Crore, maintaining a debt to equity ratio of 0.7x, which is well below the established 1.0x ceiling.

Financial Summary (Consolidated & Standalone)​

The Board approved both consolidated and standalone unaudited financial results for the quarter ended June 30, 2026.

Consolidated Unaudited Results (in Lakhs):

Standalone Unaudited Results (in Lakhs):

Management Commentary​

Commenting on the performance, Harmohan Sahni, Managing Director of Raymond Realty Limited stated that the company entered FY27 with strong operational momentum. He noted that the results reflect sustained homebuyer confidence in the brand and the continued success of the disciplined, asset-light JDA strategy across prime MMR micro-markets. The management remains committed to sharp execution and accelerating growth toward a target EBITDA margin profile between 17% and 19%.

RAYMONDREL Stock Price Movement​

On Friday, Raymond Realty Limited shares edged higher, settling at ₹690 after gaining 0.26% in trading. The stock saw a volume of 347,491 shares as it moved within its intraday range.