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The real estate development arm of the Raymond Group, Raymond Realty, reported a strong fourth quarter for FY26, with pre-sales rising 139% year-on-year to ₹1,519 crore, compared with ₹636 crore in the same period last year.
Collections for the quarter increased 4% to ₹515 crore from ₹496 crore a year earlier.
For the full year, pre-sales rose 31% to ₹3,023 crore from ₹2,314 crore in FY25. However, collections declined 9% year-on-year to ₹1,725 crore from ₹1,887 crore.
The company said demand during the March quarter was supported by launches across the Mumbai Metropolitan Region (MMR), including projects in Thane, Wadala, Sion and Bandra Kurla Complex (BKC). It added that new launches saw steady traction, particularly in the premium housing segment.
During the quarter, the company secured a redevelopment project in Kandivali with an estimated gross development value (GDV) of ₹3,000 crore. It remains on track to activate a development pipeline of around ₹43,000 crore across the MMR over the next few years.
On the financial front, net debt stood at about ₹605 crore, remaining below its internal threshold of 1x net debt-to-equity. The company reported a liquidity buffer of ₹414 crore, while the cost of debt stood at around 9.60%.
EBITDA margin for FY26 came in at 13%, with some improvement seen during the fourth quarter.
Also read: Raymond Realty Q3 Results: Revenue, profit rise, margins impacted by launch costs
