Raymond Realty Reports Strong Q1 FY27 Performance with 129% Growth in Pre-Sales
Raymond Realty Limited has released its provisional operational and financial updates for the first quarter of the financial year 2027, indicating sustained growth momentum into the new fiscal year. The results build upon a successful FY26, which featured the launch of seven projects, including four anticipated launches during the final quarter alone.The company demonstrated exceptional performance across its core revenue metrics in Q1 FY27. Pre-sales reached ₹ 700 Cr, marking a significant 129% growth compared to the ₹ 306 Cr recorded in Q1 FY26. This robust pre-sales trajectory highlights strong organic demand for the company’s premium residential offerings within the Mumbai Metropolitan Region (MMR), driven by sustained velocity in The Address by GS portfolios and strong price realization across the MMR ecosystem.
Cash collections also showed resilience, rising 47% year over year to hit ₹ 550 Cr, ensuring excellent liquidity generation from its operational base.
| Metric | Q1 FY27 | Q1 FY26 | Year Over Year Growth |
|---|---|---|---|
| Pre-Sales | ₹ 700 Cr | ₹ 306 Cr | 129% |
| Collections | ₹ 550 Cr | ₹ 374 Cr | 47% |
Financial Resilience and Capital Allocation
In terms of capital management, the company recorded borrowings of ₹ 198 Cr during the quarter to fund construction and working capital requirements for projects initiated in FY26. Total outstanding borrowings as of June 30, 2026, stood at ₹ 1,097 Cr, an increase from ₹ 380 Cr as reported on June 30, 2025. Liquidity as of the end of June 2026 was recorded at ₹ 270 Cr, resulting in a Net Debt position of ₹ 827 Cr.Raymond Realty continues to maintain a disciplined balance sheet, keeping its Net Debt/Equity ratio comfortably below its internal ceiling of 1.0x.
Margin Outlook and Future Guidance
The company stated that margins within the real estate development lifecycle are historically variable, dependent on project stage and the timing of launches. Profitability milestones reflect the front-loaded nature of launch phase marketing and initial construction setups. Margins are expected to progressively normalize as projects advance across revenue recognition thresholds in subsequent quarters.Despite this cyclical margin profile, management remains confident that the Q1 FY27 performance is aligned with expectations, and Raymond Realty is firmly on track to meet its EBITDA margin guidance of 17% - 19% for FY27.
Company Overview
Raymond Realty is a focused, pure-play branded real estate developer based in Mumbai and is part of the iconic Raymond Group. Since entering the sector in 2019, the company has established itself among the Top 10 Real Estate players in India. Raymond Realty offers aspirational residential brands including TenX, The Address by GS, and Invictus by GS. With a land bank spanning 100 acres and seven Joint Development Agreements, the company currently holds an estimated gross development value of approximately ₹ 420 billion.RAYMONDREL Stock Price Movement
As of 1:53 PM, shares of Raymond Realty Limited are edging higher to ₹671.95 in live trading, surging a robust 6.55%. This upward movement occurs as over 1.37 million shares are exchanged during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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