Latest news with #GautamSinghania
NDTV
a day ago
- Automotive
- NDTV
Raymond CEO Gautam Singhania Seen Rolling In Modified BMW M2: Video
Gautam Singhania, CEO of Raymond, is known for his love for cars. The Indian billionaire was recently spotted driving a BMW M2 in Mumbai. The video shared by motorheadd on YouTube shows Gautam Singhania driving the performance sports car in a convoy of his security force. In the video, we can see the BMW M2 being led by a Mahindra Scorpio Classic with police personnel inside the security vehicle. While he was being followed by the other security vehicles in the fleet, including Toyota Fortuner and Scorpio, with 'Police' stickers all around the cars. Further, the short video also reveals a silver Mahindra Scorpio Classic with 'Police' decals on the side profile. BMW India launched the updated M2 in India at an ex-showroom price of Rs 1.03 crore. The 2-door, 4-seater performance sports coupe is powered by a 3.0-liter turbocharged petrol engine that churns out a peak power and torque output of 480 hp and 600 Nm. Gearbox options include an 8-speed automatic and a 6-speed manual. The 0-100 kmph sprint is achieved in 4 seconds with the automatic and 4.2 seconds with the manual transmission. The increased output shaves off 0.1 seconds from the 0-100 kmph time and an even more impressive 0.6 seconds from the 0-200 kmph time. While Gautam Singhania's BMW M2 may have a bunch of customisations, the standard version of the 2025 BMW M2 gets a redesigned AC vent layout, an M Alcantara steering wheel, and the latest OS8.5 system powering the touchscreen infotainment unit. Safety features include six airbags, Dynamic Stability Control, Anti-lock Braking System, Automatic Stability Control, M Dynamic Mode, and Cornering Brake Control.
Time of India
01-07-2025
- Business
- Time of India
Raymond Realty listing: Shares open below discovered price; brokerages still bullish on long-term prospects
Shares of Raymond Realty listed on the BSE at Rs 1,005 and on the NSE at Rs 1,000 on Tuesday, marking a weaker debut than the discovered price of Rs 1,039.30 on the NSE and Rs 1,031.30 on the BSE. Tired of too many ads? go ad free now According to ET, the listing followed the real estate arm's demerger from Raymond Ltd, giving shareholders one Raymond Realty share for every Raymond Ltd share held, thus directly exposing them to the group's property business for the first time. Brokerages remain bullish despite the lower-than-expected opening. As reported by ET, Ventura Securities has pegged a target price of Rs 1,383 per share based on FY28 DCF projections, while SBI Securities values the stock between Rs 897 and Rs 1,430 depending on valuation multiples. SBI has assigned a base case fair value of Rs 1,148, assuming a 10 per cent YoY EBITDA growth in FY26 and a 13x EV/EBITDA multiple. Raymond Realty's flagship operations are centred on a 100-acre land parcel in Thane, of which 40 acres with 4 million sq ft carpet area are under active development, holding an estimated revenue potential of Rs 9,000 crore. The remaining 60 acres will be developed over the next 6–8 years, potentially adding Rs 16,000 crore in revenue. Combined, the Thane land bank carries a Gross Development Value (GDV) of Rs 25,000 crore. The company has also expanded through six Joint Development Agreements (JDAs) across Mumbai in Bandra, Mahim, Sion and Wadala. The JDA portfolio is expected to generate Rs 14,000 crore in revenue, with the model allowing Raymond Realty to skip land acquisition costs and focus on execution, a strategy that keeps its balance sheet light. Tired of too many ads? go ad free now Around 40–45 per cent of future revenues are expected to come from JDA projects over the next seven years, rising to 70 per cent in the long term. According to news agency PTI, chairman and MD Gautam Singhania emphasised financial discipline amid heated real estate pricing, stating, 'I will do a deal only if it delivers on financial returns.' CEO Harmohan Sahni reinforced this approach, saying the firm will not sign projects unless profit margins are at least 20 per cent. Sahni revealed that out of 1,400 projects evaluated, only six were finalised. For FY25, Raymond Realty posted a 45 per cent YoY increase in revenue to Rs 2,313 crore and a 37 per cent rise in EBITDA to Rs 507 crore. However, EBITDA margin declined slightly to 21.9 per cent. In Q4FY25, revenue was Rs 766 crore, EBITDA stood at Rs 194 crore, and pre-sales fell 24 per cent YoY to Rs 636 crore due to no new launches. The company ended FY25 with a net cash surplus of Rs 395 crore, supported by Rs 585 crore in cash and equivalents and gross debt of Rs 190 crore. Over FY25–28, it projects a CAGR of 20 per cent in revenue, 17 per cent in EBITDA, and 15.9 per cent in net earnings, with EBITDA and net margins expected to remain steady at 20 per cent and 10.5 per cent, respectively. Raymond Realty also aims to maintain a net-debt-free status and a RoE of 16.2 per cent by FY28. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.)
New Indian Express
30-06-2025
- Business
- New Indian Express
Raymond Realty set for stock market debut; targets 20% margins, Rs 40,000-crore in upcoming projects
MUMBAI: Raymond Realty, which will begin public trading from Tuesday after a hiving off from the parent Raymond, and has a Rs 40,000-crore projects in the pipeline across seven projects, will not be taking up new projects if the margin is less than 20%, its top management has said. The shares of the Gautam Singhania-led Raymond, which is the oldest consumer brand with a century of presence, had announced a 1:1 share swap—which means a Raymond shareholder will get one each share in the realty arm upon hiving off/demerger from May 1 this year, rallied 14% on Monday a day head of the listing to Rs 711.70 on the BSE, whose benchmark declined 50 bps on profit booking. Brokerages are expecting the realty arm to open trading in the range of Rs 897 to Rs 1,430 (according to SBI Caps) and Rs 1,383, according to Ventura Securities. Raymond Realty will launch projects with a gross development value of Rs 6,000-10,000 crore, the management. The listing will leave the Raymond group with three listed entities—Raymond that is into apparel and textiles, Raymond Lifestyles and Raymond Realty. Group chairman and managing director Gautam Singhania said some of the recent realty deals have seen prices getting "heated up" and made it clear that financial discipline is of utmost importance for the six-year-old company which has been debt-free since FY2024. "I will do a deal only if it delivers on financial returns," Singhania told reporters on the eve of the realty arm's listing. His chief executive Harmohan Sahni chipped in saying 'they will look at only those projects which can deliver profit margins of over 20%.' Typically, Raymond Realty looks at using own land bank or redevelopment or greenfield projects starting with land acquisition or joint developments to launch profits, Sahni said. He said the company has looked at 1,400 projects till now, and signed on only six of them. The management also denied there being any dearth of land or projects. The company is sitting over 100 acres of land bank, they added.
Time of India
30-06-2025
- Business
- Time of India
Raymond Realty to sign up project only if profit margin is 20 pc
Raymond Realty will not sign up development deals if it doesn't see profit margins of at least 20 per cent, the company's top officials said on Monday. The entity, which is slated to debut on bourses on Tuesday, will launch projects with a gross development value of Rs 6-10,000 crore, they said. Raymond group chairman and managing director Gautam Singhania acknowledged that recent deals have witnessed prices getting "heated up" but made it clear that financial discipline is of utmost importance for the company. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo "I will do a deal only if it delivers on financial returns," Singhania told reporters on the eve of the company's listing. He said some of the recent deals are so "heated" that even a gambler will not place any bets on them. Live Events The company's chief executive Harmohan Sahni specified that it will not look at projects only if they deliver profit margins of over 20 per cent. Typically, it looks at using own land bank or redevelopment or greenfield projects starting with land acquisition or joint developments to launch profits. He said the company has looked at 1,400 projects till now, and signed on only six of them. The management also denied there being any dearth of land or projects. Singhania said the realty arm is targeting a topline growth of 15 per cent, and an operating profit margin of 20 per cent. Typically, the company will launch projects where units will sell between Rs 1-5 crore, though it may sell some projects with higher ticket sizes.
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Business Standard
30-06-2025
- Business
- Business Standard
Raymond, Raymond Lifestyle zoom up to 16% on heavy volume; here's why
Raymond, Raymond Lifestyle share prices rise Shares of Raymond and Raymond Lifestyle moved higher by 16 per cent on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise weak market. Raymond Lifestyle stock surged 16 per cent to ₹1,413.95 on the back of eight-fold jump in average trading volumes. A combined nearly 4 million shares changed hands on the NSE and BSE. Raymond soared 15 per cent to ₹718.05, with average trading volumes seeing a jump of over 15-fold. A combined 9.3 million shares changed hands on the NSE and BSE. In comparison, the BSE Sensex was down 0.65 per cent or 543 points at 83,515 at 02:06 PM. Meanwhile, the share price of Raymond has zoomed 67 per cent and Raymond Lifestyle by 64 per cent from their respective 52-week lows touched on April 7, 2025. Listing of Raymond Realty Gautam Hari Singhania, Chairman & Managing Director, Raymond last month said that Real Estate business is expected to be listed in the Q2FY26. The demerger of Raymond Realty was completed on May 1, 2025. According to the scheme of arrangements, each shareholder of Raymond was to receive one share of Raymond Realty for every share held in Raymond. Gautam Singhania, CMD, Raymond unveils—Raymond 2.0— strategy Going forward, Raymond 2.0 will be anchored on three powerful pillars that will define the Group's future: Lifestyle, Real Estate, and Engineering. The Group's three pronged strategy - Strengthen the Core in branded textiles, Accelerate the Growth in apparel and garmenting, and Build the New across ethnic wear, innerwear, and sleepwear - positions us to capture the entire spectrum of the modern Indian consumer's needs, Gautam Singhania said. Raymond Realty stands as the crown jewel of Group's transformation - a net debt-free, pure-play real estate entity that has rapidly ascended to become one of the Top 5 developers in the Mumbai Metropolitan Region (MMR). Going forward, with a significant development pipeline, Raymond Realty is perfectly positioned to tap into India's urban renaissance. Today, as global supply chains shift and the China+1 strategy accelerates, Raymond is uniquely positioned to capitalize on this once-in-a-generation opportunity. The Group's engineering prowess spans across critical high-growth sectors - aerospace, defence, and automotive - where our execution capabilities for precision, reliability, and innovation are unmatched. 'This diversified portfolio, combined with proven execution capabilities, deep global partnerships and relentless focus on technological advancement, uniquely positions us to increase our order book and sustain high double-digit growth,' Gautam Singhania said. About Raymond Raymond Group has been a pioneer and leader in fabric manufacturing, since 1925, and then forayed into other sectors such as engineering business and Real Estate. After demerging its Lifestyle Business into a separate listed entity in the year 2024, Raymond Limited now has two core businesses, Real Estate and Engineering. Raymond Realty has carved its position in Real Estate sector by leaps and bounds and today is amongst the top 10 Real Estate players in the country. Raymond Realty has cemented its position amongst the home buyers in MMR region. Raymond's engineering business is well known for its leadership position in manufacturing files and hand tools and has a significant presence in national and international markets. With the acquisition of Maini Precision Products Limited (MPPL) Raymond's engineering business will emerge as a large‐scale provider of Engineering, Automotive, EV, Aerospace & Defense components, distinctly positioned to target high‐growth precision engineering products with a significant presence across international as well as domestic markets.
