Raymond Realty Q2 Income Rises 7% To Rs 757 Cr

What happened

Raymond Realty's total income rose 7 per cent year-on-year to Rs 757 crore in Q2 FY27 from Rs 706 crore a year earlier. EBITDA increased 14 per cent to Rs 115 crore, while profit before tax fell 6 per cent to Rs 66 crore.

Confirmed

Global impact / market context

Higher income and EBITDA show the company is selling homes profitably and collecting cash, but falling profit before tax means interest and other costs are eating gains. That split matters because investors judge whether growth reaches the bottom line.

Analyst inference

Booking value and customer collections grew much faster than income, which means cash from buyers is arriving ahead of reported revenue. This supports funding land and construction spending without relying heavily on borrowed money.

Analyst inference

What to watch

1. Raymond Realty targets 20 per cent pre-sales growth in FY27, alongside 17 to 19 per cent EBITDA margins and 20 per cent ROCE, which means return on capital employed. Confirmed
2. Watch whether the company launches new projects, since Q2 booking growth came without new launches and future pre-sales growth may depend on fresh supply. Proposed
3. Track whether profit before tax recovers as collections rise, because stronger cash available and steady margins would show cost pressures easing rather than deeper pressure. Analyst inference

Evidence

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