Raymond Realty Q1FY27 results: revenue up 38% in 2026

Key takeaway from Raymond Realty’s June-quarter update

Raymond Realty Limited (NSE: RAYMONDREL) reported a sharp year-on-year rise in revenue and operating profit for Q1FY27, alongside a strong jump in bookings. But net profit fell, with multiple reports attributing the decline to higher operating expenses and pressure on profit-before-tax (PBT) margins. The company’s Board approved unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. After the results, Raymond Realty shares slipped sharply, with reports pegging the fall at around 8% to nearly 11%.

What the company reported for Q1FY27

For Q1FY27, revenue from operations was reported at ₹526.67 crore to ₹527 crore, up about 38% from ₹380.5 crore to ₹381 crore in Q1FY26. Total income (consolidated) was reported at ₹535.71 crore (also cited as ₹536 crore), rising 37% year-on-year from ₹391.86 crore (₹392 crore).

On operating performance, EBITDA was reported at ₹70 crore for Q1FY27 versus ₹41 crore in Q1FY26, an increase of about 70% to 71%. EBITDA margin was cited at around 13% in Q1FY27 versus 11% a year earlier, indicating a 2 percentage point improvement. Separately, some market reports cited EBITDA of ₹61.2 crore versus ₹29.8 crore and an EBITDA margin of 11.6% versus 7.8% for the year-ago period.

Profit decline despite higher revenue

Raymond Realty’s consolidated net profit for Q1FY27 was reported at ₹13.43 crore, down 18.6% to 19% year-on-year from ₹16.50 crore to ₹16.5 crore. One report also noted that earnings per share (EPS) declined to ₹2.02 from ₹2.48 in the year-ago quarter.

Profit-before-tax (before exceptional items) was reported at ₹15 crore in Q1FY27 compared with ₹21 crore in Q1FY26, a decline of 29%. PBT margin (before exceptional items) was reported at 2.8% versus 5.4% in Q1FY26, highlighting margin compression even as topline expanded.

Expenses, cost line items, and interest burden

A key thread across reports was higher expenses in the June quarter. Total expenses were reported at ₹520.54 crore, up 40.53% year-on-year. Cost of land, property development, construction and other costs was reported at ₹413.86 crore, up 62.27% year-on-year.

Interest expense was also highlighted as a rising line item, reported at ₹47 crore for Q1FY27 versus ₹15 crore in Q1FY26. The combination of higher operating costs and a higher interest burden provides important context for why profit fell even as revenue and EBITDA improved.

Bookings and pre-sales: the biggest operational highlight

The company reported a booking value (also described as pre-sales) of ₹700 crore in Q1FY27, up 129% year-on-year from ₹306 crore in Q1FY26. The same ₹700 crore booking value was also reiterated in the Raymond Realty Q1 2027 earnings call dated August 10, 2026.

Collections were reported at ₹550 crore in Q1FY27, rising 47% year-on-year from ₹374 crore in Q1FY26. The bookings and collections numbers stood out as key operating indicators alongside the financial results, and were repeatedly cited as evidence of healthy demand and execution.

Timeline: results, filing, and earnings call

Raymond Realty reported its unaudited financial results for the quarter ended June 30, 2026, in early August. Reports referenced the company’s announcement on August 7 and August 8. The earnings call cited in the provided material is dated August 10, 2026.

The stock reaction was also tied to August 10 (Monday), with reports stating the share price fell around 11% after the company reported a near 19% decline in net profit. Another report described a fall of about 8% following Q1 earnings that showed profitability pressure despite higher total income.

Snapshot of key reported metrics

Market impact: why the stock fell despite revenue growth

The immediate market reaction appeared to focus on profitability rather than the topline or bookings momentum. Reports said the stock fell sharply after the company posted a year-on-year decline in net profit and lower PBT margins. At the same time, a rapid rise in total expenses and higher interest expense were specifically called out as factors pressuring earnings.

Even with improved EBITDA and higher EBITDA margin in the company’s disclosure, the net result for equity investors was a profit decline. That combination often leads to volatility after results, particularly when the market expects operating leverage to translate into higher net profit.

Analysis: reading the quarter through three lenses

First, scale growth was clear, with revenue from operations rising about 38% year-on-year and total income up 37%. Second, operating indicators were strong, with booking value up 129% and collections up 47%, suggesting healthy sales traction and cash collection during the quarter.

Third, profitability at the bottom line weakened. Higher total expenses, a steep rise in project-related costs, and a higher interest expense line were all cited in the provided reporting. The reported fall in PBT and the decline in PBT margin to 2.8% from 5.4% help explain why net profit fell even in a quarter that showed higher revenue and EBITDA.

Conclusion

Raymond Realty’s Q1FY27 numbers showed strong year-on-year growth in revenue, EBITDA, and booking value, but net profit declined amid higher costs and lower PBT margins. The sharp share-price fall of around 8% to nearly 11% after the results reflected this mix of positives and profitability concerns. Investors are likely to track subsequent disclosures closely for how costs, interest expense, and margins evolve after the quarter ended June 30, 2026.