Profit Ka Toofan Kaise Aaya?
Raymond Realty ne FY26 ke Q4 mein sach mein kamaal kar diya! Company ka net profit 6,500% bhag kar ₹161 crore ho gaya hai, jo pichhle saal ke ₹2.4 crore ke comparison mein ekdum rocket hai. Iske peeche sabse bada reason hai jabardast margin expansion. Unka EBITDA margin 12.4% se 20.3% tak pahunch gaya hai, matlab company apne projects se ab zyada kama rahi hai aur costs control mein hain. Revenue bhi ₹117.1 crore se badh kar ₹1156.7 crore ho gaya hai.
Stock Ne Kaise React Kiya?
Ye khabar sunte hi Raymond Realty ka stock 1.6% upar bhaga aur ₹475.35 par band hua. Mazedar baat ye hai ki ye Nifty ke 0.36% girne ke opposite direction mein gaya. Investors ab dekh rahe hain ki kya company ye high margins competitive real estate market mein maintain kar paayegi. Company ki market cap ab ₹15,000 crore ke aas paas hai.
Valuation Ka Kya Scene Hai?
Company ka P/E ratio ab 35x hai. Bade players jaise DLF (~50x) aur Godrej Properties (~60x) se yeh kam hai, par Oberoi Realty (45x) se thoda kam. Indian real estate sector mein demand mazboot hai, especially premium housing ke liye. Par itni high valuations ke liye results ka consistent rehna bahut zaroori hai.
Aage Ki Raah Aur Dividends
Q4 ka performance accha hai, lekin 35x P/E ke saath valuation par thodi nazar rakhni hogi kyunki yeh Raymond Realty ke liye historically high hai. Pichhle saal bhi profit growth acchi thi, par stock mein volatile reaction tha. Company ne ₹2 per share ka dividend bhi announce kiya hai, jo ek positive signal hai. Sabse important hoga ki company future quarters mein bhi apne expanded margins ko maintain kar paaye aur competition ko face kar sake.
