Raymond Shares in Focus on Ex-Date for Realty Demerger, May 14

Written by: Neha DubeyUpdated on: 14 May 2025, 3:33 pm IST

Raymond shares remained in focus on May 14 as the stock turns ex-date for the demerger of its real estate arm, Raymond Realty, marking a key corporate milestone.

Raymond Shares in Focus on Ex-Date for Realty Demerger, May 14

Raymond Ltd shares opened at ₹530 on May 14, 2025, against its previous close of ₹1561.30.

Raymond Realty Demerger Completed

To recap, the demerger of Raymond Realty Limited (RRL) was finalised on May 1. Today marks the record date for determining eligible Raymond shareholders who will receive equity shares of Raymond Realty as per the demerger scheme. The real estate business is anticipated to be listed during the September quarter of FY26.

Raymond Realty Reports Strong Q4 FY25 Performance

In the March quarter, Raymond's Real Estate business achieved a revenue of ₹766 crore, marking a 13% increase from ₹677 crore in the same period last year.

The business reported an EBITDA of ₹194 crore, up from ₹171 crore YoY, with an EBITDA margin of 25.3%.

Raymond highlighted its focus on meeting project deadlines and signed two new Joint Development Agreements (JDAs) in Mahim and Wadala, with a combined gross development value (GDV) of ₹6,800 crore.

Raymond Realty Expands Portfolio with Strategic JDAs

Raymond recently announced that its total potential revenue from the Real Estate business now stands at nearly ₹40,000 crore.

This includes ₹25,000 crore from its Thane land parcel and ₹14,000 crore from its Joint Development Agreement (JDA) model. In Q4 FY25, the company recorded a booking value of ₹636 crore, driven by strong demand for projects like The Address by GS 2.0, Invictus, and Park Avenue - High Street Retail in Thane, as well as the JDA 'The Address by GS' in Bandra.

The Real Estate business also reported a net cash surplus of ₹399 crore. Chairman and MD Gautam Hari Singhania highlighted that the company’s strategic move, focused on sustainable growth and enhancing shareholder value.

Conclusion

The demerger of Raymond Realty marks a significant step in Raymond Ltd’s corporate restructuring strategy, unlocking greater value for shareholders and sharpening its focus on core businesses.

With strong Q4 performance, a growing portfolio of high-potential JDAs, and nearly ₹40,000 crore in projected revenue from real estate operations, Raymond Realty is well-positioned for its upcoming independent listing.

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Published on: May 14, 2025, 10:03 AM IST

Neha Dubey

Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.

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