Raymond Realty Share Price Hits 20% Upper Circuit With Highest-Ever Volume; Is a Turnaround Taking Shape?

Raymond Realty Share Price Hits 20% Upper Circuit; Q4 Net Profit Rises 44% YoY

Raymond Realty share price hit the upper circuit of 20 per cent on Wednesday, May 6, 2026, after the company reported its Q4FY26 and FY26 performance. This marked the sharpest single-day jump for the stock. Trading activity also saw a strong surge, with volumes on the NSE rising to 1.26 crore shares, nearly 15 times its 30-day average volume of 8.42 lakh shares.

The stock reaction came after Raymond Realty reported higher income, profit and pre-sales for the quarter ended March 31, 2026. The company filed its investor presentation with the exchanges on May 5, 2026, covering audited standalone and consolidated financial results for Q4FY26 and FY26.

Raymond Realty Hits 20% Upper Circuit on Record Volumes: Key Factors Driving the Stock Higher

Q4FY26 Raymond Realty Performance

For Q4FY26, Raymond Realty reported total income of Rs 1,176 crore, up 53 per cent from Rs 770 crore in Q4FY25. Revenue from operations stood at Rs 1,157 crore, compared with Rs 766 crore in the same quarter last year, registering a growth of 51 per cent.

EBITDA rose 49 per cent year-on-year to Rs 253 crore from Rs 170 crore. However, EBITDA margin stood at 21.5 per cent, slightly lower than 22.1 per cent reported in Q4FY25.

Profit before Tax increased 34 per cent to Rs 206 crore from Rs 154 crore in the year-ago quarter. Net profit came in at Rs 161 crore, up 44 per cent from Rs 112 crore in Q4FY25.

FY26 Financials of Raymond Realty

For FY26, Raymond Realty reported total income of Rs 3,039 crore, up 29 per cent from Rs 2,351 crore in FY25. Revenue from operations increased to Rs 2,991 crore from Rs 2,320 crore, also reflecting 29 per cent year-on-year growth.

EBITDA stood at Rs 495 crore in FY26, compared with Rs 437 crore in FY25, marking a growth of 13 per cent. EBITDA margin declined to 16.3 per cent from 18.6 per cent in the previous year.

Profit before tax was largely stable at Rs 375 crore, compared with Rs 370 crore in FY25. Net profit rose 11 per cent year-on-year to Rs 305 crore from Rs 274 crore.

The company has clarified that these figures are presented on a like-to-like basis after the demerger. The comparison includes historical performance of Raymond Realty Division of Raymond Limited before its demerger on April 1, 2025, and is provided only for ease of comparison.

Pre-Sales Cross Rs 3,000 Crore

Raymond Realty recorded pre-sales of Rs 1,519 crore in Q4FY26, compared with Rs 636 crore in Q4FY25, reflecting a 139 per cent year-on-year rise. For FY26, pre-sales stood at Rs 3,023 crore, compared with Rs 2,314 crore in FY25, up 31 per cent.

Customer collections stood at Rs 515 crore in Q4FY26 and Rs 1,725 crore for FY26. The company said pre-sales were supported by demand across ongoing and newly launched projects.

New Launches Support Growth

During the quarter, Raymond Realty launched The Address by GS in Wadala in January 2026 and The Address by GS in Sion in March 2026 under its JDA portfolio. In Thane, the company launched TenX District 9 and Park Street high-street retail in March 2026.

The Wadala project has a total RERA carpet area of around 1.4 million square feet and was around 30 per cent sold. The Sion project has a total RERA carpet area of around 0.4 million square feet and was around 4 per cent sold. TenX District 9 has a RERA carpet area of around 0.8 million square feet and was around 12 per cent sold. Park Street commercial retail was around 73 per cent sold.

Portfolio Potential at Rs 42,000 Crore

Raymond Realty’s current portfolio includes its 100-acre land Bank in Thane and seven signed joint development agreement projects. The company has estimated total potential revenue of around Rs 42,000 crore from this portfolio.

The Thane land bank has an estimated potential revenue of around Rs 25,000 crore. The JDA portfolio has a gross development value of around Rs 17,000 crore and includes projects across Bandra, BKC, Wadala, Sion, Mahim and Kandivali.

According to the company, JDA projects accounted for 56 per cent of annual pre-sales in FY26, two years ahead of schedule. For FY27, Raymond Realty plans to launch two new projects on its own land in Thane and two new JDA projects in Mumbai.

Debt and Cash Flow Position

As of Q4FY26, Raymond Realty reported gross debt of Rs 1,014 crore and gross cash of Rs 358 crore, resulting in net debt of Rs 656 crore.

The company reported pending collections of Rs 4,000 crore from sold inventory and estimated value of unsold inventory at Rs 14,098 crore. Total estimated collections from launched projects stood at Rs 18,098 crore, against remaining estimated project cost of Rs 9,573 crore. Based on this, the company estimated surplus from project cash flow at Rs 8,526 crore.

Raymond Realty’s Outlook

Raymond Realty’s FY26 performance was led by strong pre-sales, new launches and higher revenue recognition. The company’s strategy remains focused on the MMR and Pune markets, product-led positioning and an asset-light JDA-led business model.

The sharp move in Raymond Realty share price on Wednesday indicates strong market interest after the results. However, investors may continue to track execution progress, sales momentum in newly launched projects, debt movement and cash flow generation from ongoing projects.

Disclaimer: The article is for informational purposes only and not investment advice.