Raymond Realty Ltd. reported a 129% year-on-year rise in pre-sales for the first quarter of FY27, while collections grew 47%, according to an exchange filing on Friday.
The company said Q1 pre-sales stood at ₹700 crore, compared with the year-ago period, while collections increased to ₹550 crore, reflecting continued momentum in its residential business.
Raymond Realty maintained its FY27 EBITDA margin guidance of 17%-19%, saying the first-quarter margin profile was in line with expectations and reflected the seasonality associated with the real estate development cycle.
The company said margins typically fluctuate depending on the stage of projects, with launch-related marketing expenses and initial construction costs weighing on profitability in the early phases. It added that margins are expected to normalise over the coming quarters as projects cross revenue-recognition milestones.
As of June 30, Raymond Realty’s outstanding borrowings stood at ₹1,097 crore, while net debt was ₹827 crore, the company said in the exchange filing.
The company also said it continued to maintain a disciplined capital structure, with its net debt-to-equity ratio remaining below its internal ceiling of 1.0x.
Raymond Realty said the strong start to FY27 follows a milestone FY26, during which it launched seven projects, including four launches in the final quarter, and it expects to sustain year-on-year growth across key operating metrics.
Shares of Raymond Realty were trading 10.25% higher at ₹695.30 on Friday. The stock has gained 28% so far this year.
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