Raymond Realty Ltd (RAYMONDREL) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- The company raised INR 210 crores from an ICICI Prudential AMC fund for a Mahim project, securing 60% of the capital while earning a 5% execution fee.
- Management reaffirmed full-year FY27 guidance, including 20% presales growth, 20% ROCE, and an EBITDA margin of 17-19%, signaling confidence despite market conditions.
- A new 5-year plan targets 20% presales CAGR, fueled by adding INR 8,000-10,000 crores in GDV annually, primarily through JDA projects in the MMR market.
Performance Overview
- Achieved a significant milestone by nearly doubling quarterly presales without any new project launches, driven by strong sales velocity in the existing portfolio.
- Successfully delivered the Address by GS 1, Tower B in Thane, comprising 270 units, ahead of the RERA completion timeline.
- Strengthened the balance sheet by raising INR 210 crores from an AIF promoted by ICICI Prudential AMC for a premium redevelopment project.
- Demonstrated strong cash flow management with a 67% year-on-year surge in customer collections, reaching INR 682 crores for the quarter.
- Expanded the total portfolio GDV to approximately INR 52,000 crores, with asset-light JDA projects now accounting for about 52% of the total.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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