Raymond Realty Q4 FY26 Results: Income surges 53% to ₹1,176 Cr, FY26 Income at ₹3,039 Cr
Raymond Realty's Q4 FY26 income surged 53% to ₹1,176 crore, with FY26 income at ₹3,039 crore (29% growth). EBITDA for FY26 was ₹495 crore. The company achieved its JDA mix target a year early, with 54% of FY26 pre-sales from JDAs. Major launches contributed ₹6,400 crore GDV in Q4. FY27 revenue and pre-sales are expected to grow by at least 20%.
The announcement details significant financial performance improvements, strategic shifts in business model (increased JDA focus), successful project launches, and positive future guidance, all of which are material to investors.
The company reported strong financial results with significant year-on-year growth in income and EBITDA. Key strategic milestones were achieved ahead of schedule, and future growth prospects appear robust.
Raymond Realty Limited announced its financial results for the fourth quarter and full financial year ended March 31, 2026. The company reported a significant surge in income, with Q4 FY26 income growing by 53% to ₹1,176 crore, and total income for FY26 reaching ₹3,039 crore, marking a 29% year-on-year growth.
EBITDA for the full year rose to ₹495 crore, while maintaining a resilient EBITDA margin of 21.5% in Q4. The company concluded the year with a net debt of ₹656 crore and a debt-to-equity ratio of 0.6, well within its internal ceiling of 1:1.
A key strategic milestone achieved ahead of schedule was the 50-50 mix between own land in Thane and Joint Development Agreements (JDAs). In FY26, the share of pre-sales bookings from non-Thane land (JDAs) was 54%, compared to 22% in FY25. The JDA portfolio now comprises seven projects with a combined revenue potential of approximately ₹17,000 crore.
The company highlighted the successful launch of major projects in Q4 FY26, including Address by GS Wadala and Address by GS Sion, with a combined Gross Development Value (GDV) of ₹6,400 crore. Additionally, two projects were launched in Thane: TenX District 9 and Park Street.
Raymond Realty also reported that its aspirational brand's first project, TenX Habitat, a large development of 3,100 homes, is fully sold out and has received its complete Occupancy Certificate (OC).
The company is on track to launch two more projects in Mahim within the next 12 to 15 months, expected by Q3. Looking ahead, Raymond Realty anticipates a minimum 20% growth in pre-sales and top-line for FY27, with EBITDA margins projected to be between 16% and 18% on a blended basis.
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