Raymond Realty jumps after Q2 pre-sales surge 98% YoY to Rs 902-cr

Raymond Realty surged 6.25% to Rs 688.60 after the company reported a 98% year-on-year (YoY) increase in pre-sales to Rs 902 crore in Q2 FY27, compared with Rs 455 crore in Q2 FY26.

The growth was driven entirely by sustained sales momentum and stable price realisations across the existing Address by GS portfolio.

The company maintained strong sales momentum and stable price realisations during the quarter despite not launching any new projects. Customer collections also increased 67% YoY to Rs 682 crore, reflecting sustained demand and execution progress across projects.

During Q2 FY27, the company received an occupation certificate (OC) for Tower B of Address by GS Season 1 in Thane. The tower comprises 270 units with a total RERA carpet area of 3,44,478 square feet. The occupation certificate was received ahead of the project's proposed RERA completion timeline of March 2028.

Raymond Realty plans to accelerate its growth over the next two quarters, with a pipeline of planned launches across the Mumbai Metropolitan Region (MMR) representing a cumulative gross development value (GDV) of more than Rs 4,100 crore.

The company reiterated its FY27 guidance, targeting approximately 20% growth in pre-sales and a return on capital employed (ROCE) of around 20%. It also expects an EBITDA margin of 17?19% and a profit after tax (PAT) margin of 9?10%.

Harmohan Sahni, managing director & CEO, Raymond Realty, said: ?We nearly doubled pre-sales this quarter without any new launches, supported by resilient sustenance sales and continued homebuyer confidence in our projects. Simultaneously, the 67% year-on-year growth in collections highlights our focus on cash flow efficiency. Furthermore, receiving the Occupation Certificate (OC) for The Address by GS Season 1 Tower B approximately 18 months ahead of its RERA timeline stands as a strong testament to our execution capabilities.

Looking ahead, our focus centres on scaling our operational footprint through a strong pipeline of scheduled launches in MMR. Representing a cumulative GDV of over Rs 4,100 crore, these launches are expected to strengthen our market position and support our objective of achieving the pre-sales guidance for FY27.?

Raymond Realty is a real estate developer, headquartered in Mumbai and part of the iconic Raymond Group. It has iconic aspirational, premium, and super premium residential brands (TenX, The Address by GS and Invictus by GS).

The company?s consolidated net profit declined 18.61% to Rs 13.43 crore in Q1 FY27, compared with Rs 16.50 crore in Q1 FY26. Revenue from operations jumped 38.42% YoY to Rs 526.67 crore in Q1 FY27.

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