Marking a healthy improvement in its performance over the last year, Raymond has registered a 115 per cent year-on-year (YoY) growth in its revenue in the second quarter of the current financial year (Q2FY25). As per the unaudited financial results of the company, the revenue in Q2FY25 has increased to Rs 1,101 crore from Rs 512 crore in Q2FY24.
As per the company, the revenue in the first half of the current financial year (H1FY25) was Rs 2,099 crore, up from Rs 1,029 crore in H1FY24, witnessing a 104 per cent YoY growth. The earnings before interest, tax, depreciation and amortisation (EBITDA) of the company were recorded at Rs 172 crore in Q2FY25 as compared to Rs 98 crore in Q2FY24.
The EBITDA for H1FY25 was Rs 334 crore, up from Rs 187 crore in H1FY24, registering a 78 per cent YoY increase. The EBITDA margin was 15.6 per cent during the recently concluded quarter as compared to 19.2 per cent during the same quarter a year ago. The profit before tax (PBT) stood at Rs 103 crore in Q2FY25. The same was Rs 72 crore in Q2FY24.
“We witnessed good momentum both in Real Estate and Engineering businesses. With the launch of Park Avenue- High Street Reimagined, the first-of-its-kind retail space in Thane, Raymond Realty has taken yet another pioneering step to create the aspirational ecosystem for its current and upcoming residential projects. The project execution remains our USP as our endeavour is to continue to deliver before RERA timelines,” stated Gautam Hari Singhania, Chairman and Managing Director, Raymond.
Real Estate business recorded revenue of Rs 571 Cr with a growth of 135 per cent YoY growth with a strong booking value of Rs 562 Cr in Q2 FY25. Engineering business recorded a revenue of Rs 443 Cr (Including MPPL) with a YoY growth of 121 per cent in Q2FY25. Revenue for Q2 FY25 includes revenue from MPPL of Rs 225 Cr, which was acquired in March 2024. The segment delivered an EBITDA margin of 11.0 per cent in Q2 FY25.