Raymond Ltd shares opened at ₹530 on May 14, 2025, against its previous close of ₹1561.30.
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.
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 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.
Read More: BEML Interim Dividend of ₹15 Record Date Tomorrow, May 15, 2025.
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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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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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