Raymond Realty Reports Record FY26 Full-Year Results: Total Income Up 29%, Q4 Bookings Surge 139% YoY; ₹2/Share Dividend Declared
Record FY26 Performance Driven by Booking Momentum
Raymond Realty's consolidated total income for FY26 stood at ₹3,039.42 crore, compared to ₹56,730 lakhs in FY25, marking a sharp acceleration in the company's first full fiscal year following its May 2025 listing. Consolidated net profit after tax reached ₹304.59 crore, a substantial jump from ₹17.77 crore in FY25.
For Q4 FY26, total income was ₹1,175.80 crore, up from ₹117.53 crore in Q4 FY25, with net profit at ₹161.12 crore compared to ₹2.40 crore in the year-ago quarter. Revenue from operations also witnessed a sharp rise to ₹1,156.7 crore in Q4 FY26 from ₹117.1 crore in the year-ago quarter, reflecting strong execution and revenue recognition across projects.
Booking Value Surges, Setting Foundation for Future Growth
Annual pre-sales booking value for FY26 reached ₹3,023 crore, a 31% year-on-year increase. In the quarter alone, the board recommended a dividend of ₹2 per equity share of face value ₹10 each (20% on equity share capital), subject to shareholder approval at the ensuing Annual General Meeting.
The strong Q4 momentum reflected sustained residential demand in Mumbai and the Mumbai Metropolitan Region. The stock rose 12.46% to ₹533.85 on the NSE on May 6, 2026, with investors reacting positively to the company's robust quarterly numbers and dividend announcement.
Dividend Declaration and AGM Schedule
The Board recommended a dividend of ₹2 per equity share (20% on face value of ₹10 each) for the financial year ended March 31, 2026, subject to shareholder approval at the 7th Annual General Meeting. The dividend, if approved, will be paid on or after July 14, 2026. The AGM is scheduled for July 14, 2026.
Operational Expansion and Market Position
Raymond Realty reported strong results for FY26, its first year post-demerger. The consolidated results for FY26 reflect the first full year of operations following the demerger of Raymond Limited's real estate business undertaking into Raymond Realty, effective from the appointed date of April 01, 2025. The financial results received an unmodified audit opinion from joint statutory auditors Walker Chandlok & Co LLP and Chaturvedi & Shah LLP.
The company's focus on a capital-light JDA model and expansion in Thane and Mumbai Metropolitan Region will be key differentiators against competitors focusing on outright land development. The development forms a key pillar of the company's ₹140 billion joint development agreement (JDA) portfolio and is central to its annual topline target of ₹40 billion.
Balance Sheet and Cash Position
Total equity was ₹156,742 lakhs, with non-current liabilities of ₹73,888 lakhs and current liabilities of ₹475,608 lakhs. Inventories stood at ₹428,057 lakhs and cash and cash equivalents at ₹28,512 lakhs as at March 31, 2026.
On a consolidated basis, net cash used in operating activities for FY26 was ₹90,996 lakhs, reflecting the scale-up of construction and working capital requirements. Net cash generated from investing activities was ₹1,869 lakhs, while net cash generated from financing activities was ₹72,508 lakhs, driven by proceeds from long-term borrowings of ₹108,680 lakhs.
Context: Developer's Market Position
Raymond Realty is the real estate arm of the Raymond Group, one of India's most respected and enduring business conglomerates with a legacy spanning over a century. Since its formal inception in 2019 as the real-estate arm of the group, Raymond Realty has committed itself to redefining modern urban living through meticulous design, transparent practices, and an unwavering focus on timely delivery.
The company operates across multiple segments in the Mumbai Metropolitan Region. The development forms a key pillar of the company's ₹140 billion joint development agreement (JDA) portfolio. The project is part of six JDAs signed across Bandra, Mahim, Sion and Wadala, collectively valued at ₹140 billion. Raymond expects JDAs to contribute half of its annual pre-sales by FY28, up from 22 per cent in FY25.