Raymond Realty Q2 FY27 Pre-Sales Surge 98% to ₹902 Cr; H1 FY27 Up 111%
Raymond Realty's Q2 FY27 pre-sales surged 98% YoY to ₹902 crore, with H1 FY27 pre-sales up 111% to ₹1,602 crore. Collections rose 67% YoY to ₹682 crore in Q2. The company delivered a Thane project 18 months ahead of schedule. Launches worth ₹4,100 crore are planned for H2 FY27. CARE reaffirmed A+ rating.
The significant increase in pre-sales and collections, coupled with planned major launches and ahead-of-schedule project delivery, indicates strong operational performance and future growth potential, which is material for investors.
The company reported strong year-on-year growth in pre-sales and collections, ahead of RERA timelines for project delivery, and has a robust pipeline of future launches. The reaffirmation of a stable credit rating further supports the positive sentiment.
Raymond Realty Limited has announced its provisional operational results for the second quarter of Fiscal Year 2027 (Q2 FY27), covering the period from July to September 2026. The company reported a significant year-on-year (YoY) increase in pre-sales, which grew by 98% to ₹902 crore, compared to ₹455 crore in Q2 FY26. For the first half of FY27 (H1 FY27), pre-sales more than doubled, rising by 111% to ₹1,602 crore from ₹760 crore in H1 FY26. Collections also showed strong growth, increasing by 67% YoY to ₹682 crore in Q2 FY27, contributing to a 57% YoY rise in H1 FY27 collections to ₹1,233 crore.
During Q2 FY27, the company achieved a significant milestone with the delivery of Tower B of 'The Address by GS Season 1' in Thane, approximately 18 months ahead of its RERA completion date. This project comprises 270 units with a total RERA carpet area of 3,44,478 sq. ft. Looking ahead, Raymond Realty plans to launch two premier Joint Development Agreement (JDA) projects in Mahim during the second half of FY27, with a cumulative Gross Development Value (GDV) of over ₹4,100 crore.
The company's financial position remains robust, with gross borrowings increasing by ₹125 crore to ₹1,220 crore as of September 30, 2026, primarily used for funding construction. With liquidity of ₹306 crore, the net debt stood at ₹914 crore, maintaining a net debt-to-equity ratio well below the approved ceiling of 1.0x. CARE reaffirmed Raymond Realty's credit rating at CARE A+ with a Stable outlook, acknowledging consistent booking momentum and strong execution. The company is on track to meet its FY27 guidance, anticipating around 20% growth in pre-sales, a Return on Capital Employed (ROCE) of approximately 20%, an EBITDA margin of 17-19%, and a Profit After Tax (PAT) margin of 9-10%.
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