Revenue more than doubled to ₹374.4 crore from ₹129.6 crore in the year-ago period.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 40% year-on-year to ₹24 crore, compared with ₹17.1 crore a year earlier.However, EBITDA margin declined to 6.4% from 13.2%, due to a sharp rise in input and operational costs.
Booking value dropped to ₹306 crore from ₹611 crore in the corresponding quarter last year, reflecting sales moderation due to low ready inventory in existing projects. Collections also eased to ₹374 crore from ₹483 crore.Despite the moderation, the company remained net-debt free, with a net cash surplus of ₹233 crore, and maintained a total gross development value (GDV) of approximately ₹40,000 crore across its portfolio.
“Our performance this quarter was in line with our expectations, reflecting sales moderation owing to low inventory levels in mature projects; a steady progress in launching new ones in H2,” said Harmohan Sahni, Managing Director of Raymond Realty.
The company reaffirmed its strategy to ramp up new launches in the second half of FY26, which is expected to drive stronger performance.
Raymond Realty is currently focused on expanding its residential footprint across the Mumbai Metropolitan Region, tapping demand for mid-to-premium housing segments.
Shares of Raymond Realty, which demerged from parent Raymond Ltd and listed on exchanges in May this year, ended 4.4% higher at a price of ₹725.60 on the BSE.
