Latest news with #RRL
Time of India
6 days ago
- Business
- Time of India
Raymond Realty posts standalone profit of ₹26.93 crore in Q1 FY26
NEW DELHI: Raymond Realty (RRL), the real estate arm of Raymond Group , has reported standalone profit after tax of ₹26.93 crore during the quarter ended June 30, 2025. It had registered standalone total income of ₹334.34 in Q1 FY26. The company witnessed booking value of ₹306 crore while collections were at ₹374 crore in Q1 FY26. Its total gross development value (GDV) was ₹ 40,000 crore and it continues to be a net-debt free company with ₹233 crore in net cash surplus. RRL officially listed as separate entity on the Indian stock exchanges on July 1, 2025, following its strategic de-merger from Raymond. It has about 40 acres of land parcel in Thane currently under development which translates to four million sq ft of carpet area with a potential revenue of ₹ 9,000 crore, of which, it has already sold ₹7,850 crore and collected an amount of ₹ 6,000 crore so far. Remaining 60 acres of unlaunched inventory which translates to 7.4 million sq ft of carpet area will be launched over the next 7-8 years. The company said that it plans future expansion through an asset-light business model via the joint development agreement (JDA) route. It currently has a grand total of six JDA's in its portfolio, of which, one is currently launched and under development. It expects to launch about three to four out of the remaining five JDA's over the next 6-9 months and balance over the next 12-18 months.
Fast Company
29-07-2025
- Lifestyle
- Fast Company
Wyatt Mitchell isn't afraid to wear a onesie
As a senior design director at Apple, Wyatt Mitchell spends a lot of time thinking about the way the technology company's products and services show up in our everyday lives. This design consciousness doesn't stop with work; it extends to his distinctive personal style. Over the years, Mitchell's taste has evolved in a way that has given his style some serious range—from traditional denim workwear to precisely tailored clothing to a bow tie, depending on what he's trying to convey to the world. 'Style is a tool you can use for yourself mentally, and externally for other people,' he says. 'I like the ability to use a tool like that to telegraph certain things about me.' [Photo: Ashley Bloom/Apple] Though Mitchell is hesitant to pigeonhole his personal style, he has become known for his signature look of traditional workwear coveralls and jumpsuits, which he sources from automotive workwear websites or RRL. In 2019, Mitchell went viral when he walked on stage at Apple's annual developer conference in a white coverall from RRL and Off-White sneakers. Subscribe to the Design newsletter. The latest innovations in design brought to you every weekday Privacy Policy | Fast Company Newsletters Mitchell's look was celebrated across fashion blogs for its obvious contrast to the typical jeans-and-a-shirt tech world uniform at the time. 'What you wear is an extension of your visual acuity,' he says. 'I don't try to take on entirely new styles. I'm not that sort of free, but I do like the evolution.' [Photo: Lilly Red (portrait)] In a world of sameness, Mitchell is doing the exact thing that all good style leaders do: they unabashedly wear what inspires them, and do it repeatedly. 'It's a little scary—my closet is predominantly suits, overalls, and coveralls,' he says. 'I should probably pare that down.' Describe your style in a sentence. I honestly don't think I can put that in to words. And if I could, I would be a writer. Sorry. What's the one piece in your closet you'll never get rid of? Nothing is sacred, but I'll probably always have a pair of Chucks. advertisement How long does it take you to get dressed in the morning? Varies. Some days I can get dressed in one motion. Other days can be full of trial and error. What do you wear to a big meeting? As a designer, I think its important to look like you understand aesthetics. What's the best piece of fashion advice you've ever gotten? 'That shirt is too small for you.'
Business Standard
16-07-2025
- Business
- Business Standard
CARE Ratings assigns 'A+' rating to bank facilities of Raymond Realty
Raymond Realty (RRL) said that CARE Ratings has assigned 'CARE A+' rating to the long-term bank facilities of the company with 'stable' outlook. CARE Ratings stated that the rating assigned to bank facilities of RRL derives strength from strong operational performance supported by healthy booking status in the intermediate stage of execution, consistent improvement in annual bookings and collections of the company, and favourable market position, particularly in Thane real estate market. The rating also factors in the companys strong financial risk profile marked by current net debt free status and healthy committed receivable coverage position. The rating also factors in the presence of resourceful promoter group and experienced management profile which provides healthy financial flexibility to the company, being part of Raymond Group. However, rating strengths remain constrained by execution and marketing risk associated with sizeable development plans in the pipeline, limited track record in real estate development, moderate though improving scale of operations and limited geographic presence, and inherent cyclicality associated with real estate sector. The companys ability to timely launch planned projects, ramp up collections, while maintaining a comfortable financial risk profile, will remain a key rating monitorable. Raymond Realty (RRL) is the flagship real estate development company of the Raymond Group. On a consolidated basis, RRL has seven ongoing projects in Thane and Bandra, spanning over 45 lakh square feet (lsf). The scrip fell 2.06% to currently trade at Rs 793.75 on the BSE.
India.com
04-07-2025
- Business
- India.com
Mukesh Ambani's big move, Reliance to transfer all consumer business from…, following path of Tata, Birla, Raymond, Vedanta and…
Reliance Retail is transferring its consumer goods business to a new entity, New Reliance Consumer Products Ltd (New RCPL), as part of an internal business restructuring. According to the scheme filed with the NCLT, Reliance is transferring and vesting the FMCG brands business from Reliance Retail Ltd (RRL) to the newly formed entity, New Reliance Consumer Products Ltd (New RCPL). The Mumbai bench of the National Company Law Tribunal (NCLT) on June 25 asked to convene a meeting for approval of the internal restructuring process, under which its consumer business is transferred as a going concern on Slump Sale. Why Is Reliance Transferring Its Consumer Goods Business? Explaining the reasons, Reliance firms said the Consumer Brands Business is one of building brands, managing the entire product lifecycle from research, development, manufacturing, distribution and marketing. 'This is a large business by itself, requiring specialised and focused attention, expertise and different skill sets as compared to retail business. This business also entails large capital investments on an ongoing basis and can attract a different set of investors,' it said. This composite scheme, part of the internal restructuring of companies in the RIL group to house the Consumer Brands Business in New RCPL and will have RIL and other investors of RRVL holding the same percentage shareholding as in RRVL, they said. The scheme proposes transferring and vesting the FMCG brands business from Reliance Retail Ltd (RRL) to the parent firm RRVL as a going concern on Slump Sale, merger of RCPL with RRVL and demerger of consumer goods business from RRVL to New RCPL in the third stage. Both RRL and RCPL are wholly owned arms of RRVL. What Is Current Structure Of Reliance Retail ? Presently, Reliance's consumer goods business is spread in three verticals – RRL, Reliance Retail Ventures Ltd (RRVL) and RCPL. The boards of directors of these companies on April 25, 2025, passed a resolution to transfer the FMCG Brands Business Undertaking from RRL to RRVL. Reliance Industries Ltd, the parent entity, holds 83.56 per cent in RRVL while other investors hold 16.44 per cent. NCLT directed that a meeting of the unsecured creditors of RRL, RRVL and RCPL be convened and held within 70 days from the date of the order being uploaded on its website, for the purpose of considering and approving the Scheme. RRVL primarily carries on the business of supply chain and logistics management for the retail business of Reliance, while RCPL is engaged in manufacturing, distribution, selling and marketing of multiple products under the FMCG category and investments in subsidiaries and joint ventures engaged in the FMCG category retail business. Reliance Following Path Of Tata, Birla, Vedanta Reliance is not the first Indian company to list separate businesses as distinct entities to unlock their true value. Earlier, companies like Tata Motors, Aditya Birla Fashion and Retail, Quess Corp, Siemens, Raymond, Vedanta, and ITC have also adopted similar strategies. Take Siemens, for instance last month, Siemens Energy India, which was demerged from Siemens, was valued at over Rs 1 lakh crore. Post-listing, the combined valuation of the two companies surged to Rs 2.14 lakh crore, compared to just Rs 1 lakh crore before the separation. (With Inputs From PTI)
Time of India
01-07-2025
- Business
- Time of India
Raymond Realty set to list on exchanges, looks of over 20% annual growth
NEW DELHI: Raymond Realty (RRL), the real estate arm of Raymond Group , will list on Indian stock exchanges, following its demerger from Raymond. The listing is aimed at unlocking shareholder value by creating a focussed, net debt free pure-play real estate entity. Harmohan Sahni , MD & CEO of the company said, "With a net debt-free balance sheet, 100 acre of owned land, and a capital-efficient joint development model, we are well-positioned to sustain over 20% annual growth and industry-leading ROCE of over 20%." The company operates through three residential brands - TenX, The Address by GS and Invictus, owns 100 acre land and six joint development agreements and has an estimated gross development value of approximately ₹400 billion.
