Raymond Realty Q1 FY27: Booking Value Surges 129% to ₹700 Cr, Revenue Up 37%
Raymond Realty reported a 129% YoY increase in booking value to ₹700 crore for Q1 FY27. Revenue grew 37% YoY to ₹536 crore, and EBITDA rose 70% YoY to ₹70 crore. The company's total GDV stands at ₹52,000 crore, with JDAs contributing ₹27,000 crore. Net debt was ₹824 crore, with a debt-to-equity ratio of 0.7x. FY27 guidance includes over 20% YoY growth in presales and revenue, with EBITDA margins of 17-19%.
The announcement details strong financial performance, strategic expansion into new premium markets (Parel), and clear future growth projections. These factors are material and likely to influence investor perception and the company's stock performance.
The company reported significant year-on-year growth in booking value, revenue, and EBITDA, along with healthy financial metrics and a positive outlook for the full year. The successful launch of new projects and strategic JDA initiatives further contribute to the positive sentiment.
Raymond Realty Limited (RRL) announced its financial results for the first quarter ended June 30, 2026, reporting a strong operational momentum. The company achieved a robust booking value of ₹700 crore, representing a significant 129% year-on-year growth compared to ₹306 crore in Q1 FY26. Customer collections reached ₹550 crore, a 47% year-on-year increase. Total income (revenue booking) stood at ₹536 crore, up 37% from ₹392 crore in Q1 FY26, driven by sustained demand and project delivery. EBITDA saw a substantial 70% year-on-year increase to ₹70 crore from ₹41 crore, with EBITDA margins expanding from 11% to 13%. The company expects margins to normalize over subsequent quarters as project construction progresses.
Financially, RRL maintained strict discipline with a net debt of ₹824 crore at the end of Q1, resulting in a healthy debt-to-equity ratio of 0.7x, well below its internal target of 1x. The company holds a liquidity buffer of ₹271 crore, ensuring its construction pipeline is fully funded. The cost of debt remained competitive at an average of 9.6%.
The total Gross Development Value (GDV) of the company's portfolio now stands at ₹52,000 crore, providing multi-year growth visibility. The asset-light Joint Development Agreement (JDA) strategy is a key growth driver, contributing 52% of the total GDV, amounting to ₹27,000 crore across eight projects. The owned land parcel in Thane represents an aggregate revenue potential of ₹25,000 crore.
Raymond Realty secured a flagship JDA project in Parel with an estimated GDV of ₹8,500 crore, marking its entry into South Mumbai's premium housing market. The Parel project is expected to hit the market in approximately 18 months, with ticket sizes ranging from ₹6 crore to ₹20 crore. The company is on track to launch two Mahim projects, one towards the latter part of Q3 FY27 and the second in Q4 FY27, with GDVs of approximately ₹2,500 crore and ₹2,000-2,200 crore, respectively.
For the full year FY27, Raymond Realty reiterates its guidance for presales growth of upward of 20% year-on-year, revenue growth of at least 20% year-on-year, EBITDA margins between 17% and 19%, and Return on Capital Employed (ROCE) of 20% or upward.
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Raymond Realty Limited filed this with the NSE as a statutory disclosure, categorised under other investor communications. 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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