Shares of Raymond Realty Ltd, the demerged real estate arm of the Raymond Group, experienced a significant rally on Friday afternoon, July 3, 2026. The stock climbed 5.99 percent, hitting a high of Rs 669.85, following a robust financial announcement from the company.
Raymond Realty reported exceptional pre-sales figures for the June 2026 quarter (Q1 FY27), totaling Rs 700 crore. This marks a substantial 129 percent year-on-year increase compared to Rs 306 crore recorded in the same period last year. The company attributed this stellar performance to strong underlying organic demand for its premium residential projects, even in a quarter without new project launches.
Strong Demand Drives Growth in MMR
The company highlighted that the sales momentum was particularly strong across the Mumbai Metropolitan Region (MMR). This performance underscores the deep consumer trust and powerful brand equity that Raymond Realty has cultivated in the market, driven by consistent velocity in its 'Address by GS' portfolios and strong price realization across the MMR ecosystem.
In addition to pre-sales, quarterly collections also saw a healthy rise, increasing 47 percent year-on-year to reach Rs 550 crore. Raymond Realty stated that this sustained inflow ensures excellent liquidity generated directly from its operational base.
Financial Health and Future Outlook
During the quarter, capital deployment included Rs 198 crore in borrowings, primarily allocated to construction and working capital requirements for seven projects launched in FY26. Total outstanding borrowings as of June 30, 2026, stood at Rs 1,097 crore, up from Rs 380 crore on June 30, 2025, reflecting peak-cycle construction drawdowns.
Despite increased borrowings, the company maintained a strong financial position. Liquidity as of June 30, 2026, was Rs 270 crore, resulting in a net debt position of Rs 827 crore. Raymond Realty emphasized that its net debt/equity ratio remains comfortably below its internal ceiling of 1.0x.
Looking ahead, the company expects margins to progressively normalize over subsequent quarters as project construction crosses revenue-recognition thresholds. While the margin profile for Q1 FY27 is in line with Q1 FY26, the performance aligns with financial forecasts. Raymond Realty reiterated its commitment to meeting its EBITDA margin guidance of 17-19 percent for FY27.