Raymond Realty Q2 FY 2026-27 Results in Focus as Shares Jump 6% as Pre-Sales Nearly Double to ₹902 Crore Without New Launches
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Raymond Realty reported strong Q2 FY27 business numbers without launching a new project, with pre-sales nearly doubling and collections rising sharply. The real estate company also outlined over ₹4,100 crore of upcoming MMR projects.
Raymond Realty's pre-sales nearly doubled in the second quarter of FY27 to ₹902 crore, up 98% from ₹455 crore in the year-ago period. The company reported the increase despite not launching any new projects during the quarter. Collections also rose 67% year-on-year to ₹682 crore.
Shares of Raymond Realty gained as much as 6.4% to ₹689.90 on Monday, October 5, after the company released its Q2 business update. At 12:49 pm, the stock was trading at ₹669.35, up 3.22% on the NSE. The stock has gained 28% since the start of the year and 58.5% in the past six months.
The company said sales momentum remained strong across its existing projects during the quarter, with steady price realisation. Raymond Realty is also preparing to launch projects in the Mumbai Metropolitan Region (MMR) with a combined gross development value (GDV) of more than ₹4,100 crore over the next two quarters.
Raymond Realty Q2 FY27 Pre-Sales Rise 98%
Raymond Realty's pre-sales stood at ₹902 crore in Q2 FY27, compared with ₹455 crore in the same quarter last year. The company said the growth came without any new project launches during the quarter.
Collections increased 67% year-on-year to ₹682 crore. During the quarter, Raymond Realty received the occupancy certificate for Address by GS Season 1 Tower B in Thane, covering 270 units. The approval was received ahead of the project's proposed RERA completion date of March 2028.
The company said it plans to step up launches over the next two quarters. Its MMR pipeline has a combined GDV of more than ₹4,100 crore.
Raymond Realty Borrowings Rise ₹125 Crore In Q2
Raymond Realty's gross borrowings increased by ₹125 crore during the quarter to ₹1,220 crore as of September 30, 2026. The company said the additional borrowing was mainly used to fund construction for projects launched in FY26.
After taking into account liquidity of ₹306 crore, net debt stood at ₹914 crore at the end of September. The company's net debt-to-equity ratio remained below the board-approved limit of 1.0 times.
Raymond Realty retained its FY27 guidance of around 20% growth in pre-sales and around 20% return on capital employed. It also maintained its EBITDA margin target of 17–19% and PAT margin target of 9–10%.
The company expects the upcoming MMR launches and its existing projects to support the FY27 pre-sales target.
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Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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