Raymond Realty's shares jumped 6% following a significant increase in pre-sales during the second quarter of fiscal year 2027 (Q2 FY27). The company reported pre-sales of ₹902 crore, nearly double the ₹455 crore recorded in the same quarter last year. This strong performance occurred despite no new project launches in the quarter, highlighting steady sales momentum and price realization.
- Q2 FY27 pre-sales reached ₹902 crore, up 98% year-on-year.
- Raymond Realty expects ~20% growth in pre-sales for FY27.
- Financial targets include ROCE of ~20%, EBITDA margin of 17–19%, and PAT margin of 9–10%.
- Gross borrowings increased to ₹1,220 crore as of September 30, 2026.
- Strong pipeline of new launches in Mumbai Metropolitan Region (MMR) with GDV over ₹4,100 crore.
- Occupancy certificate received early for a major project in Thane.
What drove Raymond Realty’s pre-sales growth in Q2 FY27?
The company achieved a 98% year-on-year increase in pre-sales to ₹902 crore in Q2 FY27. This growth was notable because it happened without any new project launches during the quarter. The firm maintained strong sales momentum and steady price realization, reflecting healthy customer demand and effective project execution.
How did Raymond Realty perform financially in Q2 FY27?
Raymond Realty’s quarterly collections rose by 67% year-on-year to ₹682 crore, indicating strong cash flow and customer payments. Gross borrowings increased by ₹125 crore, totaling ₹1,220 crore as of September 30, 2026. These borrowings primarily funded construction activities from projects launched in FY26. The company’s net debt stood at ₹914 crore, supported by liquidity of ₹306 crore, keeping the net debt-to-equity ratio below the approved limit of 1.0x.
What are Raymond Realty’s financial goals for FY27?
For the full fiscal year 2027, Raymond Realty aims for approximately 20% growth in pre-sales. The company targets a return on capital employed (ROCE) of around 20%, an EBITDA margin between 17% and 19%, and a profit after tax (PAT) margin of 9% to 10%. These goals reflect the company’s focus on profitability and efficient capital use.
What new projects and developments are planned?
Raymond Realty is accelerating its growth with a strong pipeline of scheduled launches in the Mumbai Metropolitan Region (MMR). These upcoming projects have a cumulative gross development value (GDV) exceeding ₹4,100 crore. Additionally, the company received an occupancy certificate for 'Address by GS Season 1 Tower B' in Thane, which includes 270 units and was completed well ahead of the regulatory deadline.
How have Raymond Realty’s shares performed recently?
As of October 5, 2026, Raymond Realty shares were trading at ₹669.35 on the National Stock Exchange, up 3.22% on the day. Since the start of the year, the stock has risen 28%. Over the past month, it increased by 21%, and over six months, it soared 58.5%. The shares hit a 52-week high of ₹741.95 on September 25, 2026, and a low of ₹349 on March 16, 2026. The company’s market capitalization stood at ₹4,451.79 crore.
What is the company’s outlook according to its leadership?
Harmohan Sahni, Managing Director and CEO of Raymond Realty, emphasized the company’s focus on expanding its operational footprint through the upcoming project launches in MMR. He highlighted that these launches are expected to strengthen the company’s market position and support its pre-sales growth targets for FY27.
