Raymond Realty Signals Strong Growth Momentum with 129% Pre-Sales Surge in Q1 FY27

Raymond Realty Limited has kicked off the new fiscal year on a high note, posting an exceptional operational performance for the first quarter of FY27. Following a landmark fiscal year 2026-which saw the roll-out of seven major projects-the company has successfully carried its rapid growth velocity into the current year, achieving triple-digit year-over-year expansion in its core sales metrics.

Key Operational and Financial Performance Metrics

The company's provisional operational figures highlight sharp increases across both sales velocity and liquidity management compared to the same period last year.

Explosive Pre-Sales Growth: Raymond Realty's pre-sales surged to ₹700 crores for the quarter, marking a spectacular 129% increase over the ₹306 crores recorded in Q1 FY26. Notably, this momentum was unlocked completely via organic demand within the Mumbai Metropolitan Region (MMR) ecosystem, as the company did not register any new residential project launches during the quarter. Sustained sales velocity within the premium 'Address by GS' portfolio and robust price realizations drove this performance.

Resilient Cash Inflows: Operational cash management remained highly efficient, with quarterly collections climbing 47% year-over-year to hit ₹550 crores, up from ₹374 crores in the corresponding quarter last fiscal.

Debt and Liquidity Position: To fuel peak-cycle construction drawdowns for the seven projects launched in FY26, capital deployment during the quarter included ₹198 crores in fresh borrowings. This brought total outstanding borrowings to ₹1,097 crores as of June 30, 2026 (up from ₹380 crores as of June 30, 2025). Factoring in a healthy cash liquidity buffer of ₹270 crores, Raymond Realty's Net Debt position stood at ₹827 crores at the quarter's end.

Financial Outlook and Lifecyle Margin Dynamics

Management emphasized that its capital structure remains well-protected, keeping the company's Net Debt-to-Equity ratio comfortably below its conservative internal ceiling of 1.0x.

Addressing the cyclical margin profiles typical of large-scale real estate developments, the company noted that profitability milestones reflect front-loaded marketing expenses and early-stage construction setups. While the margin profile for Q1 FY27 felt the effects of this launch-phase seasonality, the performance landed perfectly in line with internal forecasts. Management reconfirmed that it remains firmly on track to hit its full-year EBITDA margin guidance of 17% to 19% for FY27.

Shares of Raymond Realty Limited was last trading in BSE at Rs. 676.75 as compared to the previous close of Rs. 632.00. The total number of shares traded during the day was 234939 in over 5526 trades.

The stock hit an intraday high of Rs. 709.15 and intraday low of 631.00. The net turnover during the day was Rs. 159218512.00.

Source : Equity Bulls

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RaymondRealty Q1FY27 BusinessUpdate