Raymond Realty Limited — Investor Meet, 03-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Raymond Realty delivered strong Q3 FY26 results with booking value up 47% YoY to INR 743 Cr, and total income up 56% to INR 766 Cr. 9M booking value hit INR 1,504 Cr. The company is rapidly scaling its asset-light JDA model, targeting 50% of annual pre-sales from JDAs by FY28. Four major project launches are planned for Q4 FY26, including two new JDA projects in Wadala and Sion, aiming to achieve the FY26 booking value target of INR 2,800 Cr. Management remains confident in market demand and execution, expecting EBITDA margins to climb towards 18-20% from the current 13%.