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Raymond Realty Ltd has reported sales bookings of INR 700 crore for the first quarter of FY27, more than doubling from INR 306 crore recorded in the corresponding period last year. The company attributed the growth to sustained demand for its premium residential portfolio despite not launching any new housing projects during the quarter. Customer collections also increased to INR 550 crore, while borrowings rose to support ongoing construction and working capital requirements for projects launched during FY26. As of June 30, the company reported outstanding borrowings of INR 1,097 crore, liquidity of INR 270 crore and a net debt position of INR 827 crore.
Raymond Realty Ltd reported sales bookings of INR 700 crore during the April-June quarter of FY27, registering an increase of more than two times compared with INR 306 crore recorded in the corresponding period of the previous financial year. The company disclosed the operational performance in a regulatory filing in the past week, citing continued demand for its premium residential developments despite the absence of new project launches during the quarter.
According to the company, the performance reflects sustained buyer demand across its existing residential portfolio. Raymond Realty stated that the growth in pre-sales was achieved without introducing any new residential projects during the quarter, indicating continued sales momentum in ongoing developments.
Customer collections during the quarter rose 47 per cent year-on-year to INR 550 crore, reflecting higher inflows from homebuyers. The company said the collections provide support for ongoing construction activity and project execution.
Raymond Realty also reported capital deployment of INR 198 crore through borrowings during the quarter. According to the company, the funds were primarily utilised to meet construction expenditure and working capital requirements for the seven residential projects launched during FY26.
As of June 30, 2026, the company's total outstanding borrowings stood at INR 1,097 crore, compared with INR 380 crore recorded a year earlier. Raymond Realty stated that the increase reflects peak-cycle construction funding requirements associated with the execution of projects launched during the previous financial year.
The company added that these investments are supported by its customer collection pipeline and are expected to contribute towards future revenue recognition as construction progresses over the coming quarters.
Raymond Realty reported liquidity of INR 270 crore as of June 30, resulting in a net debt position of INR 827 crore at the end of the reporting period.
The operational update comes at a time when several residential developers have continued to report healthy demand across key housing markets despite a moderation in new project launches. Raymond Realty's latest quarterly performance indicates that sales momentum in existing projects remained resilient during the period, supported by customer collections and ongoing project execution.
Mumbai-based Raymond Realty is engaged in residential real estate development and has an expanding portfolio of housing projects across the Mumbai Metropolitan Region.
Source - PTI
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