Raymond Realty says Income Tax survey completed at company offices

The real estate arm of Raymond, Raymond Realty Ltd, on Wednesday (October 1), informed that the survey action conducted by the Income Tax Department on some of its offices in India has been completed.In a regulatory filing, the company referred to its earlier intimation dated September 26, 2025, regarding the survey action under Section 133A of the Income Tax Act, 1961. It stated that the action concluded yesterday evening. The company said it had extended its full co-operation to the authorities during the process.

First Quarter Results

Raymond Realty reported a more than two-fold rise in first-quarter net profit, even as bookings moderated year-on-year due to limited inventory in mature projects. Net profit rose to ₹16.5 crore for the quarter ended June 30, up from ₹7.4 crore a year earlier.Also Read: Raymond CMD outlines ‘Raymond 2.0’ strategy in letter to shareholdersRevenue 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.

Also Read: Raymond Realty announces new board announced ahead of July listing, Gautam Singhania to Chair

Shares of Raymond Realty Ltd ended at ₹594.30, up by ₹19.45, or 3.38%, on the BSE.