Key Quantitative Figures - Standalone (₹ in Lakhs)

Quarter Ended September 30, 2026 (Q2 FY27)

  • Revenue from Operations: 27,995
  • Other Income: 3,027
  • Total Income: 31,022
  • Total Expenses: 25,945
  • Profit Before Tax (PBT): 5,077
  • Tax Expense: 922 (Current Tax: 863, Deferred Tax: 59)
  • Profit After Tax (PAT): 4,155
  • Earnings Per Share (EPS): Basic & Diluted: ₹6.24

Half Year Ended September 30, 2026 (H1 FY27)

  • Revenue from Operations: 51,984
  • Other Income: 5,791
  • Total Income: 57,775
  • Total Expenses: 49,442
  • Profit Before Tax (PBT): 8,333
  • Tax Expense: 1,540 (Current Tax: 1,432, Deferred Tax: 108)
  • Profit After Tax (PAT): 6,793
  • Earnings Per Share (EPS): Basic & Diluted: ₹10.20

Comparative Figures (Quarter)

  • Q2 FY26 Revenue: 39,176
  • Q2 FY26 PAT: 5,841
  • Q2 FY26 EPS: ₹8.77

Balance Sheet (Standalone) as of September 30, 2026

  • Total Assets: 3,51,768
  • Inventories: 1,05,141
  • Trade Receivables: 18,972
  • Cash & Cash Equivalents: 8,664
  • Total Equity: 1,61,110
  • Borrowings (Non-Current): 29,619
  • Borrowings (Current): 33,052
  • Total Liabilities: 1,90,658

Key Quantitative Figures - Consolidated (₹ in Lakhs)

Quarter Ended September 30, 2026 (Q2 FY27)

  • Revenue from Operations: 74,852
  • Other Income: 897
  • Total Income: 75,749
  • Total Expenses: 69,117
  • Profit Before Tax (PBT): 6,632
  • Tax Expense: 1,326 (Current Tax: 857, Deferred Tax: 469)
  • Profit After Tax (PAT): 5,306
  • Earnings Per Share (EPS): Basic & Diluted: ₹7.97

Half Year Ended September 30, 2026 (H1 FY27)

  • Revenue from Operations: 1,27,519
  • Other Income: 1,801
  • Total Income: 1,29,320
  • Total Expenses: 1,21,171
  • Profit Before Tax (PBT): 8,149
  • Tax Expense: 1,500 (Current Tax: 1,441, Deferred Tax: 59)
  • Profit After Tax (PAT): 6,649
  • Earnings Per Share (EPS): Basic & Diluted: ₹9.99

Comparative Figures (Quarter)

  • Q2 FY26 Revenue: 69,715
  • Q2 FY26 PAT: 6,018
  • Q2 FY26 EPS: ₹9.04

Balance Sheet (Consolidated) as of September 30, 2026

  • Total Assets: 7,91,148
  • Inventories: 4,99,847
  • Trade Receivables: 22,384
  • Cash & Cash Equivalents: 12,575
  • Total Equity: 1,62,218
  • Borrowings (Non-Current): 76,780
  • Borrowings (Current): 45,193
  • Total Liabilities: 6,28,930

Operational and Strategic Highlights from Press Release

Financial Performance (Consolidated, ₹ Crores)

  • Q2 FY27 Total Income: ₹757 Cr (7% YoY growth from ₹706 Cr in Q2 FY26)
  • Q2 FY27 EBITDA: ₹115 Cr (14% YoY growth from ₹101 Cr in Q2 FY26)
  • Q2 FY27 EBITDA Margin: 15% (vs 14% in Q2 FY26)
  • Q2 FY27 PBT: ₹66 Cr (6% decline from ₹70 Cr in Q2 FY26)
  • Q2 FY27 PBT Margin: 8.8% (vs 9.9% in Q2 FY26)

Operational Metrics

  • Q2 FY27 Booking Value: ₹902 Cr (98% YoY growth)
  • H1 FY27 Booking Value: ₹1,602 Cr (111% YoY growth)
  • Booking Value Mix: Mumbai JDAs (57%) : Owned Thane Land Parcel (43%)
  • Q2 FY27 Collections: ₹682 Cr (67% YoY growth)
  • H1 FY27 Collections: ₹1,233 Cr (57% YoY growth)
  • Total Portfolio GDV: ~₹52,000 Cr

Thane Land Parcel Development (100 Acres)

  • Revenue Potential: ~₹25,000 Cr
  • Area Under Development: 65 acres (~6.7 million sq. ft. RERA carpet area)
  • Development Revenue Potential: ~₹16,500 Cr
  • Amount Sold: ~₹9,770 Cr
  • Collections to Date: ~₹7,977 Cr
  • Recent Completion: OC received for Address by GS Season 1 Tower B in Thane (270 units, 3,44,478 sq. ft. RERA carpet area), ahead of RERA timeline (proposed completion Mar-28).

JDA Portfolio

  • Number of Projects: 8
  • Total Revenue Potential: ~₹27,000 Cr
  • Launched Projects: 4 (Bandra, BKC, Wadala, Sion)
  • Launched Area: ~2.8 million sq. ft. RERA carpet area
  • Launched Revenue Potential: ~₹11,500 Cr
  • Amount Sold: ~₹3,430 Cr
  • Collections to Date: ~₹857 Cr

Upcoming Launches (Next Two Quarters)

  • Mahim 1: GDV ₹1,800 Cr, RERA Area 0.41 Mn sq. ft.
  • Mahim 2: GDV ₹2,300 Cr, RERA Area 0.39 Mn sq. ft.
  • Total Pipeline GDV: ₹4,100 Cr
  • Total Pipeline Area: 0.80 Mn sq. ft.

Leverage & Liquidity

  • Gross Debt: ₹1,220 Cr
  • Net Debt: ₹912 Cr
  • Debt/Equity Ratio: 0.8x (below ceiling of 1.0x)
  • Liquidity Buffer: ₹308 Cr
  • Cost of Debt: ~9.60%
  • Q2 FY27 Interest Cost: ₹44 Cr (Bank Borrowings: ~₹27 Cr, Government Authorities: ~₹17 Cr)

Credit Rating & Guidance

  • Credit Rating: CARE A+ (Stable) reaffirmed by CARE
  • FY27 Guidance: ~20% growth in pre-sales, ROCE ~20%, EBITDA margin 17–19%, PAT margin 9–10%. Company states it is on track to meet this guidance.

Dates and Parties Involved

  • Board Meeting Date: October 27, 2026 (3:40 PM to 5:00 PM)
  • Statutory Auditors: Walker Chandiok & Co LLP and Chaturvedi & Shah LLP
  • Company Secretary: Hiren Sonawala
  • Managing Director & CEO: Harmohan Sahni (DIN: 00046068)

Capital Structure Impact

  • Paid-up Equity Share Capital: ₹6,657 Lakhs (Face value ₹10 per share) - unchanged.
  • Dividend: Final dividend of ₹2 per equity share for FY26 was approved by shareholders on July 14, 2026, and paid on the same date.

Additional Notes

  • The company was formerly known as Raymond Lifestyle Limited.
  • The Chief Operating Decision Maker has identified 'Real Estate' as a single business operating segment.
  • Previous periods' figures have been regrouped where necessary for conformity.

#Tags: #RaymondRealty #Q2Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral