Raymond Realty Ltd reported total income of ₹706 crore for the second quarter of FY26, marking a 20 per cent year-on-year increase from ₹589 crore in the same period last year, according to financial results announced today.
The Mumbai-based developer posted an EBITDA of ₹101 crore for Q2 FY26, up 7 per cent from ₹95 crore in Q2 FY25, though margins compressed to 14.3 per cent from 16.2 per cent. The company achieved a booking value of ₹455 crore during the quarter, down from ₹562 crore in the year-ago period, with collections at ₹409 crore compared to ₹476 crore previously.
Managing Director Harmohan Sahni said the performance aligned with expectations, noting that revenue reflected moderation in sales from mature projects due to low inventory levels. The company is preparing new projects for launch in the second half of the fiscal year.
Raymond Realty maintains a net cash surplus position of approximately ₹48 crore. The company’s portfolio includes a 100-acre land parcel in Thane with potential revenue of ₹25,000 crore and six Joint Development Agreements worth an estimated ₹14,000 crore. Total gross development value across the portfolio stands at approximately ₹40,000 crore.
During the quarter, the company launched two new residential towers—Address by GS Season 3 and Invictus Tower B—both in Thane, which received strong market response. The company plans to launch three to four additional JDA projects over the next six to nine months.
The were trading at ₹655 down by ₹31.50 or 4.59 per cent on the NSE today at 3.05 pm.