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Raymond Realty's Pre-Sales Nearly Double in Q2, On Track for FY27 Guidance
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CNBC TV18•05-10-2026, 12:49
Raymond Realty's Pre-Sales Nearly Double in Q2, On Track for FY27 Guidance
- •Raymond Realty's pre-sales surged 98% to ’902 crore in Q2 FY27, despite no new launches, driven by sustained homebuyer confidence.
- •Collections for the quarter rose 67% to ’682 crore, indicating healthy execution and demand, with 'Address by GS' portfolio boosting sales.
- •The company received an Occupation Certificate for The Address by GS Season 1 Tower in Thane 18 months ahead of its RERA timeline.
- •Gross borrowings increased by ’125 crore to ’1,220 crore, primarily to finance construction for FY26 projects, maintaining a net debt-to-equity ratio below 1x.
- •Raymond Realty is accelerating growth with a strong pipeline of MMR launches, including two JDA projects in Mahim with a combined GDV of over ’4,100 crore, to meet FY27 pre-sales guidance.
Key Questions Answered
Raymond Realty's pre-sales surged 98% to ₹902 crore in the second quarter of FY27, driven by resilient sustenance sales, steady price realisation, and continued homebuyer confidence despite having no new launches.
The company is on track to achieve a 20% growth in pre-sales, a Return on Capital Employed (RoCE) of about 20%, and margins between 17% and 19% for FY27.
Raymond Realty is accelerating its growth with two Joint Development Agreement (JDA) projects in Mahim, Mumbai—Mahim 1 and Mahim 2—with a combined Gross Development Value (GDV) of over ₹4,100 crore across 0.80 million sq ft of RERA carpet area.
