New Delhi, Oct 05th, 2026: Raymond Realty Limited today released provisional operational numbers for Q2 FY27 (July–September 2026). Pre-sales rose 98% YoY to ₹902 Crore and collections rose 67% YoY to ₹682 Crore.

The quarter experienced no new project launches, with growth driven entirely by sustained sales velocity and steady price realization within the existing "Address by GS" portfolio.

Performance at a glance: Provisional Operational Metrics* (₹ Cr.)

Particulars	Q2 FY27	Q2 FY26	YoY %	H1 FY27	H1 FY26	YoY %
Pre-Sales	902	455	98%	1602	760	111%
Collections	682	409	67%	1233	783	57%

* These figures are strictly provisional and are subject to review.

Management commentary 

Commenting on the performance, Mr. Harmohan Sahni, Managing Director & CEO, Raymond Realty Limited, said: “We nearly doubled pre-sales this quarter without any new launches, supported by resilient sustenance sales and continued homebuyer confidence in our projects. Simultaneously, the 67% year-on-year growth in collections highlights our focus on cash flow efficiency. Furthermore, receiving the Occupation Certificate (OC) for The Address by GS Season 1 Tower B approximately 18 months ahead of its RERA timeline stands as a strong testament to our execution capabilities. 

Looking ahead, our focus centres on scaling our operational footprint through a strong pipeline of scheduled launches in MMR. Representing a cumulative GDV of over ₹4,100 crore, these launches are expected to strengthen our market position and support our objective of achieving the pre-sales guidance for FY27. 

Our approach remains disciplined: grow based on collections, keep leverage well within our ceiling, and compound returns for our shareholders.” 

Q2 FY27 Operational Highlights:

• Robust Pre-Sales Trajectory: Q2 FY27 pre-sales of ₹902 Crore were up 98% YoY over the ₹455 Crore recorded in Q2 FY26. Even without any new project launches this quarter, the company maintained high sales momentum and steady price realization. This performance reflects deep consumer trust in the brand and was heavily supported by continued velocity in the 'Address by GS' portfolios.

• Resilient Cash Collections: Maximizing cash pipeline efficiency, our quarterly collections rose 67% YoY to reach ₹682 Crore. These sustained collections reflect healthy customer demand and strong execution across projects.

• Completed Projects: During Q2 FY27, OC received for Address by GS Season 1 Tower B in Thane comprising of 270 units, Total RERA Carpet Area of 3,44,478 sq. ft., well ahead of RERA Timelines (Proposed RERA Completion Date was Mar-28).

• New Planned Launches: We are accelerating our growth trajectory over the next two quarters with a strong pipeline of MMR launches, representing a cumulative GDV of over ₹4,100 crore. The current financial year will feature two premier JDA project launches:

• Leverage under control: During the quarter, our gross borrowings increased by ₹125 crore, bringing the total to ₹1,220 crore as of September 30, 2026. These drawdowns were primarily utilized to fund construction across our FY26 project launches. Backed by liquidity of ₹306 crore, net debt stood at ₹914 crore, maintaining a net debt-to-equity ratio well below our Board-approved ceiling of 1.0x. This capital deployment is fully aligned with a robust collection pipeline and is strategically positioned to unlock key revenue milestones over the next 12 to 18 months.
• Credit rating Update: CARE reaffirmed Raymond Realty at CARE A+ with a Stable outlook, citing consistent booking momentum, an improving launch pipeline and healthy execution on the existing portfolio. 

• FY27 guidance Update: Raymond Realty remains on track for ~20% growth in pre-sales, ROCE of ~20%, EBITDA margin of 17–19% and PAT margin of 9–10%.