Raymond Limited — Important, 29-01-2025: Financial Result Updates

Revenue for the quarter was ₹ 985 crore, reflecting a strong year-over-year growth of 36%. The increase is attributed to robust performance in both the Real Estate and Engineering sectors, with particular demand driven by new project launches and a rise in consumer confidence. The Real Estate segment reported a revenue of ₹ 488 crore, up 11% from the previous year, supported by a notable booking value of ₹ 505 crore.

Net profit from continuing operations before tax increased to ₹ 100 crore, representing a 14% year-over-year increase. The EBITDA for the quarter was ₹ 169 crore, up 33% from the same quarter last year, achieving an EBITDA margin of 17.2%. This margin reflects a slight decline from the previous year's 17.5%, influenced by changes in operational dynamics.

Total expenses increased due to higher operational costs but are still managed effectively, contributing to overall profitability. The company’s cost controls and efficient management of operational expenses have enhanced profitability despite external pressures.

Raymond Limited continues to maintain a solid financial position with a net cash surplus of ₹ 696 crore, underpinning future growth and expansion strategies. The outlook remains positive as management anticipates sustained growth opportunities across its remaining businesses.

Given the strong financial performance and strategic positioning, a buy insight is warranted as the company is well-positioned to leverage growth in its core segments while maintaining rigorous cost management practices.