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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)
Economic Times
15-05-2025
- Business
- Economic Times
Raymond shares hit 5% upper circuit after Dalal Street prices in realty demerger
Raymond shares surged 5% after completing the demerger of Raymond Realty, enabling direct investor participation in its real estate business. The newly independent unit, with Rs 40,000 crore potential revenue, is set to list by Q2 FY26. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 arm steps out with strong metricsRaymond 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 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 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.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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
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.'
Time of India
14-05-2025
- Business
- Time of India
Raymond shares crash 66%: 4 key things to know about the realty demerger
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 entity. The 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 FY26. 1. Demerger triggers notional price adjustment The 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 is. Shareholders, however, are not losing value. They will now hold shares in both Raymond Ltd and the newly demerged Raymond Realty. 2. Realty business steps out with strong numbers 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 Bandra. 3. Expansion through JDAs sharpens MMR focus Raymond 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 said. 4. Raymond Realty listing expected by Q2 FY26 Raymond 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 operations. The 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. Also read | MSCI May Rejig: Nykaa, Coromandel join Global Standard Index; 12 additions in Indian Smallcap Index ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
