Raymond Realty, the real estate division of the Raymond Group, has reported a total income of ₹706 crore for the second quarter of FY26, marking a 20% year-on-year increase compared to ₹589 crore in the same quarter last year. The growth reflects the company’s continued strength and steady performance in India’s housing and development sector.
During the quarter, EBITDA stood at ₹101 crore, up from ₹95 crore in Q2 FY25. The EBITDA margin was 14.3%, slightly lower than 16.2% last year, indicating stable operational efficiency. Raymond Realty also achieved a booking value of over ₹455 crore, driven by strong sales across ongoing and newly launched projects. Additionally, the company maintained a net cash surplus of ₹48 crore, highlighting effective financial management and steady cash inflows.
The company continues to build a robust development pipeline with a potential income of nearly ₹40,000 crore. Out of its 100-acre land parcel in Thane, 55 acres are currently under active development, contributing about ₹25,000 crore of the projected income. The active projects span 5.8 million sq. ft. of RERA carpet area, which could generate approximately ₹13,200 crore in revenue.
Currently, Raymond Realty has six joint development agreements (JDAs) in its portfolio. One project is already under execution, while three to four new projects are expected to launch in the next six to nine months. The remaining JDAs are set to begin within the next 12 to 18 months, supporting the company’s long-term growth strategy in the real estate sector.
Commenting on the results, Harmohan Sahni, CEO of Raymond Realty, said that the company remains on track to meet its strategic growth goals for the second half of FY26. He added that with ongoing construction and new project launches ahead, the company expects stronger operational performance in the upcoming quarters.
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