Raymond Realty Limited · NSE:RAYMONDREL
Raymond Realty — Q3 FY26 Earnings Presentation
46 slides from Raymond Realty's earnings presentation, Jan 27, 2026
Slide 1: Results Presentation
RESULTS PRESENTATION Q3FY26 & 9MFY26 | January 27, 2026 1
Slide 2: Table of Contents
Table of Contents 1 Highlights 3-5 4 Financials 18-23 2 Business Overview 6-7 5 Management Team 24-28 3 Portfolio Overview 8-17 6 Annexures 29-44
Slide 3: Highlights
| Highlights Raymond re,
Slide 4: Q3FY26 & 9MFY26 Highlights
Q3FY26 & 9MFY26 Highlights Recorded a pre-sales of ₹ 743 Cr. in Q3FY26 and ₹ 1,504 Cr. in 9MFY26 - driven by robust demand Pre-Sales across ongoing projects Customer Maintained strong financial discipline with collections of ₹ 427 Cr. in Q3FY26 and ₹ 1,210 Cr. in Collections 9MFY26 Total Income of ₹
Slide 5: Q3FY26 & 9MFY26 Performance Snapshot
Q3FY26 & 9MFY26 Performance Snapshot TOTAL INCOME EBITDA & MARGIN (%) 1864 21% 1,580 17% 14% 13% 13% 706 766 267 242 492 105 101 100 Q3FY25 Q2FY26 Q3FY26 9MFY25 9MFY26 Q3FY25 Q2FY26 Q3FY26 9MFY25 9MFY26 PRE SALES CUSTOMER COLLECTIONS 1,678 1,391 1,504 1,210 743 505 431 409 427 455 Q3FY25 Q2FY26 Q3FY
Slide 6: Business Overview
| Business Overview RAYMON|REALty
Slide 7: Raymond Realty: Journey and Launches
Raymond Realty: Journey and Launches Additional Projects in THANE • The Address by GS - Season 3 Additional Projects in THANE • Invictus by GS - Tower B • Ten X Era 1st Project in THANE • The Address by GS - Season 2 2nd JDA Project Launched Ten X Habitat • Invictus by GS - Tower A Invictus by GS -
Slide 8: Portfolio Overview
| Portfolio Overview RAYMON|REALty
Slide 9: Brand Portfolio: Creating Product Brands in a Commoditized Industry
Brand Portfolio: Creating Product Brands in a Commoditized Industry Aspirational Premium Luxury 9
Slide 10: Shape & Size of the Current Portfolio
Shape & Size of the Current Portfolio 100 Acre Thane Land Bank 6 JDA Projects Signed The Address by GS, Bandra Ongoing Ongoing Invictus by GS, Shape & Size of the Development BKC ~55 Acres Recently Launched Thane Land Bank Current Portfolio ~ ₹ 25,000 Cr The Address by GS, Wadala JDA's Sion ~ ₹ 14,0
Slide 11: Upcoming Infrastructure in Thane
Upcoming Infrastructure in THANE 11
Slide 12: Shape & Size of the Current Portfolio: Thane Land
Shape & Size of the Current Portfolio: THANE LAND OWN LAND in THANE (~100 Acre) with a Potential Revenue of ~ ₹25,000 Cr CURRENT DEVELOPMENT POTENTIAL DEVELOPMENT RERA RERA CARPET AREA CARPET AREA ~5.8 MN SQ.FT . ~5.6 MN SQ.FT . Potential Revenue Potential Revenue ~ ₹ 13,200 Cr ~ ₹ 11,800 Cr DELIVER
Slide 13: New Launches in BKC: Invictus by GS
New Launches in BKC: Invictus by GS KEY HIGHLIGHTS: • 6 towers offering premium 3 & 4 BHK apartments – • Exclusive Tower Amenities PROJECT STATUS: • Tower A,B,C,D & F – Launched Total Rera Carpet Area: ~0.3 msf % Sold: ~17% 13
Slide 14: Shape & Size of the Current Portfolio: JDA's
Shape & Size of the Current Portfolio: JDA’s JDA LED BUSINESS EXPANSION - ▪ Gross Development Value (GDV) of ~₹14,000 Cr The Address by GS - BANDRA ▪ Asset Light Model (Revenue Potential ~ ₹ 2,000cr) ▪ APPOINTED Developer for 6 projects Invictus by GS – BKC (Revenue Potential ~ ₹ 2,000cr) across Mum
Slide 15: Future Project Trajectory
Future Project Trajectory Launches planned for the year 2025-26 • 2 New Projects on own land - Thane • 1 to 2 New JDA Projects - Mumbai 22% Thane 50% 50% JDA's 78% FY25 FY28 JDA projects expected to be 50% of annual pre-sales within 2 to 3 years 15
Slide 16: Constructing Success: Summarising the Strategy
Constructing Success: Summarising the Strategy Annual Pre Sales Continued focus on Growth MMR/ Pune Market ~20% JDA Led Annual Revenue Capital Light Business Model Growth ~20% Creating product brands ROCE ~20% Operational Intensity 16
Slide 17: ESG (Environment, Social, and Governance)
ESG (Environment, Social, and Governance) ENVIRONMENT (E) SOCIAL (S) GOVERNANCE (G) ✓ Ensured that no operations or construction ✓ Zero Fatalities reported for 5 years ✓ Board members with rich and diverse occur in ecologically sensitive areas. ✓ Women-Brigade Initiative to empower experience, safeg
Slide 18: Financials
| Financials RayMond |rearty
Slide 19: Like-to-Like comparison: Post Demerger
Like-to-Like comparison: Post Demerger Q3FY26 & 9MFY26 In ₹ Crores * Profit & Loss Statement Q3FY26 Q2FY26 Q3FY25* YoY Change 9MFY26 9MFY25* YoY Change Revenue from operations 758 697 489 55% 1,834 1,553 18% Other income 8 9 4 30 26 Total Income 766 706 492 56% 1,864 1,580 18% Expenses 666 605 387 1
Slide 20: Like-to-Like comparison: Post Demerger
Like-to-Like comparison: Post Demerger 9MFY26 In ₹ Crores Balance Sheet (Abridged) 9MFY26 FY25 * Non-Current Assets 440 282 Current Assets 4,826 3,152 Total Assets 5,266 3,434 Equity 1,413 1,268 Non-Current Liabilities 2,539 742 Current Liabilities 1,314 1,424 Total Liabilities 5,266 3,434 * These f
Slide 21: Like-to-Like comparison: Post Demerger
Like-to-Like comparison: Post Demerger 9MFY26 In ₹ Crores * * Cash Flows 9MFY26 9MFY25 Opening Balance 600 579 Total Inflow 1,225 1,394 Approval Costs (759) (189) Construction Costs (665) (541) Sales, Marketing, Admin, Employee & Other Costs (439) (358) Total Outflow (1863) (1,088) Net Operating Cas
Slide 22: Operational Cashflow for Growth
Operational Cashflow for Growth In ₹ Crores Monetisation Progress of Launched Projects Q3FY26 Gross Debt - ₹ 713 Pending Collection from Sold Inventories 2,997 Estimated Value of Unsold Inventory 7,118 Gross Cash - ₹ 483 Total Estimated Collection 10,114 Remaining Estimated Project Cost 5,979 Est. S
Slide 23: Strong Execution Track Record
Strong Execution Track Record In ₹ Crores 4 Yr CAGR – No. of Bookings 4 Yr CAGR – Booking Value 22% 55% 2,249 2,314 1,354 1,003 1,609 938 701 963 455 399 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 4 Yr CAGR – Reported Revenue 4 Yr CAGR – Customer Collections 101% 2313 64% 1,887 1,551 1593 1,2
Slide 24: Management Team
| Management Team RAYMON|REALty
Slide 25: Raymond Group Led by Gautam Hari Singhania
RaymondGroup Ledby “The future lies in imagining the unimaginable!!! At Reimagined Raymond, We aspire to achieve just the same. We aim to create not just offerings but an organization built for the future.” GAUTAM HARI SINGHANIA Chairman
Slide 26: Board Members
Board Members KUMMAMURI NARASIMHA ASHISH KAPADIA HARMOHAN SAHNI MURTHY GAUTAM TRIVEDI Non - Executive Independent Managing Director Independent Director Non - Executive Director Director 30+ years of experience in the Real Estate 40+ years of Finance & Governance 30+ years of experience in Investmen
Slide 27: Our Leadership Team
OurLeadership Team HARMOHAN SAHNI SANDEEP MAHESHWARI ANKUR JINDAL Managing Director Chief OperatingOfficer Chief Financial Officer A qualified Chartered Accountant with over 30 A qualified Civil Engineer & MBA with over 35 A qualified Chartered Accountant with over 24 years of formidable experience
Slide 28: 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, with A qualified lawyerwith over 25 years of experience in experience acro
Slide 29: Annexures
Annexures 1. Booking Update of Ongoing Projects - (Page 30-34) 2. Project Status - (Page 35-44) 29
Slide 30: Booking Update of Ongoing Projects
Booking Update of Ongoing Projects
Slide 31: Existing Projects Booking Update: Thane
Existing Projects Booking Update: THANE 10 Towers with Project Particulars Q3FY25 Q2FY26 Q3FY26 RERA Carpet Area Till Date ~1.7 Mn sq.ft. No of Bookings 47 8 9 3,077 % RERA Carpet Area* 0.03 0.00 0.00 1.68 UNITS SOLD Total Units Planned: Value of Bookings (Cr.) 58 8 10 3,352 & & ~99% 3,103 Customer
Slide 32: Existing Projects Booking Update: Thane
Existing Projects Booking Update: THANE 02 towers with Project Particulars Q3FY25 Q2FY26 Q3FY26 RERA Carpet Area Till Date ~0.7 Mn sq.ft. No of Bookings 6 0 1 542 % Total Units Planned: RERA Carpet Area* 0.00 0.00 0.00 0.67 UNITS SOLD 552 Value of Bookings (Cr.) 10 0 6 1,457 & ~98% (5BHK & above: 42
Slide 33: Existing Projects Booking Update: Thane
Existing Projects Booking Update: THANE 1 tower with Project Till Particulars Q3FY25 Q2FY26 Q3FY26 RERA Carpet Area Date ~0.2 Mn sq.ft. No of Bookings 5 3 7 87 % RERA Carpet Area* 0.01 0.01 0.02 0.20 UNITS SOLD Total Units Planned: Value of Bookings (Cr.) 24 16 38 471 & ~85% 102 Customer Collections
Slide 34: Existing Projects Booking Update: JDA's
Existing Projects Booking Update: JDA’s 8 towers with Project Till Particulars Q3FY25 Q2FY26 Q3FY26 RERA Carpet Area Date % ~0.7 Mn sq.ft. No of Bookings 30 59 41 389 Total Units Planned: RERA Carpet Area* 0.03 0.05 0.04 0.33 LAUNCHED 805 Value of Bookings (Cr.) 101 194 134 1,259& UNITS SOLD1 (4BHK
Slide 35: Project Status
| Project Status RayMond |rearty
Slide 36: Aspirational: Ten X Habitat (Thane)
Aspirational: Ten X Habitat (Thane) KEY HIGHLIGHTS: • 5-acre landscape • 10 towers offering 1 & 2 BHK apartments with cross-ventilation • 50,000+ sq.ft. clubhouse • 50+ amenities PROJECT STATUS: • Tower 1st to 8th OC received, possession in progress • Tower 9th & 10th Snagging & De- snagging in prog
Slide 37: Aspirational: Ten X Era (Thane)
Aspirational: Ten X Era (Thane) 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) - 28th floor slab WIP • Tower (B) - 37th fl
Slide 38: Premium: The Address by GS-S1 (Thane)
Premium: The Address by GS-S1 (Thane) 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) - External & internal finishing & MEP WIP • Tower (B) - External & internal finishing & MEP
Slide 39: Premium: The Address by GS-S2 (Thane)
Premium: The Address by GS-S2 (Thane) KEY HIGHLIGHTS: • 3 towers offering premium 3, 4, 5 & 6 BHK apartments with expansive decks • Podium top landscape amenities PROJECT STATUS: • Tower (C) - Service floor slab WIP • Tower (D) - 16th floor slab WIP • Tower (E) - Podium & 2nd floor slab WIP Total Re
Slide 40: Luxury: Invictus by GS – Tower A (Thane)
Luxury: Invictus by GS – Tower A (Thane) KEY HIGHLIGHTS: • 4.5 - BHK home spaces • Exclusive Tower Amenities • 25,000 sq.ft. clubhouse PROJECT STATUS: • 15th floor slab WIP Total Rera Carpet Area: ~0.2 msf % Sold: ~85% 40
Slide 41: Commercial Retail: Park Avenue (Thane)
Commercial Retail: Park Avenue (Thane) Total Rera Carpet Area: ~0.08 msf % Sold: ~78% 41
Slide 42: Premium: The Address by GS - S3 (Thane)
Premium: The Address by GS - S3 (Thane) 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) – Launched Total Rera Carpet Area: ~1.5 msf % Sold: ~25% 42
Slide 43: Luxury: Invictus by GS Tower B (Thane)
Luxury: Invictus by GS Tower B (Thane) KEY HIGHLIGHTS: • 4.5 - Bed home spaces • Exclusive Tower Amenities PROJECT STATUS: • Tower (B) – Launched Total Rera Carpet Area: ~0.3 msf % Sold: ~11% 43
Slide 44: Premium, JDA Project: The Address by GS (Bandra)
Premium, JDA Project: 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: • Tower (A) – Gr Floor slab decking WIP • Tower (B) – B2
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: RRL.IR@raymond.in 46