Raymond Realty Ltd
Raymond Realty Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
4 of 5 strong
The short version
The company targets a minimum 20% growth in pre-sales and top-line revenue year-on-year, with expectations to do better in FY27 (Page 11). EBITDA margins expected to remain range-bound between 16%-18% in FY27, improving from 16% in FY26.
From Raymond Realty Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets a minimum 20% growth in pre-sales and top-line revenue year-on-year, with expectations to do better in FY27 (Page 11).
- EBITDA margin guidance for FY27 is between 16%-18%, indicating a stable margin profile despite growth (Pages 9, 15).
- New project launches in Mahim set for Q3 FY27 and Kandivali development planned for FY28 will expand the portfolio and contribute to growth (Page 5).
- The 6-year CAGR since 2021 has been 50% in booking value pre-sales and 84% in reported revenue, demonstrating strong growth trajectory (Page 5).
- Revenue growth is supported by a balanced mix of legacy land in Thane (INR25,000 crores GDV) and an expanding JDA portfolio (~INR17,000 crores GDV) across prime micro-markets (Page 5).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Raymond Realty Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- No explicit mention of current or future capex or strategic investments in new land acquisitions, as the company follows an asset-light model without capital-intensive land purchases.
- Focus is on approval costs for launching new projects rather than land acquisition costs.
- Internal accruals from existing projects like Thane (INR 450-500 crores annually) and JDAs (INR 100-150 crores) are reinvested into portfolio growth.
- Approval costs are substantial and necessary to launch new projects.
- For the next two years, overall cash flow is expected to be negative due to ongoing expansion and investments in approvals.
- The company targets sustainable growth by reinvesting internal accruals and managing debt prudently (debt-to-equity maintained below 1:1).
2 more points management made on capital expenditure plans
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
See what Raymond Realty Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company has around INR 4,000 crores of pending collections from sold inventory as of FY26.
- Internal accruals from Thane projects generate about INR 450 to 500 crores annually.
- Joint Development Agreements (JDAs) launched in FY25 are expected to contribute another INR 100 to 150 crores annually.
- Overall, internal accruals approximate INR 600 to 650 crores per year.
- The total Gross Development Value (GDV) is approximately INR 42,000 crores, with INR 25,000 crores from the Thane region.
- INR 25,000 crores includes both launched and yet-to-be-launched projects.
2 more points management made on order book & pipeline
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's management said in earlier quarters
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Frequently Asked Questions
What were Raymond Realty Ltd Q4 FY26 results?
The company targets a minimum 20% growth in pre-sales and top-line revenue year-on-year, with expectations to do better in FY27 (Page 11). EBITDA margins expected to remain range-bound between 16%-18% in FY27, improving from 16% in FY26.
What is Raymond Realty Ltd share price analysis?
Raymond Realty Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 12.8 with a market cap of ₹3,847 Cr. Investors should review the full earnings analysis for detailed insights.
Is Raymond Realty Ltd planning capital expenditure?
No explicit mention of current or future capex or strategic investments in new land acquisitions, as the company follows an asset-light model without capital-intensive land purchases.
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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.