NEW DELHI: Raymond Realty reported pre-sales of ₹700 crore in Q1 FY27, a significant increase of 129% compared to ₹306 crore in the same quarter of the previous fiscal year, according to the company’s provisional operational update.
The company achieved this performance without launching any new residential projects during the quarter.
Quarterly collections rose by 47% year-on-year to ₹550 crore, bolstered by the existing project pipeline.
The company deployed ₹198 crore in borrowings during the quarter, primarily for construction and working capital of projects initiated in FY26.
Total outstanding borrowings reached ₹1,097 crore as of June 30, 2026, versus ₹380 crore as of June 30, 2025, largely due to construction drawdowns for seven projects launched in FY26.
As of June 30, 2026, liquidity was at ₹270 crore, resulting in a net debt position of ₹827 crore.
The company maintained its net debt-to-equity ratio below its internal cap of 1.0 times.
It noted that margins in real estate development vary based on project stage and launch timing. The margin profile for Q1 FY27 aligns with that of Q1 FY26, reflecting initial construction costs and front-loaded marketing expenses.
Margins are expected to normalize in upcoming quarters as construction progresses past revenue-recognition thresholds.
The company remains confident in achieving its FY27 EBITDA margin guidance of 17-19%.
