Raymond Realty Reports Explosive FY26 Growth as Q4 Booking Value Surges 139%
New Delhi, May 6, 2026: Raymond Realty Limited has reported a massive 139% year-on-year surge in booking value during the fourth quarter. The company reported a Q4 booking value of ₹1,519 crore, a feat described as “fundamentally supercharging” the firm’s fiscal trajectory. This quarterly momentum propelled the full-year booking value to ₹3,023 crore, representing a 31% increase over the ₹2,314 crore recorded in FY25, the company said in a press release.
The company’s financial scaling was evident across all key metrics. Total income for Q4 FY26 reached ₹1,176 crore, a 53% increase from the previous year’s ₹771 crore, while annual income rose 29% to ₹3,039 crore. EBITDA for the final quarter surged 49% to ₹253 crore, supported by an optimized product mix and a healthy delivery pipeline. Despite rapid expansion, the company maintained resilient EBITDA margins of 21.5%, demonstrating an ability to sustain high profitability while aggressively growing its market footprint across the Mumbai Metropolitan Region (MMR).
A central theme of the year was the successful structural pivot toward a Joint Development Agreement (JDA) led, asset-light model. Raymond Realty achieved its 50:50 portfolio mix target a full year ahead of schedule, with JDAs contributing 54% of the total booking value in FY26—a significant jump from just 22% in the previous fiscal year. This shift was underscored by the dual-launch of “The Address by GS” in Wadala and Sion, which together unlock a combined Gross Development Value (GDV) exceeding ₹6,400 crore. The company’s total portfolio now stands at approximately ₹42,000 crore in GDV.
Operational highlights included the continued development of the 100-acre Thane land parcel, which remains a cornerstone of the business with a revenue potential of ₹25,000 crore. To date, approximately 60 acres are under active development, with sales milestones reaching ₹9,100 crore. The quarter also saw the successful debut of “Ten X – District 9” and the “Park Street” high-street retail destination in Thane. Looking ahead, the company plans to activate two marquee projects in Mahim within the next 12 to 15 months, followed by a highly anticipated ₹3,000 crore development in Kandivali.
Raymond Realty maintains a strong liquidity position with a buffer of ₹358 crore, ensuring it is fully funded for construction spends over the coming year. The company reported a lean net debt of ₹656 crore and a debt-to-equity ratio of 0.6, well below its internal ceiling. Commenting on the results, Harmohan Sahni, Managing Director & CEO, Raymond Realty Limited said: “FY26 marks a defining chapter for us, transitioning from a period of robust planning to one of scaled execution. Our performance, particularly the ₹1,519 crore in pre-sales this final quarter, validates our strategic adaptability and our ability to unlock value across diverse micro-markets through the JDA model. This momentum is a testament to the ‘Go Beyond’ philosophy—a commitment to beauty, discipline, and excellence that continues to resonate deeply with our homebuyers. As we look ahead, we remain focused on driving sustainable growth and delivering consistent, long-term value to our shareholders.”
