Raymond Realty Posts ₹26.93 Crore Profit in Q1 FY26; Strengthens Expansion Through JDA Model

By Sana Khan
Editor, Realty Quarter

Mumbai : Raymond Realty Ltd (RRL), the real estate arm of the Raymond Group, reported a standalone profit after tax (PAT) of ₹26.93 crore for the quarter ended June 30, 2025 (Q1 FY26). The company’s standalone total income during the same period stood at ₹334.34 crore.

In the first quarter, RRL achieved booking values worth ₹306 crore and collections amounting to ₹374 crore, indicating steady demand and strong operational performance.

The company’s total gross development value (GDV) has reached ₹40,000 crore. It continues to maintain a healthy balance sheet, remaining net-debt free with a net cash surplus of ₹233 crore.

Following its strategic de-merger from Raymond, the company was officially listed as an independent entity on the Indian stock exchanges on July 1, 2025.

At present, RRL is developing around 40 acres of land in Thane, translating to nearly four million sq ft of carpet area with a revenue potential of ₹9,000 crore. Of this, the company has already sold units worth ₹7,850 crore and collected approximately ₹6,000 crore. In addition, RRL holds 60 acres of unlaunched inventory, translating into 7.4 million sq ft of carpet area, which it plans to launch over the next seven to eight years.

The company has outlined an asset-light growth strategy through Joint Development Agreements (JDAs) to drive future expansion. Currently, RRL has six JDA projects in its portfolio — one already launched and under development. The company aims to roll out three to four of the remaining five projects within the next 6–9 months, while the rest are expected to be launched over the following 12–18 months.

With a strong financial foundation, a substantial project pipeline, and a focus on strategic partnerships, Raymond Realty is well-positioned to consolidate its presence as a leading developer in the Mumbai Metropolitan Region (MMR).