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Time of India
15-05-2025
- Business
- Time of India
Raymond shares hit 5% upper circuit after Dalal Street prices in realty demerger
Shares of Raymond Ltd hit the 5% upper circuit at Rs 584.25 on the BSE Thursday, gaining sharply after the company concluded the demerger of its real estate arm, Raymond Realty , as part of a broader strategy to unlock value through standalone verticals. The surge follows the completion of the demerger on May 1 and the record date on Wednesday, May 14, which determined eligible shareholders who will receive one share in Raymond Realty for every share held in Raymond Ltd. The newly carved-out entity is expected to list separately on the NSE and BSE by the September quarter of FY26. 'We are delighted to announce the successful demerger… This strategic move emphasizes our commitment to drive sustainable growth via pure play business,' said Chairman and Managing Director Gautam Hari Singhania. Realty arm steps out with strong metrics Raymond Realty, which has built a growing footprint in the Mumbai Metropolitan Region , exits the Raymond Ltd umbrella with a net cash surplus of Rs 399 crore. In the March quarter (Q4FY25), the business posted revenue of Rs 766 crore, up 13% year-on-year, and an EBITDA of Rs 194 crore with a margin of 25.3%. Despite no new project launches in the quarter, Raymond Realty posted a healthy booking value of Rs 636 crore, led by demand for projects like The Address by GS 2.0, Invictus, and Park Avenue – High Street Retail in Thane, as well as The Address by GS in Bandra. The realty unit is aggressively expanding its presence in the Mumbai Metropolitan Region through joint development agreements. In Q4FY25, it signed new JDAs in Mahim and Wadala, adding Rs 6,800 crore to its potential gross development value. 'With these additions the total potential revenue from our current Real Estate Business is now close to Rs 40,000 crore, which includes Rs 25,000 crore from our Thane Land parcel and Rs 14,000 crore from JDA led model,' the company said. The listing of Raymond Realty will allow shareholders to directly participate in the real estate business while Raymond Ltd continues to operate its engineering and other legacy businesses. The demerger mirrors the September 2024 spin-off of Raymond group's lifestyle unit and is part of a wider effort to restructure the conglomerate into focused, independently run verticals. Also read | Inside Raymond's realty demerger: 7 things to know about the real estate arm as it goes solo ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India Today
14-05-2025
- Business
- India Today
Raymond stock in spotlight as realty demerger takes effect. Check details
Raymond Ltd shares will be in focus on Wednesday, May 14, as the stock turns ex-date for the demerger of its real estate arm, Raymond Realty Ltd (RRL). The demerger was officially completed on May 1, and today marks the record date for identifying eligible shareholders who will receive equity shares in the newly carved-out per the approved scheme, Raymond shareholders will receive one equity share of Raymond Realty for every share held in Raymond. The standalone real estate company is expected to be listed during the September quarter of Realty has shown strong financial momentum. In the March quarter (Q4 FY25), it posted a revenue of Rs 766 crore, a 13% rise from Rs 677 crore in the same period last year. EBITDA also improved to Rs 194 crore from Rs 171 crore a year ago, with margins expanding to 25.3%. Operationally, the business continues to prioritise timely project delivery. During the quarter, it signed two new joint development agreements (JDAs) in Mahim and Wadala with a combined gross development value (GDV) of Rs 6,800 additions are seen as significant contributors to future growth and underscore Raymond Realty's expanding footprint in the Mumbai Metropolitan to the company, total revenue potential from its real estate portfolio now stands at approximately Rs 40,000 crore—Rs 25,000 crore from its Thane land parcel and Rs 14,000 crore from JDA-led Realty also recorded bookings worth Rs 636 crore in Q4, largely driven by strong demand for premium offerings such as The Address by GS 2.0, Invictus, Park Avenue – High Street Retail in Thane, and the Bandra JDA a cash surplus of Rs 399 crore, the demerged entity is entering its new phase on a strong financial footing.'This strategic separation reinforces our commitment to a pure-play model, unlocking value for shareholders and ensuring long-term sustainable growth,' said Chairman and Managing Director Gautam Hari Singhania. 'With the new JDAs, we now have six active projects outside Thane, further diversifying our real estate pipeline.'
News18
14-05-2025
- Business
- News18
Raymond Shares Crash 65% Today: Why Is The Stock Falling After Realty Demerger?
Last Updated: Shares of Raymond Ltd plunged 65% on Wednesday; Here are key points which investors should know Raymond Share Price Today: Shares of Raymond Ltd plunged 65% on Wednesday, but any negative news or fundamental weakness didn't drive the steep fall. Instead, it was a technical adjustment following the demerger of its real estate arm, Raymond Realty. By mid-day, Raymond stock was trading at Rs 556.45, down 64.36% from its previous close of Rs 1,561.30. The timing coincided with the ex-date of the demerger, when Raymond shares stopped including the value of its realty business. What's Driving the Fall? Today marks the record date to determine which shareholders are eligible to receive shares of Raymond Realty. Under the approved demerger scheme (effective from May 1), existing investors will receive one Raymond Realty share for every Raymond Ltd share held. The stock's sharp decline reflects a notional price adjustment, not panic selling. Since Raymond Realty has been carved out of the parent company, Raymond Ltd's share price has been recalibrated to exclude the real estate business. Some platforms may still show the pre-adjustment price, making the drop seem more dramatic than it actually is. Shareholders Haven't Lost Value Although Raymond Ltd's stock price dropped, shareholders now hold two separate investments: one in Raymond Ltd (which now reflects the non-realty businesses) and another in the soon-to-be-listed Raymond Realty. This is the second major demerger by the Raymond Group. In September 2024, it had listed Raymond Lifestyle as a standalone entity following a similar split of its apparel and fashion businesses. Strong Numbers from Raymond Realty The Address by GS 2.0, Invictus, Park Avenue – High Street Retail in Thane, and the JDA-based The Address by GS in Bandra. It posted a healthy EBITDA of Rs 194 crore with a margin of 25.3%, and holds a net cash surplus of Rs 399 crore. Expansion Strategy Gains Momentum Raymond Realty is aggressively expanding across the Mumbai Metropolitan Region (MMR). It has recently signed two Joint Development Agreements (JDAs) in Mahim and Wadala, together valued at Rs 6,800 crore, increasing its non-Thane project count to six. 'This strategic move reinforces our commitment to unlocking shareholder value and focusing on pure-play businesses," said Gautam Hari Singhania, Chairman and Managing Director of Raymond. 'We're expanding our footprint across MMR and committed to timely, high-quality developments." What Investors Should Know While the sharp drop in Raymond Ltd's share price may alarm some investors, especially those using apps or platforms that haven't updated valuations, it's important to note this is a technical correction, not a reflection of business weakness. With the demerger complete and the real estate arm set to list independently, Raymond aims to boost transparency, operational focus, and growth potential across both entities.
India Today
14-05-2025
- Business
- India Today
Raymond shares crash 64%: Why is the stock falling after realty demerger?
Shares of Raymond Ltd plunged over 64% on Wednesday, not due to any negative news or fundamentals, but as a technical adjustment linked to the demerger of its real estate business, Raymond last count, the stock was trading at Rs 556.45, down 64.36% from its previous close of Rs 1,561.30. The sharp fall coincided with the ex-date of the demerger, when Raymond shares stopped factoring in the value of its real estate HAPPENING?Today is the record date to determine eligible shareholders who will receive shares of Raymond Realty, following the May 1 demerger. Under the approved scheme, investors will get one share of Raymond Realty for every share held in Raymond Ltd. This is the second major demerger for the group, following the earlier split of its lifestyle business into Raymond Lifestyle, which listed on stock exchanges in September real estate arm — now demerged — is expected to list separately by the September quarter. Until then, Raymond's stock will reflect only the non-realty segments of the Realty ended FY25 on a strong note, clocking Rs 766 crore in revenue for the fourth quarter, up 13% year-on-year. Its booking value stood at Rs 636 crore, led by projects like The Address by GS 2.0, Invictus, and Park Avenue – High Street Retail in Thane, along with the JDA project The Address by GS in business also reported a healthy EBITDA of Rs 194 crore with margins at 25.3%, and sits on a net cash surplus of Rs 399 Realty is expanding beyond Thane, having signed two new Joint Development Agreements in Mahim and Wadala, together valued at Rs 6,800 crore. These take its non-Thane project count to six, strengthening its presence across the Mumbai Metropolitan Region (MMR).'This strategic move reinforces our commitment to unlock shareholder value and focus on pure-play businesses,' said Gautam Hari Singhania, Chairman and MD of Raymond. 'We are strengthening our footprint across MMR and delivering on our promise of timely, high-quality developments.'While the sharp price drop may have caught some investors off-guard — especially those using mobile trading apps that may not yet reflect the adjusted valuation — the correction is largely mechanical and not a reflection of weak the company gears up for the separate listing of Raymond Realty, the demerger is seen as a move to enhance transparency, operational efficiency, and growth potential in one of India's most competitive real estate markets.
Fibre2Fashion
13-05-2025
- Business
- Fibre2Fashion
India's Raymond reports $252 mn total income in FY25, up 85% YoY
Indian branded fabric and fashion retailer Raymond has reported total income of ₹2,105 crore (~$252 million) in the full fiscal 2025 (FY25) ended March 31, 2025, an increase of 85 per cent year-over-year (YoY). The revenue from operations reached ₹1,947 crore and full-year EBITDA stood at ₹335 crore, up 41 per cent, while PBT before exceptions declined 27 per cent to ₹123 crore. The net profit from continuing operations was ₹52 crore, while net profit from demerged operations surged to ₹7,584 crore. Total net profit for the year rose sharply to ₹7,636 crore (~$914 million), registering a 365 per cent growth. Raymond has reported total income of ₹2,105 crore (~$252 million) in FY25, up 85 per cent YoY, with revenue from operations at ₹1,947 crore and EBITDA rising 41 per cent to ₹335 crore. Net profit surged to ₹7,636 crore (~$914 million), driven by ₹7,584 crore from demerged operations. In Q4, income grew 95 per cent to ₹601 crore (~$72 million), with ₹99 crore EBITDA. For the fourth quarter (Q4), Raymond posted steady quarterly performance recording a total income of ₹601 crore (~$72 million) in the fourth quarter (Q4) of fiscal 2025 (FY25), up 95 per cent YoY, and EBITDA at ₹99 crore (~$11.86 million), up 38 per cent, with a margin of 16.4 per cent. The company reported consolidated revenue from operations of ₹557 crore. However, the profit before tax (PBT) before exceptional items declined by 4 per cent to ₹45 crore, and PBT margin fell to 7.4 per cent from 15.1 per cent. The net profit from continuing operations more than doubled to ₹25 crore, while demerged operations contributed ₹112 crore in net profit. 'We are delighted to announce the successful demerger of our real estate business, which is expected to be listed in the Q2FY26. This strategic move emphasizes our commitment to drive sustainable growth via pure play business and further enhance shareholder value,' said Gautam Hari Singhania, chairman and managing director (MD) at Raymond. Fibre2Fashion News Desk (SG)
