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Raymond Limited today announced its unaudited financial results for the quarter ended 31st December, 2024.
Consolidated Results Snapshot (Post IND AS 116) | ||||||
(₹) in Crores | Q3 FY25 | Q3 FY24 | Y-o-Y % | GM FY25 | GM FY24 | Y-o-Y % |
Revenue | G85 | 727 | 36% | 3,084 | 1,756 | 76% |
EBITDA | 16G | 127 | 33% | 503 | 315 | 60% |
EBITDA % | 17.2% | 17.5% | 16.3% | 17.9% | ||
PBT(beforeexceptionalitems) | 100 | 87 | 14% | 2G4 | 225 | 31% |
PBT(beforeexceptionalitems)% | 10.1% | 12.0% | 9.5% | 12.8% | ||
Note: The above performance includes the acquisition of MPPL completed in March 2024. Raymond Limited now comprises of Real Estate and Engineering businesses, excluding the Lifestyle business, which has been demerged into Raymond Lifestyle Limited, a separately listed entity.
RaymondLimitedcontinueditsgrowthmomentum,deliveringahealthyperformancewithconsolidated quarterly revenue from Real Estate and Engineering business of ₹ G85 Cr, reflecting a 36% increase compared to the same quarter of the previous financial year, and an EBITDA of ₹ 16G Cr with an EBITDA margin of 17.2 %. This includes MPPL acquisition completed in March 2024.
TheRealestatebusinesscontinuestoperformwellandIn Q3FY25,thecompanyachievedabookingvalue of₹505 Cr,primarily drivenby demandfor TheAddressbyGS2.0,'TenXERA',Sale ofRetailshopsinThane andinJDA'TheAddressbyGS'inBandra.RaymondLimitedcontinuestobeaNetCashSurpluscompany with₹6G6Cravailableforfuturegrowth.
Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said; “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. Additionally, we remain optimistic about the future of our Engineering business, particularly in the aerospace sector, where we foresee significant growth opportunities. As we enter the last quarter of the financial year, we remain optimistic about the growth trends across businesses and we are confident in our ability to deliver sustained value to our stakeholders”
Q3FY25 Segmental Performance
Real Estate Business:
Raymond Realty delivered a steady quarterly performance with a revenue of ₹ 488 Cr in Q3 FY25 from ₹439CrinQ3FY24recordingagrowthof11%Y-o-Y.ThesegmentreportedanEBITDAof₹116CrinQ3FY25 from₹97CrinQ3FY24.EBITDAmarginat23.8%inQ3FY25,~160bpsimprovementover22.1%inQ3FY24. Duringthequarter,RaymondRealtylaunchedanewresidentialtowerinitsAddressbyseason2.0Thane projectwhichreceivedanoverwhelmingresponse.Furtherwealsowitnessedcontinuedtractioninour ParkAvenue–HighStreetReimaginedRetailprojectlaunchedinthepreviousquarter.Thisisfirstofits kindhighstreetretailinThanethatwillhostpremiumaspirationalbrands.
RaymondRealtycontinuestofocusondeliveringprojectswithincommittedtimelines.Givenourtrack record of delivering projects ahead of timelines, which was well appreciated by our customers and resulted in increased customer confidence. Total potential revenue from our current Real Estate Business is ₹ 32,000 Cr+, which includes ₹ 25,000 Cr+ from our Thane Land parcel and ₹ 7,000 Cr+ from 4 separate JDA’s.
Engineering Business:
Segment'ssalesstoodat₹433CrinQ3FY25comparedto₹217CrinQ3FY24.Thisperformanceincludes the acquisition of MPPL,completed in March 2024.The auto components and the engineeringconsumable category were impacted due to sluggishness in export markets on account of weak demand and geopolitical issues. During the quarter, the business reported anEBITDA margin at12.0% lower as compared to 13.8% in Q3FY24 mainly due to changes in the product mix. The aerospace business isexpectedtogrowpostresolutionofproductionissuesfacedbyoneofthelargestaircraftmanufacturer leadingtodelaysinorder.