Raymond Realty Q2 Revenue Rises to ₹750 Crore vs ₹697 Crore YoY

Market snapshot: Raymond Realty reported a Q2 revenue of ₹750 crore against ₹697 crore in the corresponding prior-year period (as stated in the source alert; not independently verified). The business continues to see strong underlying operational momentum, backed by robust pre-sales growth in the Mumbai Metropolitan Region.

Data Snapshot

• Raymond Realty recorded pre-sales of ₹902 crore in Q2 FY27, representing a 98% YoY surge.
• Collections for Q2 FY27 reached ₹682 crore, up 67% YoY.
• Cumulative pre-sales for H1 FY27 jumped 111% YoY to ₹1,602 crore.
• Net debt stood at ₹914 crore with available liquidity of ₹306 crore as of September 30, 2026.

What's Changed

• Q2 FY27 pre-sales grew to ₹902 crore from ₹456 crore in Q2 FY26 (derived: ₹902 cr with 98% YoY growth).
• Collections expanded to ₹682 crore in Q2 FY27 from ₹408 crore in Q2 FY26 (derived: ₹682 cr with 67% YoY growth).

Key Takeaways

• Raymond Realty maintained operational expansion with pre-sales doubling in Q2 FY27.
• Cash collections rose significantly, supporting project execution timelines.
• Launch pipeline for H2 FY27 includes major planned project rollouts worth ₹4,100 crore in Mahim.

SAHI Perspective

The operational performance of Raymond Realty highlights consistent execution in its core Mumbai suburban micro-markets. High pre-sales and steady collections build strong revenue visibility for subsequent accounting periods as completion milestones are reached.

Market Implications

Strong pre-sales momentum reinforces investor confidence in real estate developers with established execution capabilities. Expansion through Joint Development Agreements (JDAs) provides capital-efficient growth opportunities in high-demand residential sectors.

Trading Signals

Market Bias: Bullish

Operational performance remains robust with Q2 FY27 pre-sales jumping 98% YoY to ₹902 crore and collections growing 67% YoY to ₹682 crore, supporting cash flow visibility.

Overweight: Real Estate, Residential Property

Trigger Factors:

• Execution rollout of upcoming ₹4,100 crore Mahim launches in H2 FY27
• Sustained cash collection velocity across existing project sites

Time Horizon: Near-term (0-3 months)

Industry Context

The Mumbai Metropolitan Region residential market has seen resilient end-user demand across premium and mid-income segments. Asset-light expansion strategies, such as project additions via joint development arrangements, continue to gain traction among leading urban developers.

Key Risks to Watch

• Approval delays for planned launches in new micro-markets
• Interest rate fluctuations impacting housing affordability

Recent Developments

Raymond Realty released its Q2 FY27 operational update reporting pre-sales of ₹902 crore and collections of ₹682 crore. Additionally, a Board Meeting was scheduled for October 27, 2026 to evaluate financial results.

Closing Insight

Sustained pre-sales conversion and execution focus positions Raymond Realty to maintain cash flow generation while expanding its residential development footprint.

High Performance Trading with SAHI.