Raymond Realty Limited — PPTs, 05-08-2025: Investor Presentation

**Financial Highlights:**

Raymond Realty (RRL) Q1 FY26 revenue: ₹374 Cr (down 23% YoY), net profit: ₹17 Cr (down 52% YoY), EBITDA margin: 10.5%. RRL holds ₹233 Cr net cash. Historical growth is strong, with 4-year booking value CAGR of 55% and revenue CAGR of 64%.

**Strategic Initiatives & Growth Drivers:**

RRL employs a capital-light JDA model in MMR/Pune, targeting ~20% annual growth and ROCE. Its pipeline projects ~₹25,000 Cr from Thane land and ~₹14,000 Cr from JDA, for ~₹40,000 Cr total Gross Development Value.

**Business Developments:**

RRL grew from one project (2019) to six ongoing. Plans for 2025-26 include 2 new Thane projects and 3-4 new Mumbai JDA projects, with JDA expected to drive 50% of annual presales.

**Market Position & Competitive Advantage:**

A top 10 national/top 5 MMR developer, RRL is known for timely delivery and Thane market share. Achieved ₹2,000 Cr topline and 26% ROCE in 6 years, significantly outpacing peers.

**Investor Implications:**

Despite Q1's profit dip, RRL's substantial pipeline, asset-light strategy, strong market position, and net cash balance indicate positive long-term growth potential. Project execution will be crucial.