Latest news with #JDAs
Yahoo
15-05-2025
- Business
- Yahoo
Raymond Ltd (BOM:500330) Q4 2025 Earnings Call Highlights: Strong Real Estate Growth and ...
Total Income (Continuing Operations): ?601 crore in Q4 FY25; ?2,105 crore for FY25. EBITDA (Continuing Operations): ?99 crore in Q4 FY25; ?335 crore for FY25. EBITDA Margin (Continuing Operations): 16.4% in Q4 FY25; 15.9% for FY25. Engineering Business Sales: ?528 crore in Q4 FY25. Engineering Business EBITDA: ?81 crore in Q4 FY25. Engineering Business EBITDA Margin: 15.3% in Q4 FY25. Net Cash Surplus: ?263 crore as of March 2025. Gross Debt: ?677 crore as of March 2025. Cash and Cash Equivalents: ?940 crore as of March 2025. Real Estate Revenue: ?766 crore in Q4 FY25, a 13% growth from Q4 FY24. Real Estate EBITDA: ?194 crore in Q4 FY25, a 13% growth from Q4 FY24. Real Estate EBITDA Margin: 25.3% in Q4 FY25. Real Estate Bookings: ?636 crore in Q4 FY25. Real Estate Net Cash Surplus: Close to ?400 crore as of March 2025. Warning! GuruFocus has detected 3 Warning Signs with BOM:500330. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Raymond Ltd (BOM:500330) reported a strong quarterly performance with a total income of ?601 crore and an EBITDA of ?99 crore, achieving a margin of 16.4% in Q4 FY25. The company successfully demerged its real estate business, positioning Raymond Realty as an independent entity, which is expected to pursue its growth trajectory. Raymond Ltd remains a net debt-free business with a net cash surplus of ?263 crore as of March 2025. The real estate segment reported a 13% year-on-year growth in revenue, reaching ?766 crore in Q4 FY25, with an EBITDA margin of 25.3%. The aerospace business is showing promising signs of recovery, with anticipated growth momentum following the resolution of production issues faced by major aircraft manufacturers. Export markets for the auto ancillary and engineering consumable segments remain subdued due to the ongoing slowdown in the European automotive market and disruptions caused by the Red Sea shipping crisis. The Indian economy's growth rate in Fiscal 2025 was slightly lower than the previous year, which could impact overall market dynamics. Recent policy changes have introduced uncertainty impacting markets worldwide, posing challenges for strategic decision-making. The auto sector component segment is experiencing recent softness due to weaker market conditions, which may impact near-term growth. The real estate market faces potential delays in project launches due to approval processes and legal constraints, particularly in the Mumbai metropolitan region. Q: What are the peak funding requirements for the Realty division's Joint Development Agreements (JDAs), and how do the construction funding rates compare to other developers? A: Harmohan Sahni, CEO - Realty: The peak funding requirement for each JDA ranges between ?250 crore to ?400 crore, depending on the project. Amit Agarwal, Group CFO: The interest rates for construction funding are between 8% to 9.9%, which are competitive due to the company's good credit rating. Q: How does Raymond Ltd plan to manage contractor capacity for its projects? A: Harmohan Sahni, CEO - Realty: The contracting process is competitive, with bids from various contractors. While we have used some initial contractors, we also engage smaller contractors for parts of the work. Future contracts will continue to be awarded based on competitive bidding. Q: What is the launch pipeline for JDAs in the current year, particularly in Thane and other areas? A: Harmohan Sahni, CEO - Realty: We plan to launch a few projects in Q3 and Q4, with a possible launch in Thane during Q2. No launches are scheduled for Q1 due to it being a typically low period. Q: How have residential real estate sales trended recently, and are there any signs of market softening? A: Harmohan Sahni, CEO - Realty: Sales were strong in March, compensating for slower months in January and February. April and May have been business as usual, with a temporary dip due to geopolitical tensions, but inquiries have resumed following recent developments. Q: What is the outlook for the aerospace and automotive markets in the coming year? A: Gautam Singhania, Executive Chairman: The aerospace market is recovering well, with Boeing resuming production. The automotive market is mixed, with stronger performance in India compared to overseas. Despite geopolitical challenges, the overall outlook remains positive. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Today
15-05-2025
- Business
- India Today
Raymond shares jump 5%. Why stock hit upper circuit today?
Raymond Ltd shares surged 5% on Thursday, hitting the upper circuit limit and recovering some ground after a sharp plunge in the previous session. The rebound comes as investors recalibrate following the recent demerger of the company's real estate arm, Raymond the Bombay Stock Exchange, Raymond shares were locked at Rs 578.70 in early trade, up 4.99%. The buying comes a day after the stock appeared to lose more than 60% of its value, a fall that was not driven by weak fundamentals or selling pressure but by a mechanical price RAYMOND SHARES REALLY CRASH?Wednesday's steep decline caught many investors off guard, especially those using trading platforms that did not immediately reflect the post-demerger price adjustment. The drop, however, was purely technical. Shareholders of Raymond Ltd will receive one share of Raymond Realty for every share held, as per the scheme approved earlier this Realty, which has carved out a strong position in Mumbai's residential real estate market, will be listed separately by the September quarter. Until then, the parent company's stock will no longer include the realty business in its valuation, hence the experts had urged investors not to panic, pointing out that the drop in Raymond Ltd's share price was a repricing event. 'This is a notional correction, not a fundamental one. Investors now hold shares in two separate entities with distinct growth trajectories,' said one enthusiasm around Raymond Realty's impending listing is not without reason. In Q4 FY25, the real estate arm reported Rs 766 crore in revenue, up 13% year-on-year. EBITDA stood at Rs 194 crore with a margin of 25.3%, and the business sits on a healthy net cash surplus of 399 in the March quarter touched Rs 636 crore, led by marquee projects like The Address by GS 2.0, Invictus, and Park Avenue – High Street Retail in Thane, along with a Bandra-based joint development agreement (JDA) company is actively expanding beyond its Thane base, having recently signed JDAs in Mahim and Wadala with a combined potential value of 6,800 crore. These projects take the estimated gross development value of Raymond Realty's portfolio to nearly 40,000 crore.'This strategic move reinforces our commitment to unlock shareholder value and focus on pure-play businesses,' said Chairman and MD Gautam Hari realty demerger follows Raymond's earlier spinoff of its lifestyle division, which listed on the bourses in September 2024. Both steps are part of a larger transformation to create sharper business verticals and offer investors greater transparency and focused the initial volatility may have triggered knee-jerk reactions, Thursday's sharp rebound reflects renewed investor confidence as the dust around the demerger settles. With a strong order book, a robust balance sheet, and a clear listing timeline, Raymond Realty's next chapter may yet be one of the group's most value-accretive. advertisement
Economic Times
14-05-2025
- Business
- Economic Times
Did Raymond shares really crash 66%? 4 key things to know about the realty demerger
Raymond share price plunged 66% as the stock turned ex-date for the demerger of Raymond Realty. The sharp fall reflects a notional price adjustment, not a sell-off. Raymond Realty enters its next phase with strong financials, key project traction, and a Rs 40,000 crore pipeline. It is expected to list by Q2 FY26, following Raymond's strategic vertical spin-offs. Tired of too many ads? Remove Ads 1. Demerger triggers notional price adjustment Tired of too many ads? Remove Ads 2. Realty business steps out with strong numbers 3. Expansion through JDAs sharpens MMR focus 4. Raymond Realty listing expected by Q2 FY26 Shares of Raymond Ltd tumbled 66% on Wednesday, trading at Rs 530 compared to Tuesday's close of Rs 1,561.30, as the stock turned ex-date for the demerger of its real estate business, Raymond Realty. While dramatic on the surface, the sharp fall is not a sell-off but a notional price adjustment reflecting the separation of the realty arm, which will now operate as a standalone record date for the demerger is Wednesday, May 14, to determine eligible shareholders who will receive one share of Raymond Realty for every share held in Raymond. The demerger was completed on May 1, and the real estate entity is expected to list separately by the September quarter of steep fall in Raymond's share price is not due to selling pressure but is a notional adjustment to reflect the demerger of its real estate business. With Raymond Realty no longer a part of Raymond Ltd's financials, the parent company's stock has been repriced accordingly. Some trading platforms may still show unadjusted prices, making the markdown appear more severe than it however, are not losing value. They will now hold shares in both Raymond Ltd and the newly demerged Raymond Realty, which has built a strong presence in the Mumbai Metropolitan Region (MMR), begins its next phase with a net cash surplus of Rs 399 crore. In the March quarter, it reported revenue of Rs 766 crore, up 13% year-on-year, with EBITDA of Rs 194 crore and a healthy margin of 25.3%.Its booking value for the quarter stood at Rs 636 crore, driven by strong demand for key projects such as The Address by GS 2.0, Invictus, Park Avenue – High Street Retail in Thane, and The Address by GS in Realty is scaling operations through joint development agreements (JDAs), particularly in the MMR. In Q4, it signed new JDAs in Mahim and Wadala, adding Rs 6,800 crore in 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, including Rs 25,000 crore from our Thane land parcel and Rs 14,000 crore from the JDA-led model,' the company Realty is set to be listed on both NSE and BSE by the September quarter of FY26. It will trade as a fully independent entity, enabling investors to value and track the business separately from Raymond's other demerger is part of Raymond's broader strategic transformation. The group previously spun off and listed its lifestyle business in September 2024, as part of a move to unlock value by creating focused verticals.
Business Standard
14-05-2025
- Business
- Business Standard
Raymond just got lighter: share price adjusts for realty demerger
Raymond's share price plunged nearly 64% to Rs 556.45 as the stock turned ex-date for the demerger of its real estate arm, Raymond Realty. The record date for the demerger is set for Wednesday, 14 May 2025, to determine shareholder eligibility. As part of the arrangement, shareholders will receive one share of Raymond Realty for every share held in Raymond. The steep fall in Raymond's stock is not indicative of a sell-off but reflects the price adjustment due to the spinoff of its real estate vertical. Raymond Realty will now operate independently as a standalone listed entity. The demerger plan was first announced in July 2024 and received approval from the National Company Law Tribunal in March 2025. It officially came into effect on 1 May 2025. Post-demerger, investors will hold equity in both Raymond and Raymond Realty. Raymond Realty is expected to be listed on the stock exchanges in the second quarter of FY2025-26. The move is part of Raymond Groups broader strategy to unlock value by restructuring its operations into focused verticals. This marks the groups second major demerger, following the listing of Raymond Lifestyle in September 2024. During the Q4 quarter, the real estate business delivered a robust quarterly performance with a revenue of Rs 766 crore in Q4 FY25 from Rs 677 crore in Q4FY24 recording a growth of 13%. It reported an EBITDA of Rs 194 crore in Q4 FY25 from Rs 171 crore in Q4 FY24 and an EBITDA margin at 25.3% in Q4FY25. Raymond's real estate business signed two new Joint Development Agreements (JDAs) in Mahim and Wadala, with a combined Gross Development Value (GDV) of approximately Rs 6,800 crore. With these additions, the total potential revenue from the current real estate portfolio stands at nearly Rs 40,000 crore, comprising around Rs 25,000 crore from the Thane land parcel and approximately Rs 14,000 crore from the JDA-led model. In Q4 FY25, the business recorded a strong booking value of Rs 636 crore, driven primarily by sustained demand for projects such as The Address by GS 2.0, Invictus, and Park Avenue High Street Retail in Thane, as well as The Address by GS in Bandra under the JDA model. Additionally, the real estate segment has turned net cash surplus, reporting Rs 399 crore in cash. Raymond Group, a pioneer in fabric manufacturing since 1925, later expanded into sectors such as engineering and real estate. Following the demerger of its lifestyle business into a separate listed entity in 2024, and now its real estate division, Raymond is now focused on its core strengthengineering. The companys engineering business is a market leader in the production of files and hand tools, with a strong footprint in both domestic and international markets. With the recent acquisition of Maini Precision Products Limited (MPPL), Raymonds engineering arm is set to transform into a large-scale provider of components for engineering, automotive, electric vehicles (EV), aerospace, and defense sectors.
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.'
