Raymond Realty shares in focus after Q1 profit more than doubles
ADVERTISEMENT In its first earnings report since the demerger from Raymond on May 1, the company posted consolidated revenue of Rs 374.4 crore, up 188.7% YoY. However, on a like-to-like basis (post-demerger), revenue declined 23% YoY, while EBITDA dropped 39% YoY to Rs 41 crore.
Explaining the dip, Managing Director Harmohan Sahni told Business Standard, 'We had done a bumper Q3 and Q4 last year and were low on inventory in Q1. Demand was strong, but we didn't have enough inventory to sell. We had to rush to get approvals for fresh launches.'
Booking value stood at Rs 306 crore in Q1FY26, down from Rs 611 crore a year ago. Collections also declined to Rs 374 crore from Rs 483 crore in the same period. However, Sahni said pricing remained firm, with realisations up 5% YoY.Raymond Realty's current real estate portfolio has a potential revenue of Rs 40,000 crore, including Rs 25,000 crore from a 100-acre land parcel in Thane. The company is also developing six joint development agreement (JDA) projects with a revenue potential of Rs 14,000 crore.
Also Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1
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Raymond Realty shares technical indicators
On the technical side, the stock's relative strength index (RSI) is at 31.9, indicating it is nearing the oversold zone. It is trading above its 5-day and 10-day simple moving averages but below the 20-day average.
ADVERTISEMENT Raymond Realty share price performance
Shares of Raymond Realty closed 4.4% higher at Rs 725.6 on Tuesday, even as the Sensex fell 0.38%. The stock is down 4% over the past two weeks and 22% in the last month. Market capitalisation stands at Rs 4,830 crore.
Also Read: These 10 stocks delivered consistent dividend yields over the last 3 years
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