Raymond Realty reported strong Q3FY26 pre-sales of ₹743 Cr, alongside customer collections of ₹427 Cr. Total income climbed 56% year-on-year to ₹766 Cr, with 9MFY26 total income reaching ₹1,864 Cr (up 18% YoY). However, Q3 Net Profit was ₹67 Cr (-4% YoY) and EBITDA ₹100 Cr (-5% YoY), reflecting higher expenses. For 9MFY26, Net Profit stood at ₹143 Cr (-11% YoY) and EBITDA at ₹242 Cr (-9% YoY).
The company's strategy hinges on a capital-light, Joint Development Agreement (JDA) led expansion, targeting JDA projects to contribute 50% of annual pre-sales within 2-3 years. New launches are planned for 2025-26, including projects on own land in Thane and JDA projects in Mumbai. Raymond Realty also focuses on creating distinct product brands across market segments.
Recently, the Invictus by GS JDA project in BKC launched in December 2025, garnering an overwhelming response and achieving 17% sales. Additionally, eight towers of their initial project, Ten X Habitat, were delivered ahead of schedule.
Management anticipates annual revenue, pre-sales, and ROCE growth of approximately 20% each. The company's net debt stands at ₹230 Cr.