Raymond Board Approves Q2 & H1 FY26 Results, Reports ₹5.28 Lakh Crore Profit Driven by Realty Demerger
Raymond reports ₹5.28 lakh crore profit for Q2/H1 FY26, driven by a massive exceptional gain from the demerger of its Real Estate Business, despite a loss in continuing operations.
The announcement has a high impact due to the approval of the unaudited financial results, which include a massive exceptional gain from the demerger of the Real Estate Business. This marks the completion of a major corporate restructuring event (demerger of both Lifestyle and Realty businesses), significantly altering the company's structure and financial position.
The company reported a substantial profit of ₹5,28,820 lakhs for the quarter and half-year ended September 30, 2025, primarily driven by a significant exceptional gain of ₹5,32,645 lakhs from the demerger of its Real Estate Business Undertaking. This strategic corporate action, along with the earlier demerger of the Lifestyle business, is positive for value unlocking, despite the continuing operations posting a loss of ₹283 lakhs for the quarter.
Raymond Limited's Board of Directors, at their meeting on October 27, 2025, approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended September 30, 2025. Key highlights include: * Overall Profit: The company reported a substantial profit of ₹5,28,820 lakhs (₹5,288.20 crore) for the quarter and half-year ended September 30, 2025. This is significantly higher than ₹8,517 lakhs (₹85.17 crore) in Q2 FY25 and ₹8,84,256 lakhs (₹8,842.56 crore) in H1 FY25. * Demerger Impact: This exceptional profit is primarily due to a gain of ₹5,32,645 lakhs (₹5,326.45 crore) recognized as an exceptional item from the demerger of the Real Estate Business Undertaking, which was transferred to Raymond Realty Limited effective May 1, 2025. The shares of Raymond Realty Limited were subsequently listed on BSE and NSE on July 1, 2025. * Continuing Operations: For the quarter ended September 30, 2025, continuing operations recorded a loss of ₹283 lakhs (₹2.83 crore) after tax, compared to a profit of ₹1,302 lakhs (₹13.02 crore) in the same quarter last year. Revenue from continuing operations for Q2 FY26 was ₹99 lakhs (₹0.99 crore), a sharp decrease from ₹2,115 lakhs (₹21.15 crore) in Q2 FY25. * Half-Year Continuing Operations: For the half-year ended September 30, 2025, continuing operations reported a profit of ₹85 lakhs (₹0.85 crore) after tax, a decline from ₹2,828 lakhs (₹28.28 crore) in H1 FY25. Revenue from continuing operations for H1 FY26 was ₹108 lakhs (₹1.08 crore), down from ₹6,835 lakhs (₹68.35 crore) in H1 FY25. * Previous Demerger: The Lifestyle Business Undertaking was demerged and transferred to Raymond Lifestyle Limited effective June 30, 2024, with its equity shares listed on NSE and BSE on September 5, 2024. * Auditor's Review: The unaudited financial results (Standalone and Consolidated) and the Limited Review Report from the Statutory Auditors, Walker Chandiok & Co LLP, were also enclosed.
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Raymond Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Raymond Limited. Read the original for the full detail.