Raymond Limited — Board Meeting, 12-05-2025: Outcome of Board Meeting

Raymond Limited has announced a board meeting on May 12, 2025, approving its audited consolidated financial results for FY25. The engineering business nearly doubled its income to ₹2,105 Cr (up 85% YoY), delivering ₹335 Cr EBITDA at a 15.9% margin. The demerged real estate segment showed ₹2,313 Cr revenue (up 45%) and ₹507 Cr EBITDA with a 21.9% margin. Two new Joint Development Agreements worth ~₹6,800 Cr boost the real estate portfolio to a GDV of ~₹14,000 Cr. Net cash surplus stands at ₹263 Cr (engineering) and ₹399 Cr (real estate). Real estate demerger effective May 1, with listing expected in Q2 FY26.