Raymond Ltd. Results

Q2FY25 Quarterly Result Announced for Raymond Ltd.

Realty company Raymond announced Q2FY25 results Revenue at Rs 1,101 crore with a YoY growth of 115% in Q2FY25. EBITDA at Rs 172 crore with a YoY growth of 75% with an EBITDA margin of 15.6% in Q2FY25. Real Estate business recorded revenue of Rs 571 crore with a growth of 135% YoY growth with a strong booking value of Rs 562 crore in Q2FY25. Engineering business recorded a revenue of Rs 443 crore (Inc. MPPL) with a YoY growth of 121% in Q2FY25 Revenue from Real Estate and Engineering business of Rs 1,101 crore, reflecting a ~ 115 % increase compared to the same quarter of the previous financial year, and an EBITDA of Rs 172 crore with an EBITDA margin of 15.6 %. Gautam Hari Singhania, Chairman & Managing Director, Raymond, said: “We witnessed good momentum both in Real Estate and Engineering businesses. With the launch of Park Avenue- High Street Reimagined, the first of its kind retail space in Thane, Raymond Realty has taken yet another pioneering step to create the aspirational ecosystem for its current and upcoming residential projects. The project execution remains our USP as our endeavor is to continue to deliver before RERA timelines. The seamless integration of Maini operations with JK Engineering has taken an affirmative shape and has started positive results with growth in the overall engineering business.”

Q1FY25 Quarterly Result Announced for Raymond Ltd.

Textiles company Raymond announced Q1FY25 results: Real Estate business maintained strong booking of ~Rs 611 crore with 85% YoY growth Real Estate and existing Engineering business without Maini Precision grew by 50% Engineering business recorded a revenue of ~Rs 419 crore with a growth of 100 % YoY Company has initiated the process of demerger of Real Estate Business Consolidated quarterly revenue from Real Estate and Engineering business of Rs 998 crore, reflecting a 93 % increase compared to the same quarter of the previous financial year, and an EBITDA of Rs 162 crore with an EBITDA margin of 16.2%. In Q1FY25, the company achieved a strong booking value of Rs 611 crore, primarily driven by demand for 'The Address by GS 2.0' in Thane and the recently launched JDA 'The Address by GS' in Bandra. Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond said; “We are satisfied with our business performance in Q1FY25, which underscores the strength and resilience of our business strategy. Our Real Estate business continues to expand its portfolio through the JDA route and we have been appointed as preferred developerin ourfourth project outside thane land in Bandra MIG. Additionally, our foray into the Aerospace business, following the acquisition of MPPL, is showing promising signs with its strong performance in the first quarter. During the quarter we have successfully demerged Lifestyle business into a separate company that will be listed in Q2FY25.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Raymond Ltd.

Textiles company Raymond announced Q4FY24 & FY24 results: FY24 Financial Highlights: Highest ever annual revenues at Rs 9,286 crore. Strong momentum across all businesses led to annual revenue growth by 11%. Record annual EBITDA of Rs 1,575 crore and EBITDA margins at 17.0% with growth of 19% vs PY. Record annual PAT of Rs 655 crore, excluding profit on sale of FMCG business, up by 24% vs PY. The Board of Directors has recommended the highest ever dividend of 100%. Reported highest ever EPS of Rs 98, excluding profit on sale of FMCG business. Q4FY24 Financial Highlights: Q4FY24 revenues grew by 23% over PY to highest ever at Rs 2,688 crore. Highest ever quarterly EBITDA at Rs 516 crore with EBITDA margin of 19.2% in Q4FY24. Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said; “I am satisfied with the performance across businesses, and they have demonstrated consistent growth throughout the year. Our Lifestyle business showed strong perseverance and recorded growth despite headwinds and muted consumer demand. For our Real Estate business, we have maintained strong booking momentum particularly with the launch of our first JDA project in Bandra, Mumbai. We remain committed to delivering value to stakeholders and are confident in our ability to capitalize on growth opportunities, ensuring sustained success in the future. We have our three verticals vis Lifestyle, Real Estate & Engineering business that are future growth engines which is in line with India’s vision of Viksit Bharat.”

Q3FY24 Quarterly Result Announced for Raymond Ltd.

Textiles company Raymond announced Q3FY24 results: 10th consecutive quarter of profitable growth During this quarter, revenue increased by 11% YoY, reaching Rs 2,450 crore, with an EBITDA margin of 17.4%. The net profit almost doubled to Rs 184 crore in Q3FY24 compared to Rs 95 crore in Q3FY23 Branded Apparel business grew by 20% compared to the same quarter last year Real Estate business showcased a revenue growth of 50% same quarter last year The Company is running projects worth Rs 9,000 crore. on its Thane land and has a further potential to generate Rs 16,000 crore. making a total potential revenue of Rs 25,000 crore from the Thane landbank. Based on the corporate action initiated, the proposed demerger of Lifestyle Business is on track and the company has received the SEBI approval for the same. The Extraordinary General Meeting (EGM) for shareholders and other relevant meetings is scheduled on 26th Feb 2024 Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond said; “I am delighted to share that Q3 has been momentous quarter, as we have delivered 10th consecutive quarter of growth with highest ever revenue and profitability across businesses. Our retail expansion continued, and we have an aggressive plan to open over 500 stores during the next 3 years. In the Real Estate business, we signed 2 JDAs with over Rs 3,000 crore during the quarter as well. Another big development in the third quarter of this fiscal, Raymond Group’s Engineering Business is now set to grow exponentially as we foray into sunrise sectors of Aerospace, Defence and EV components business post the acquisition of Maini Precision Products Limited.”