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Raymond Realty has reported a solid financial performance for the first quarter of fiscal year 2025-26, posting a standalone net profit of INR 26.93 crore. The company, which recently de-merged from the Raymond Group and got listed on the stock exchanges, saw total income reach INR 334.34 crore. With a robust land bank and a net-debt-free status, the company is focusing on an asset-light expansion model through joint development agreements (JDAs) and plans to launch several new projects in the coming months.
In its first quarterly financial report since its de-merger and separate listing on the Indian stock exchanges on July 1, 2025, Raymond Realty has showcased a strong start to the fiscal year. The company reported a standalone profit after tax of INR 26.93 crore for the quarter ended June 30, 2025. This was supported by a total standalone income of INR 334.34 crore. Advertisement
Despite a natural tapering of sales in its mature projects with limited unsold inventory, the company's booking value for the quarter stood at INR 306 crore, with collections reaching INR 374 crore. Raymond Realty remains in a healthy financial position, operating as a net-debt-free company with a net cash surplus of INR 233 crore.
The company's strategic vision is anchored by its expansive land bank in Thane, which includes approximately 40 acres currently under development and a further 60 acres slated for future launches. The land under development has a potential revenue of INR 9,000 crore, of which INR 7,850 crore has already been sold.
Looking forward, Raymond Realty is adopting an "asset-light" expansion model by leveraging joint development agreements (JDAs). The company currently has a portfolio of six JDAs, with one already launched. It plans to launch three to four of the remaining five JDAs over the next 6-9 months and the rest within 12-18 months. This strategic approach, combined with a total gross development value (GDV) of around INR 40,000 crore, positions Raymond Realty for sustained growth and a stronger performance in the second half of the fiscal year.
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