Raymond Limited · NSE:RAYMOND
Raymond — Q3 FY2025 Earnings Presentation
33 slides from Raymond's earnings presentation, Jan 30, 2025
Slide 1: Exchange filing cover letter: Investor Presentation
RL/SE/24-25/216 January 30, 2025 To The Department of Corporate Services - CRD The 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: 500330 Symbol: RAYMOND Dear Si
Slide 2: Raymond Limited Q3 FY25 Result Presentation
R AY M O N D L I M I T E D Q 3 ’ F Y 2 5 R E S U LT P R E S E N TAT I O N 29th January 2025 1
Slide 3: Table of Content
Pages 1 Q3FY25 Highlights 3-8 2 Realty Business 9-21 3 Engineering Business 22-24 TABLE OF CONTENT 4 Current Status and Outlook 25-27 5 Management 28-30 6 Disclaimer 31-32 2
Slide 4: Raymond Continues to Deliver Steady Quarterly Performance
Raymond Continues to Deliver Steady Quarterly Performance FINANCIAL OPERATING RESTRUCTURING PERFORMANCE* HIGHLIGHTS UPDATE Revenue YoY Vertical Cash Real ₹985 Cr. 36% Surplus ₹696 Cr. Estate Demerger Initiated Received stock exchange approval, EBITDA YoY scheme filed with NCLT and received sharehold
Slide 5: Q3FY25 Highlights
rg ] 2 gir Raymond Q3FY25 HIGHLIGHTS
Slide 6: Q3FY25 — Continued Momentum for Profitable Growth
Q3FY25 — Continued Momentum for Profitable Growth With record quarterly Revenue and EBITDA performance REAL ESTATE ENGINEERING* Revenue (₹Cr.) EBITDA & EBITDA Margin (₹Cr.) 433 Revenue 100% 20.8% 25.5% 22.1% 23.8% (₹Cr.) YoY Growth MPPL 235 41% 48% CAGR CAGR 209 208 217 198 439 488 116 97 Q3 FY22 Q3
Slide 7: Consolidated Results
Consolidated Results Q3FY25 Particulars (₹ Cr.) Q3 FY25 Q2 FY25 Q3 FY24 YoY Change 9M FY25 9M FY24 YoY Change Net Revenue 985 1,101 727 36% 3,084 1,756 76% Opex 816 929 600 2,581 1,441 EBITDA 169 172 127 33% 503 315 60% EBITDA Margin % 17.2% 15.6% 17.5% 16.3% 17.9% Depreciation* 42 40 18 121 51 Inte
Slide 8: Q3FY25 Segment Results
Q3FY25 — Raymond Limited Segment Results REVENUE EBITDA EBITDA % Q3 Q3 Q3 Q3 Q3 Q3 Particulars (₹ Cr.) YoY YoY FY25 FY24 FY25 FY24 FY25 FY24 Real Estate 488 439 11% 116 97 19% 23.8% 22.1% Engineering* 433 217 100% 52 30 74% 12.0% 13.8% # Others 64 71 2 0 Consolidated 985 727 36% 169 127 33% 17.2% 17
Slide 9: 9MFY25 Segment Results
9MFY25 — Raymond Limited Segment Results REVENUE EBITDA EBITDA % 9M 9M 9M 9M 9M 9M Particulars (₹ Cr.) YoY YoY FY25 FY24 FY25 FY24 FY25 FY24 Real Estate 1,547 915 69% 313 199 58% 20.3% 21.7% Engineering* 1,296 627 107% 156 84 86% 12.0% 13.4% # Others 242 213 34 32 Consolidated 3,084 1,756 76% 503 31
Slide 10: Realty Business
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Slide 11: Raymond Realty Journey So Far
Raymond Realty Journey So Far 1st Project 3rd Project Invictus by GS Ten X Habitat Ten X Era launched in Thane launched launched 2019 2023 2023 2021 2023 2024 2nd Project Address by GS 1st JDA Project Address by GS Season 2 launched The Address by launched GS - Bandra Launched Delivered 5 towers in
Slide 12: Launch of New Tower in The Address by GS 2.0
Launch of New Tower in The Address by GS 2.0 ~0.2 Mn sq.ft RERA Carpet Area 159 Total Units Planned 11
Slide 13: Shape & Size of the Current Portfolio
Shape & Size of the Current Portfolio OWN LAND (~100 Acre) JDA LED BUSINESS MODEL Asset Light Expansion ₹7,000 Cr.+ AREA UNDER FURTHER POTENTIAL Appointed: Developer for projects in Development Development Launched The Address by MAHIM SION BANDRA EAST ~40 Acre ~60 Acre GS BANDRA ~4.0* mn sq.ft .RER
Slide 14: Brand Portfolio
Brand Portfolio: Creating product brands in a commoditized industry ASPIRATIONAL PREMIUM LUXURY SEGMENT SEGMENT SEGMENT 13
Slide 15: Existing Projects Booking Update
Existing Projects Booking Update (as on 31st Dec 2024) Project 10 towers with Particulars FY24 Q3FY25 9MFY25 Till Date RERA carpet area % No of Bookings 359 47 170 2,980 UNIT SOLD ~1.7 Mn sq.ft. RERA Carpet Area* 0.21 0.03 0.10 1.63 Total Units Planned: Value of Bookings (Cr.) 425 58 209 3,234& 3,10
Slide 16: Existing Projects Booking Update
Existing Projects Booking Update (as on 31st Dec 2024) Project 3 Towers with Particulars FY24 Q3FY25 9MFY25 Till Date RERA Carpet Area % No of Bookings 228 51 156 384 UNIT SOLD ~0.7 Mn sq.ft. LAUNCHED UNITS# RERA Carpet Area* 0.26 0.06 0.18 0.45 Total Units Planned: Value of Bookings (Cr.) 575 145 4
Slide 17: Existing Projects Booking Update Bandra
Existing Projects Booking Update (as on 31st Dec 2024) Project 8 Towers with Particulars FY24 Q3FY25 9MFY25 Till Date % RERA Carpet Area UNIT SOLD No of Bookings 96 30 115 211 ~0.7 Mn sq.ft. LAUNCHED UNITS# RERA Carpet Area* 0.08 0.03 0.10 0.18 Total Units Planned: Value of Bookings (Cr.) 298 101 36
Slide 18: Existing Projects Booking Update: Retail Shops
Existing Projects Booking Update: Retail Shops (as on 31st Dec 2024) Project RERA carpet area Particulars Till Date ~0.025 Mn % No of Bookings 97 UNIT SOLD sq.ft. RERA Carpet Area* 0.02 Value of Bookings (Cr.) 130 Total Units Planned: Retail Shops in TenX Project 104 Customer Collections (Cr.) Reven
Slide 19: Projects Status
Projects Status (as on 31st Dec 2024) Building Building Elevation Elevation KEY HIGHLIGHTS: • KEY HIGHLIGHTS: • 5-acre landscape • Centrally located, next to Vivana Mall • 50,000+ sqft clubhouse • 26,500 sqft Clubhouse • 45+ Amenities • 40+ indoor and outdoor amenities • Cross ventilation • Efficien
Slide 20: Projects Status — Contd..
Projects Status — Contd.. (as on 31st Dec 2024) Building Building Building Elevation Elevation Elevation KEY HIGHLIGHTS: KEY HIGHLIGHTS: KEY HIGHLIGHTS: • 1.4 acres of landscape • Premium 3, 4, 5 & 6 bed apartments • 4.5-Bed homes spaces • Premium 3, 4, 5 & 6 bed apartment with expansive decks • 70,
Slide 21: Projects Status — JDA project
Projects Status — JDA project (as on 31st Dec 2024) Building Elevation KEY HIGHLIGHTS: • Opulent 2, 3 & 4 BHK apartments with Private Sundeck. • Portuguese-inspired architecture and landscape design. • 30+ landscape & clubhouse amenities BANDRA PROJECT STATUS: Towers A, B, C & D– Excavation WIP 20
Slide 22: Real Estate Business
Real Estate Business Q3 Q3 YoY 9M 9M YoY Particulars (₹Cr.) FY25 FY24 Change FY25 FY24 Change Net Sales 488 439 11% 1,547 915 69% EBITDA 116 97 19% 313 199 58% EBITDA margin 23.8% 22.1% 20.3% 21.7% 1. Booking momentum maintained during the quarter: • With the booking value of ₹ 505 Cr in Q3’FY25 vs
Slide 23: Engineering Business
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Slide 24: Raymond Engineering Business
Raymond Engineering Business 1 Steel Files and Tools & Hardware Auto and Engineering 2 Business has EV Component 3 Verticles Aerospace 3 & Defense One of India’s Largest Supplier of High Precision, Mission-Critical Components to Global Aerospace & Defense OEMs. 23
Slide 25: Engineering Business
Engineering Business Q3 Q3 YoY 9M 9M YoY Particulars (₹Cr.) FY25 FY24 Change FY25 FY24 Change Net Sales 433 217 100% 1,296 627 107% EBITDA 52 30 74% 156 84 86% EBITDA margin 12.0% 13.8% 12.0% 13.4% 1. The Segment Witnessed a Growth of 100% in Q3F25 vs PY: • Performance includes MPPL business, Acquis
Slide 26: Current Status & Outlook
rg ] 2 gir Raymond Current Status & OUTLOOK
Slide 27: Chairman & Managing Director on Q3FY25 Performance
CHAIRMAN & MANAGING DIRECTOR ON Q3FY25 PERFORMANCE “ We witnessed continued growth momentum in our Real Estate business during the quarter, with a strong booking value on account of successful launch of a new residential tower and continued traction in high street retail shops on our Thane land. Add
Slide 28: Current Status of Operations & Outlook
Current Status of Operations & Outlook ENGINEERING REAL-ESTATE BUSINESS BUSINESS • Targeting 20-25% growth in booking value • Drive strong growth from sunrise sectors of Aerospace & EV Components • Future expansion through a capital-light business model (via JDA) • Aerospace business is expected to
Slide 29: Management
rg ] 2 gir Raymond Raymond MANAGEMENT
Slide 30: Raymond Group Led by
Raymond Group Led by RAVI UPPAL Non-Executive Chairman JK Files & Engineering Ltd & RPAL GAUTAM HARI SINGHANIA Ex – L&T, JSW Chairman & Managing Director Currently – CMD of Steel Infra Solutions P. Ltd Raymond Ltd. 29
Slide 31: Raymond Management Team
Raymond Management Team S.L. POKHARNA AMIT AGARWAL K.A. NARAYAN JATIN KHANNA President - Corporate Commercial GROUP CFO President – HR Head – Corporate Raymond Ltd. Ex- Wockhardt Development Ex- JSW, Jet Airways, Essar Group Ex- Max Financial Services HARMOHAN SAHNI GAUTAM MAINI ARVIND MATHUR Execut
Slide 32: 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 33: Thank You
T H A N K YO U Contact: Raymond.IR@Raymond.in 32