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Time of India
an hour ago
- Business
- Time of India
India's Raymond Realty to list in early July, top executive says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's Raymond Realty, recently carved out from the namesake conglomerate, is on track to list in early July as the group looks to streamline its corporate structure, a top executive told Reuters on will be Raymond's third publicly traded entity after Raymond Lifestyle , which houses the suits and shirts business "The exact date (for the listing) is not confirmed yet, but it should be early July," Gautam Singhania , chairman and managing director of the group, said in an interview, without shareholder will receive one share of Raymond Realty for every share held in Raymond, the group said approved the demerger of Raymond Realty on May 1 and announced May 14 as the record date to determine eligible shareholders for the real estate stock fell around 66% on May 14 because of a price adjustment after the demerger, but the decline was not a real loss for investors, just a technical revision in the share adjusting for the demerger, Raymond's shares jumped nearly 23% in May, their biggest monthly gain since June Systematix expects Raymond Realty to be priced at 1,076 rupees per share and forecast operating profit of 5.97 billion rupees ($69.7 million) in the ongoing fiscal business reported a 45% rise in revenue to 23.13 billion rupees for the financial year ended March 31, with operating profit up 37% at 5.07 billion rupees.($1 = 85.6150 Indian rupees)
Reuters
2 hours ago
- Business
- Reuters
India's Raymond Realty to list in early July, top executive says
June 10 (Reuters) - India's Raymond Realty, recently carved out from the namesake conglomerate, is on track to list in early July as the group looks to streamline its corporate structure, a top executive told Reuters on Tuesday. This will be Raymond's ( opens new tab third publicly traded entity after Raymond Lifestyle, which houses the suits and shirts business. "The exact date (for the listing) is not confirmed yet, but it should be early July," Gautam Singhania, chairman and managing director of the group, said in an interview, without elaborating. Each shareholder will receive one share of Raymond Realty for every share held in Raymond, the group said previously. Raymond approved the demerger of Raymond Realty on May 1 and announced May 14 as the record date to determine eligible shareholders for the real estate business. The stock fell around 66% on May 14 because of a price adjustment after the demerger, but the decline was not a real loss for investors, just a technical revision in the share price. After adjusting for the demerger, Raymond's shares jumped nearly 23% in May, their biggest monthly gain since June 2024. Brokerage Systematix expects Raymond Realty to be priced at 1,076 rupees per share and forecast operating profit of 5.97 billion rupees ($69.7 million) in the ongoing fiscal 2026. The business reported a 45% rise in revenue to 23.13 billion rupees for the financial year ended March 31, with operating profit up 37% at 5.07 billion rupees. ($1 = 85.6150 Indian rupees)
Yahoo
2 hours ago
- Business
- Yahoo
India's Raymond Realty to list in early July, top executive says
By Praveen Paramasivam and Bharath Rajeswaran (Reuters) -India's Raymond Realty, recently carved out from the namesake conglomerate, is on track to list in early July as the group looks to streamline its corporate structure, a top executive told Reuters on Tuesday. This will be Raymond's third publicly traded entity after Raymond Lifestyle, which houses the suits and shirts business. "The exact date (for the listing) is not confirmed yet, but it should be early July," Gautam Singhania, chairman and managing director of the group, said in an interview, without elaborating. Each shareholder will receive one share of Raymond Realty for every share held in Raymond, the group said previously. Raymond approved the demerger of Raymond Realty on May 1 and announced May 14 as the record date to determine eligible shareholders for the real estate business. The stock fell around 66% on May 14 because of a price adjustment after the demerger, but the decline was not a real loss for investors, just a technical revision in the share price. After adjusting for the demerger, Raymond's shares jumped nearly 23% in May, their biggest monthly gain since June 2024. Brokerage Systematix expects Raymond Realty to be priced at 1,076 rupees per share and forecast operating profit of 5.97 billion rupees ($69.7 million) in the ongoing fiscal 2026. The business reported a 45% rise in revenue to 23.13 billion rupees for the financial year ended March 31, with operating profit up 37% at 5.07 billion rupees. ($1 = 85.6150 Indian rupees) 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
Time of India
26-05-2025
- Business
- Time of India
Luxury real estate shows signs of slowing down, but strong developers hold the inventory
Harmohan Sahni, the CEO of Raymond Realty, recently shared insights on the state of the real estate market in a Q4FY25 investors call. He pointed out that while the luxury segment shows signs of fatigue, the premium market where they operate remains strong. Tired of too many ads? go ad free now It's like that once-loved shirt you wear a bit too often; it's still stylish, but maybe it's time for a wash. The luxury real estate scene, while less populated and showcasing high inventory levels, has inventory mainly in the hands of reliable developers, according to Sahni. What's happening in luxury real estate? "My personal view is that on the luxury side, there's some kind of tiredness, " Sahni explained. He reiterated that the current luxury market remains smaller, with fewer players participating actively. Despite this lull, the good news is that the inventory is in capable hands, which matters a lot during such slowdowns. When Sahni discussed various market segments, he highlighted the steady demand for premium real estate. "We are playing in deep markets, so volumes are very, very strong,' he said, showing confidence in their ongoing projects. What about growth and competition? Thane, a rapidly developing area near Mumbai, continues to thrive despite fierce competition. Sahni noted, "As the market has expanded, so has our share, " which is quite heartening for potential homeowners looking for stable investment choices. Raymond Realty has been actively introducing new projects, including significant developments in areas like Mahim and Wadala. Their push into the Pune market is also on the cards, looking to tap into the growing demand. "The residential segment is a massive opportunity—after all, in a country like India, everyone aspires to own a home, " he remarked. Tired of too many ads? go ad free now It's a well-known fact but worth remembering, especially with the right products targeting the right buyers. With about six or seven major markets contributing to 70-80% of the national market value, establishing a strong position in these areas is crucial. The Mumbai Metropolitan Region (MMR) stands out as a significant player, and getting a foothold there is part of the plan. Interestingly, Sahni clarified that Raymond isn't looking at the luxury or very affordable segments; instead, they are focusing on what he described as "affordable luxury. " It's like looking for a good quality mid-range phone rather than a flagship model—offering better value without going into the super-luxury territory. Since entering the real estate game in 2019 with their first project in Thane, Raymond Realty has progressively built its brand, launching projects like 'The Address by GS' in Bandra and solidifying its presence over the past few years.
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)
