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Raymond Real Estate Ltd reported a sharp year-on-year improvement in its financial performance during the third quarter of the current financial year, driven by a strong rise in income and steady residential sales momentum. The company posted a substantial increase in consolidated net profit compared to the same quarter last year, reflecting the scale-up of project execution and improved operational performance. Total income during the quarter rose significantly, supported by higher construction progress and customer collections. Performance for the first nine months of the fiscal also showed a marked improvement, with both profit and income recording multi-fold growth over the year-ago period. Sales activity remained healthy during the December quarter, with the company achieving notable booking value, indicating sustained homebuyer demand. Raymond Real Estate maintained a moderate net debt position at the end of the quarter, providing balance sheet stability as it continues to expand its residential portfolio across key urban markets.
Raymond Real Estate Ltd posted a sharp rise in its consolidated net profit for the third quarter of the current financial year, reporting earnings of INR 66.79 crore, compared to INR 3.01 crore in the corresponding period last year, according to a regulatory filing made earlier this week. Advertisement
The company's total income for the October-December quarter surged to INR 765.97 crore, a significant increase from INR 93.26 crore recorded during the same period of the previous financial year. The strong growth reflects improved execution, higher sales traction and a broader contribution from ongoing residential projects.
For the first nine months of the fiscal year, Raymond Real Estate reported a consolidated net profit of INR 143.47 crore, compared to INR 15.37 crore in the year-ago period. Total income during the April-December period rose sharply to INR 1,863.62 crore, up from INR 449.77 crore in the corresponding period of the previous year.
During the third quarter, the company achieved a booking value of INR 743 crore, indicating sustained demand across its residential portfolio despite broader market uncertainties. The healthy booking performance supported revenue visibility for the coming quarters.
As of the end of the December quarter, Raymond Real Estate reported net debt of INR 230 crore, reflecting its capital structure following ongoing development activity and expansion across key residential markets.
Source - PTI
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