Raymond Realty reported a strong sequential performance for the March quarter, with net profit rising to ₹161 crore from ₹67 crore in the previous quarter.
The company’s revenue grew 52.7% quarter-on-quarter to ₹1,156.8 crore, while EBITDA surged to ₹234.3 crore from ₹91.5 crore, driving margin expansion to 20.3% from 12.1%.
The board has recommended a dividend of ₹2 per equity share (20%) for FY26, subject to shareholder approval at the upcoming annual general meeting, with payment slated on or after July 14, 2026.
The company’s total portfolio has expanded to around ₹42,000 crore in gross development value (GDV), reflecting a growing and diversified presence across the Mumbai Metropolitan Region, according to its exchange filing.
Raymond Realty also highlighted progress on its asset-light strategy, with the addition of a ₹3,000-crore joint development agreement (JDA) project in Kandivali. The company said this model is enabling faster scale-up while maintaining a strong financial profile, as per the exchange filing.
Commenting on the performance, Managing Director & CEO Harmohan Sahni said FY26 marked a transition from planning to scaled execution, with strong momentum reflected in ₹1,519 crore of pre-sales in Q4. He added that the company remains focused on leveraging its JDA-led approach to drive sustainable growth and deliver long-term value to shareholders.
Shares of Raymond Realty ended higher on Tuesday, May 5, by 1.59% at ₹475.35 on the NSE.
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(Edited by : Shoma Bhattacharjee)
First Published: May 5, 2026 8:13 PM IST
