Raymond Realty Ltd
Raymond Realty Q2 FY26: Order Book ₹40,000 Cr
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Raymond Realty has provided a general guidance of a minimum 20% year-on-year growth in pre-sales and top line going forward. Raymond Realty provides a general guidance of a minimum 20% year-on-year growth in pre-sales and top-line revenue going forward. - EBITDA margins are expected to be around 20% on a blended basis, though margins may show short-term variability due to new project launches. - The company aims to achieve Rs.
From Raymond Realty Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Raymond Realty has provided a general guidance of a minimum 20% year-on-year growth in pre-sales and top line going forward.
- The company confirms commitment to this 20% growth as a minimum, with potential to do better if conditions permit.
- H1 results were flat year-on-year as planned; strong growth is expected in H2 due to heavy launches during the festive season.
- The pipeline includes multiple launches: 2 projects in Q3 (Bandra and Wadala) and at least 4 projects in Q4 (including Sion, Mahim, and 2 in Thane) with a combined GDV of about ₹5,000 crores for H2.
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Profitability & Margins
See what Raymond Realty Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Bulk of expenses related to upcoming project launches (Q3 and Q4) have already been funded, with some unpaid costs ready to be paid.
- Future expansion and funding will be a combination of internal accruals from ongoing projects (Thane and Bandra) and debt from banks.
- Company is currently net debt-free with capacity to take on debt up to a 1:1 debt-to-equity ratio.
- Debt incurred will be growth-oriented, with borrowing costs around 10%, ensuring value accretive investment.
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Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Total potential revenue (orderbook) for current real estate business is approximately ₹40,000 crores.
- This includes about ₹25,000 crores from the Thane land parcel (55 acres, 5.8 million sq. ft. carpet area).
- Outside of Thane, Joint Development Agreement (JDA)-led projects contribute around ₹14,000-15,000 crores in the larger Mumbai Metropolitan Region (MMR), mainly around BKC.
- Out of Thane revenue potential, ₹8,200 crores worth of sales have already been booked.
- Collections received from Thane sales amount to ₹6,300 crores so far.
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Raymond Realty Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹161 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Raymond Realty Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Raymond Realty Ltd Q2 FY26 results?
Raymond Realty has provided a general guidance of a minimum 20% year-on-year growth in pre-sales and top line going forward. Raymond Realty provides a general guidance of a minimum 20% year-on-year growth in pre-sales and top-line revenue going forward. - EBITDA margins are expected to be around 20% on a blended basis, though margins may show short-term variability due to new project launches. - The company aims to achieve Rs.
What is Raymond Realty Ltd share price analysis?
Raymond Realty Ltd currently shows a neutral. The stock trades at a P/E of 14.4 with a market cap of ₹4,343 Cr. Investors should review the full earnings analysis for detailed insights.
Is Raymond Realty Ltd planning capital expenditure?
Bulk of expenses related to upcoming project launches (Q3 and Q4) have already been funded, with some unpaid costs ready to be paid.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.