Raymond Realty Finishes FY26 with Strong Q4 Pre-Sales Jump

Raymond Realty has announced provisional results for its strongest sales performance in FY26, driven by a significant surge in the fourth quarter. The company reported Q4 FY26 pre-sales jumped 139% year-on-year to ₹1,519 crore. This strong finish contributed to a full-year FY26 pre-sales total of ₹3,023 crore, marking a 31% increase from the previous year.

Key Financial Highlights

A key development for the year was securing a new project in Kandivali with an estimated Gross Development Value (GDV) of ₹3,000 crore. Raymond Realty maintains substantial future growth potential, with a pipeline visibility of ₹43,000 crore across the Mumbai Metropolitan Region (MMR). The company's financial health remains solid, reporting Net Debt of approximately ₹605 crore and a liquidity buffer of ₹414 crore as of FY26. The EBITDA margin for the first nine months of FY26 stood at 13% on a standalone basis.

Growth Drivers and Market Position

The substantial increase in pre-sales, especially the Q4 acceleration, highlights strong customer demand for Raymond Realty's projects and effective sales strategies. The addition of a major new project in Kandivali underscores the company's strategic expansion and confidence in the MMR property market. This extensive pipeline visibility provides a clear path for sustained development and future revenue generation.

About Raymond Realty

Raymond Realty Ltd is the real estate development arm of the Raymond Group. The company focuses on residential projects, primarily within the Mumbai Metropolitan Region (MMR). Raymond Ltd views its real estate business as a key driver for future growth, actively pursuing initiatives to expand operations and acquire new projects.

Outlook for Shareholders

Shareholders can look forward to potential accelerated growth, fueled by the acquisition of new projects and sustained sales momentum. The company's strategic expansion in the MMR is expected to strengthen its market position. The robust project pipeline suggests continued development and reliable income streams in the coming years. Raymond Realty continues to manage its finances prudently, maintaining controlled debt levels and adequate liquidity.

Factors to Monitor

Investors should note that the reported figures are provisional and subject to final review, which could lead to adjustments. While Q4 collections saw a modest 4% increase, overall FY26 collections decreased by 9% year-on-year, a trend to watch for its impact on cash flow.

Industry Context

Raymond Realty's strong pre-sales performance aligns with a positive trend across the real estate sector. Major developers like Oberoi Realty and Godrej Properties have also reported robust growth in FY26 pre-sales, benefiting from housing demand and new project launches in key markets.

Next Steps and Investor Focus

Key areas for investors to track include the finalization and audit of the provisional FY26 and Q4 FY26 financial figures. The development progress and sales performance of the newly acquired Kandivali project will be closely watched. The company's ability to effectively activate its ₹43,000 crore pipeline in the coming years is also a significant focus. Ensuring that collection trends keep pace with sales velocity will be crucial.