Raymond Realty Limited · NSE:RAYMONDREL
Raymond Realty — Q2 & H1 FY27 Earnings Presentation
46 slides from Raymond Realty's earnings presentation, Oct 27, 2026
Slide 1: Exchange intimation letter for investor presentation
RAYMOND REALTY LIMITED RRL/SE/26-27/76 October 27, 2026 To, The Department of Corporate Services – CRD, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (East), Mumbai - 400 051. Scrip Code: 54
Slide 2: Investor Presentation Q2 & H1 FY27
INVESTOR PRESENTATION Q2 & H1 FY27 October 27th 2026
Slide 3: Table of Contents
Table of Contents 1 Business Overview 3-16 2 Financial Results Q2 & H1 FY27 17-23 3 Project Details 24-40 2
Slide 4: Creating Legacy in Real Estate
Creating Legacy in Real Estate….. Foray into Real Estate 1925 2019 2026+ PROJECTS (NOS) GDV 52,000 INCOME 3,039 EBITDA 495 … 20 15x 17x 20x 3,500 35x 177 1 14 FY20 FY26 FY20 FY26 FY20 FY26 FY20 FY26 Strong Execution Capabilities: Successfully transitioned to Asset- Strong Growth Visibility: Well Div
Slide 5: GDV Breakup: Twin Engine Growth
GDV Breakup: Twin Engine Growth ₹ In Crs GDV TOTAL N ENGINE 1: OWN LAND ENGINE 2: JDAs Total ₹ 52,000 ₹ 25,000 ₹ 27,000 Project Launched ₹ 28,000 ₹ 16,500 ₹ 11,500 Sold ₹ 13,200 ₹ 9,770 ₹ 3,430 Revenue Recognized ₹ 9,500 ₹ 7,570 ₹ 1,930 Balance Revenue ₹ 3,700 ₹ 2,200 ₹ 1,500 Unsold ** ₹ 14,800 ₹ 6,
Slide 6: Transitioned into an Asset light MMR platform
Raymond Realty : Transitioned into an Asset light MMR platform Scaling Through an Asset-Light JDA Model : Rapid JDA scale-up and premium realisation GDV Share % : Own Land vs Asset Light JDA 120% 100% 100% 100% 91% KANDIVALI 80% 64% THANE 59% 60% 48% 52% 40% 41% 36% 20% 9% BKC 0% 0% 0% SION FY22 FY2
Slide 7: Brand Portfolio: Launched, Sold & Unsold
Brand Portfolio: Launched, Sold Unsold Brand Portfolio: Launched, Sold & Unsold ₹ In Crs ASPIRATIONAL PREMIUM LUXURY Launched Sold Unsold Launched Sold Unsold Launched Sold Unsold ₹7,100 ₹5,300 ₹1,800 ₹17,300 ₹6,800 ₹10,500 ₹3,600 ₹1,100 ₹2,500 Well diversified Portfolio offering across Price bracke
Slide 8: GDV Cash Realization Profile
GDV Cash Realization Profile ₹ in Crs ₹13,200 Owned: 9,770 JDA: 3,430 Pre-Sales ₹8,834 ₹4,366 ₹14,800 ₹24,000 Total Owned: 7,977 Owned:1,793 Owned: 6,730 Owned: 8,500 ₹52,000 JDA: 857 JDA: 2,573 JDA: 8,070 JDA: 15,500 Launched Projects ₹28,000 Amount Collected* Outstanding Unsold Inventory Unlaunche
Slide 9: Strong Projected Cashflows from Planned Project Launches
Strong Projected Cashflows from our Planned Project Launches ₹ In Crs 38,800 22,513 6,278 14,375 4,366 Estimated Unsold & Unlaunched Balance Cost to Balance JDA Particular Sold Receivables Balance Surplus Inventory Complete Partner Share Cashflow On Going Projects - Already 4,366 14,800 8,722 1,873
Slide 10: Going Forward Guidance FY27
Going Forward Guidance FY27 PRE-SALES GROWTH ~20% ROCE ~20% EBITDA MARGIN ~ 17-19% PAT MARGIN ~ 9-10% 9
Slide 11: Capital Profile, End Use & Returns
Capital Profile, End Use & Returns ₹ in Crs Debt Net Worth GDV Avg. ROE 52000 38735 42000 2842 24% 2581 H1 FY27 DEBT/EQUITY 25000 27575 27575 1014 1220 0.8 1382 1459 Cost of Debt 191 913 293 9.6 % 733 160 1567 1622 163 1268 1089 570 753 Credit Rating CARE A+; Stable FY 22 FY 23 FY 24 FY 25 FY 26 H1
Slide 12: Strong Track Record
Strong Track Record ₹ in Crs CAGR 28% PRE-SALES CAGR 42% COLLECTIONS 1887 3023 1725 1570 2249 2314 1282 1609 656 963 682 399 214 260 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY20 FY21 FY22 FY23 FY24 FY25 FY26 CAGR 60% REVENUE 2991 CAGR 81% EBITDA 495 2313 437 369 1593 285 1115 707 147 182 141 14 27 FY20 F
Slide 13: Management Team
| Management Team RAYMON|REALty
Slide 14: Strong Governance & Independent Oversight
Driving Growth Through Strong Governance & Independent Oversight • Board Independence : 100% i.e. All the Board Committees are chaired by KUMMAMURI NARASIMHA GAUTAM HARI SINGHANIA HARMOHAN SAHNI GAUTAM TRIVEDI Independent Director. MURTHY Chairman Managing Director Non - Executive Director Independe
Slide 15: Our Leadership Team
Our Leadership Team HARMOHAN SAHNI SANDEEP MAHESHWARI ANKUR JINDAL Managing Director Chief OperatingOfficer Chief FinancialOfficer A qualified CharteredAccountant withover 30 A qualified Civil Engineer & MBA with over 35 A qualified CharteredAccountant with over24 years of formidable experience in R
Slide 16: Our Leadership Team
Our Leadership Team SHILPA SHINDE KHOJESHWAR KAUSHIK ULHAS BHOSALE Head - Design Development Head - Contracts & Procurement Head - Legal A qualified Architect with over 20 years of A qualified Civil Engineer & MBA in Finance, A qualified lawyerwithover25 years of experience experience across Residen
Slide 17: ESG Performance
ESG Performance • Achieved 100% Health & Safety training coverage for construction workers, Health & Safety supporting a sustained zero-fatality record from FY20 through Q2 FY 27. • Achieved 31% Female Workforce Diversity • 100% Women-Led ESG team • India’s best Workplace for Women certified • 24% o
Slide 18: Q2 & H1 FY27 Highlights
Q2 &H1 FY27 HIGHLIGHTS Raymond re,
Slide 19: Q2FY27 & H1FY27 Highlights
Q2FY27 & H1FY27 Highlights • Strong Pre-Sales Trajectory : Q2 FY27 Pre-Sales up 98% YoY to ₹902 Cr; H1 FY27 Pre-Sales up 111% YoY to ₹1,602 Cr Pre-Sales • Driven by strong sustenance sales across ongoing projects, validating the deep homebuyer trust and premium positioning of the Raymond Realty bran
Slide 20: Q2 & H1 FY27 Highlights
Q2 & H1 FY27 Highlights ₹ in Crs INCOME EBITDA & MARGIN (%) 1293 14% 15% 13% 1098 185 18% 142 757 14% 30% 706 115 7% 14% 101 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 PRE SALES CUSTOMER COLLECTIONS 1602 1233 111% 783 57% 902 682 98% 760 67% 409 455 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2
Slide 21: Financials
FINANCIALS Raymond re,
Slide 22: Financial Performance
Financial Performance Q2 & H1 FY27 In ₹ Crs * Profit & Loss Statement Q2FY27 Q2FY26 Y-o-Y H1FY27* H1FY26 Y-o-Y Revenue from operations 749 697 7% 1,275 1,077 18% Other income 8 9 18 21 Total Income 757 706 7% 1,293 1,098 18% Expenses 642 605 1,108 956 EBITDA 115 101 14% 185 142 30% EBITDA Margin % 1
Slide 23: Financial Position
Financial Position H1FY27 In ₹ Crs Balance Sheet (Abridged) H1FY27 FY26 * Non-Current Assets 137 108 Current Assets 7,775 6,954 Total Assets 7,912 7,062 Equity 1,622 1,567 Non-Current Liabilities 804 751 Current Liabilities 5,486 4,744 Total Liabilities 7,912 7,062 22
Slide 24: Cash Flow Position
Cash Flow Position In ₹ Crs H1FY27 H1 FY27 CASHFLOW BREAK-UP * Newly / Recently Yet to be * H1 FY27 Particulars Existing Mature Projects Launched Launched Total Cash Flow More than 2 years Old - Launched in last 2 years Not launched yet Launched before Sept-24 after Sept 24 Opening Balance 250 91 17
Slide 25: Project Details
| Project Details RAYMON|REALty
Slide 26: Ongoing Launched Projects Summary
Ongoing Launched Projects Summary Ongoing Launched Projects Summary ₹ In Crs Launched Portfolio Summary - Q2 FY27 Total Estimated Estimated RERA Area Area Booking Revenue Economic Launch Collections Sr. No. Project Name Category GDV Completion (in mn sq. Booked till % Sold Value till Recognized Inte
Slide 27: Future Launch Pipeline Summary
Future Launch Pipeline Summary Future Launch Pipeline Summary ₹ In Crs Launch Pipeline for Upcoming Projects Expected Category Estimated Booking Estimated Estimated Saleable Value Sr. No. Project Name Economic Interest Launch Completi Area (in Date on Date (Owned / JDA) mn Sq. ft) (In Rs. Cr) 1 Mahi
Slide 28: Own Land Portfolio
Own Land Portfolio ₹ in Crs TOTAL GDV TOTAL GDV LAUNCHED TOTAL GDV TO BE LAUNCHED ₹25,000 Cr ₹16,500 Cr ₹8,500 Cr Ten X Habitat & Vibes 3,500 Ten X District 9 1,800 Ten X Era 1,400 The Address by GS - S1 1,500 The Address by GS - S2 1,800 The Address by GS - S3 3,900 Invictus by GS Tower A 600 Invic
Slide 29: Aspirational: TenX Habitat
Aspirational: TenX Habitat KEY HIGHLIGHTS: • 5-acre landscape • 10 towers offering 1 & 2 BHK apartments with cross-ventilation • 25,000+ sq.ft. clubhouse • 1,00,000 sq. ft. rooftop sporting facility • 50+ amenities PROJECT STATUS: • OC received for all towers Total Rera Carpet Area: ~1.7 msf RERA Ca
Slide 30: Aspirational: TenX District 9
Aspirational: TenX District 9 KEY HIGHLIGHTS: • 3 towers offering premium 2 BHK apartments • Exclusive Tower Amenities PROJECT STATUS: • Tower A & C – Excavation WIP • Tower B – PCC & Surface Dressing WIP RERA Carpet Area Project ~0.8 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Till Date (3 towers) %
Slide 31: Aspirational: TenX Era
Aspirational: TenX Era KEY HIGHLIGHTS: • 3 towers, centrally located next to Lakeshore Mall (Viviana) • Efficiently planned 2 and 3 BHK Vaastu compliant homes • 26,500 sq.ft. clubhouse • 40+ indoor and outdoor amenities PROJECT STATUS: • Tower (A) – Finishing WIP RERA Carpet Area • Tower (B) – Finis
Slide 32: Premium: The Address by GS, Season 1
Premium: The Address by GS, Season 1 KEY HIGHLIGHTS: • 1.4 acres of landscape • 2 towers offering premium 3, 4, 5 & 6 BHK apartments • 45,000 sq.ft. clubhouse • Host of amenities PROJECT STATUS: • Tower (A) – OC Received • Tower (B) - OC Received RERA Carpet Area Project ~0.7 Mn sq.ft. Particulars Q
Slide 33: Premium: The Address by GS, Season 2
Premium: The Address by GS, Season 2 KEY HIGHLIGHTS: • 3 towers offering premium 3, 4, 5 & 6 BHK apartments with expansive decks • Podium top landscape amenities PROJECT STATUS: • Tower (C) – 37th floor slab WIP • Tower (D) – 28th floor slab WIP • Tower (E) – 5th floor slab WIP RERA Carpet Area Proj
Slide 34: Premium: The Address by GS, Season 3
Premium: The Address by GS, Season 3 KEY HIGHLIGHTS: • 4 towers offering premium 3, 4, 5 & 6 BHK apartments • Podium top landscape amenities • ~14,500 sq.ft. of High Street Retail PROJECT STATUS: • Tower (F) –Foundation WIP RERA Carpet Area Project ~1.5 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Til
Slide 35: Luxury: Invictus by GS – Tower A
Luxury: Invictus by GS – Tower A KEY HIGHLIGHTS: • 4.5 - BHK home spaces • Exclusive Tower Amenities • 25,000 sq.ft. clubhouse PROJECT STATUS: • 28th floor slab WIP RERA Carpet Area Project ~0.2 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Till Date (1 tower) No of Bookings 3 3 2 93 % UNITS SOLD Total
Slide 36: Luxury: Invictus by GS Tower B
Luxury: Invictus by GS Tower B KEY HIGHLIGHTS: • 4.5 - Bed home spaces • Exclusive Tower Amenities PROJECT STATUS: • Tower (B) – Foundation WIP RERA Carpet Area Project ~0.3 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Till Date (1 tower) % No of Bookings 5 2 0 20 LAUNCHED UNITS 1 Total Units Planned:
Slide 37: High Street Retail: Park Avenue
High Street Retail: Park Avenue RERA Carpet Area Project Particulars Q2FY26 Q1FY27 Q2FY27 PROJECT STATUS: ~0.08 Mn sq.ft. Till Date No of Bookings 4 2 3 62 % UNITS SOLD • Phase 1A - OC Received RERA Carpet Area (In Mn) 0.01 0 0.01 0.08 Total Units Planned: ~97% Value of Bookings (Cr.) 19 7 21 397 •
Slide 38: High Street Retail: Park Street
High Street Retail: Park Street RERA Carpet Area Project ~0.05 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Till Date PROJECT STATUS: No of Bookings 0 11 0 56 % UNITS SOLD Total Units Planned: ~90% • Excavation WIP RERA Carpet Area (In Mn) 0 0.01 0 0.04 62 Value of Bookings (Cr.) 0 48 0 246 Revenue Re
Slide 39: High Street Retail: Raymond Retail
High Street Retail: Raymond Retail RERA Carpet Area Project Particulars Q2FY26 Q1FY27 Q2FY27 ~0.15 Mn sq.ft. Till Date % No of Bookings 0 12 16 28 LAUNCHED RERA Carpet Area (In Mn) 0 0.01 1 0.02 0.03 Total Units Planned: UNITS SOLD Value of Bookings (Cr.) 0 55 104 159 65 ~58% Customer Collections (C
Slide 40: JDA Portfolio
JDA Portfolio ₹ in Crs TOTAL GDV TOTAL GDV LAUNCHED TOTAL GDV TO BE LAUNCHED ₹27,000 Cr ₹11,500 Cr ₹15,500 Cr The Address by GS, 2,600 Bandra Invictus by GS, BKC 2,300 The Address by GS, 5,000 Wadala The Address by GS, Sion 1,500 Mahim 1 1,800 Mahim 2 2,300 Kandivali Project 3,000 Parel Project 8,50
Slide 41: Premium: The Address by GS (Bandra)
Premium: The Address by GS (Bandra) KEY HIGHLIGHTS: • 8 towers offering opulent 2, 3 & 4 BHK apartments with Private Sundeck • Portuguese-inspired architecture design features • 30+ landscape & clubhouse amenities PROJECT STATUS: • Towers Launched: A to G • Tower (A) – 8th floor slab WIP • Tower (B)
Slide 42: Luxury: Invictus by GS (BKC)
Luxury: Invictus by GS (BKC) KEY HIGHLIGHTS: • 6 towers offering premium 3 & 4 BHK apartments – • Exclusive Tower Amenities PROJECT STATUS: • Shore piling work in progress RERA Carpet Area Project ~0.3 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Till Date (6 towers) % No of Bookings 0 (1) 14 66 LAUNC
Slide 43: Premium: The Address by GS (Wadala)
Premium: The Address by GS (Wadala) KEY HIGHLIGHTS: • 8 towers offering premium 2, 3 & 4 BHK apartments • Exclusive Tower Amenities PROJECT STATUS: • Tower A & B – Excavation WIP • Tower C & D – Sub-Structure WIP RERA Carpet Area Project ~1.4 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Till Date (8 t
Slide 44: Premium: The Address by GS (Sion)
Premium: The Address by GS (Sion) KEY HIGHLIGHTS: • 5 towers offering premium 2, 3 & 4 BHK apartments • Exclusive Tower Amenities PROJECT STATUS: • Shore Pilling WIP RERA Carpet Area Project ~0.4 Mn sq.ft. Particulars Q2FY26 Q1FY27 Q2FY27 Till Date (5 towers) % No of Bookings 0 24 14 55 LAUNCHED UNI
Slide 45: Disclaimer
Disclaimer The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not inte
Slide 46: Thank You
THANK YOU Contact Us: [email protected] 45