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Business Standard
14-05-2025
- Business
- Business Standard
Raymond just got lighter: share price adjusts for realty demerger
Raymond's share price plunged nearly 64% to Rs 556.45 as the stock turned ex-date for the demerger of its real estate arm, Raymond Realty. The record date for the demerger is set for Wednesday, 14 May 2025, to determine shareholder eligibility. As part of the arrangement, shareholders will receive one share of Raymond Realty for every share held in Raymond. The steep fall in Raymond's stock is not indicative of a sell-off but reflects the price adjustment due to the spinoff of its real estate vertical. Raymond Realty will now operate independently as a standalone listed entity. The demerger plan was first announced in July 2024 and received approval from the National Company Law Tribunal in March 2025. It officially came into effect on 1 May 2025. Post-demerger, investors will hold equity in both Raymond and Raymond Realty. Raymond Realty is expected to be listed on the stock exchanges in the second quarter of FY2025-26. The move is part of Raymond Groups broader strategy to unlock value by restructuring its operations into focused verticals. This marks the groups second major demerger, following the listing of Raymond Lifestyle in September 2024. During the Q4 quarter, the real estate business delivered a robust quarterly performance with a revenue of Rs 766 crore in Q4 FY25 from Rs 677 crore in Q4FY24 recording a growth of 13%. It reported an EBITDA of Rs 194 crore in Q4 FY25 from Rs 171 crore in Q4 FY24 and an EBITDA margin at 25.3% in Q4FY25. Raymond's real estate business signed two new Joint Development Agreements (JDAs) in Mahim and Wadala, with a combined Gross Development Value (GDV) of approximately Rs 6,800 crore. With these additions, the total potential revenue from the current real estate portfolio stands at nearly Rs 40,000 crore, comprising around Rs 25,000 crore from the Thane land parcel and approximately Rs 14,000 crore from the JDA-led model. In Q4 FY25, the business recorded a strong booking value of Rs 636 crore, driven primarily by sustained demand for projects such as The Address by GS 2.0, Invictus, and Park Avenue High Street Retail in Thane, as well as The Address by GS in Bandra under the JDA model. Additionally, the real estate segment has turned net cash surplus, reporting Rs 399 crore in cash. Raymond Group, a pioneer in fabric manufacturing since 1925, later expanded into sectors such as engineering and real estate. Following the demerger of its lifestyle business into a separate listed entity in 2024, and now its real estate division, Raymond is now focused on its core strengthengineering. The companys engineering business is a market leader in the production of files and hand tools, with a strong footprint in both domestic and international markets. With the recent acquisition of Maini Precision Products Limited (MPPL), Raymonds engineering arm is set to transform into a large-scale provider of components for engineering, automotive, electric vehicles (EV), aerospace, and defense sectors.
India Today
14-05-2025
- Business
- India Today
Raymond stock in spotlight as realty demerger takes effect. Check details
Raymond Ltd shares will be in focus on Wednesday, May 14, as the stock turns ex-date for the demerger of its real estate arm, Raymond Realty Ltd (RRL). The demerger was officially completed on May 1, and today marks the record date for identifying eligible shareholders who will receive equity shares in the newly carved-out per the approved scheme, Raymond shareholders will receive one equity share of Raymond Realty for every share held in Raymond. The standalone real estate company is expected to be listed during the September quarter of Realty has shown strong financial momentum. In the March quarter (Q4 FY25), it posted a revenue of Rs 766 crore, a 13% rise from Rs 677 crore in the same period last year. EBITDA also improved to Rs 194 crore from Rs 171 crore a year ago, with margins expanding to 25.3%. Operationally, the business continues to prioritise timely project delivery. During the quarter, it signed two new joint development agreements (JDAs) in Mahim and Wadala with a combined gross development value (GDV) of Rs 6,800 additions are seen as significant contributors to future growth and underscore Raymond Realty's expanding footprint in the Mumbai Metropolitan to the company, total revenue potential from its real estate portfolio now stands at approximately Rs 40,000 crore—Rs 25,000 crore from its Thane land parcel and Rs 14,000 crore from JDA-led Realty also recorded bookings worth Rs 636 crore in Q4, largely driven by strong demand for premium offerings such as The Address by GS 2.0, Invictus, Park Avenue – High Street Retail in Thane, and the Bandra JDA a cash surplus of Rs 399 crore, the demerged entity is entering its new phase on a strong financial footing.'This strategic separation reinforces our commitment to a pure-play model, unlocking value for shareholders and ensuring long-term sustainable growth,' said Chairman and Managing Director Gautam Hari Singhania. 'With the new JDAs, we now have six active projects outside Thane, further diversifying our real estate pipeline.'
Business Standard
13-05-2025
- Business
- Business Standard
Raymond slides as Q4 PAT slumps 40% YoY to Rs 137 crore
Raymond slipped 1.29% to Rs 1,553.70 after the company's consolidated net profit tumbled 40.17% to Rs 137.47 crore in Q4 FY25 as against Rs 229.79 crore posted in Q4 FY24. Total income soared 94.90% year on year (YoY) to Rs 601.4 crore in the quarter ended 31 March 2025. Profit before tax (PBT) declined 4.44% YoY to Rs 44.55 crore in Q4 FY25, comapared with Rs 46.62 crore in Q4 FY24. EBITDA stood at Rs 99 crore in Q4 FY25, registering a growth of 38% YoY, compared with Rs 72 crore in same quarter last year. EBTDA margin reduced to 16.4% in Q4 FY25 from 23.3% in Q4 FY24. The engineering segment reported sales of Rs 528 crore in Q4 FY25, up from Rs 234 crore in Q4 FY24, reflecting the contribution from the MPPL acquisition completed in March 2024. Despite this growth, the segment remained affected by weak export demand and ongoing geopolitical challenges. EBITDA margin for the quarter stood at 15.3%, slightly down from 15.8% in Q4 FY24, primarily due to changes in the product mix. Notably, the aerospace division saw a recovery in growth following the resolution of production issues at a major aircraft manufacturer. Raymond remains a net cash surplus company, holding Rs 263 crore in cash as of the end of Q4 FY25. The demerger of Raymond Realty (RRL) was completed on 1 May 2025. The record date has been set for 14 May 2025, to determine the eligible shareholders of Raymond (RL) who will receive equity shares of RRL, in accordance with the approved scheme of arrangement. As per the scheme, each shareholder of Raymond Limited will receive one equity share of Raymond Realty for every share held. During Q4 FY25, the real estate business posted a strong performance with revenue rising to Rs 766 crore, up 13% from Rs 677 crore in Q4 FY24. EBITDA increased to Rs 194 crore from Rs 171 crore in the same period last year, with the EBITDA margin improving to 25.3%. The company remains focused on timely project execution, continuing its track record of delivering ahead of schedulea key driver of enhanced customer trust and confidence. During the quarter, the company has signed two new Joint Development Agreements (JDAs) in Mahim and Wadala, with a combined gross development value (GDV) of approximately Rs 6,800 crore. These strategic additions are set to significantly contribute to our future growth and reinforce our position as a leading developer in the MMR region. With these new projects, the total potential revenue pipeline for our Real Estate business now stands at approximately Rs 40,000 crore. This includes around Rs 25,000 crore from our Thane land parcel and Rs 14,000 crore from our JDA-led developments. In Q4 FY25, we achieved a robust booking value of Rs 636 crore, driven by strong demand for key developments such as The Address by GS 2.0, Invictus, and Park Avenue High Street Retail in Thane, as well as The Address by GS in Bandra under our JDA portfolio. The Real Estate business continues to maintain a strong financial position and is now Net Cash Surplus with Rs 399 crore. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said; We are delighted to announce the successful demerger of our Real Estate business, which is expected to be listed in the Q2FY26. This strategic move emphasizes our commitment to drive sustainable growth via pure play business and further enhance shareholder value. We continue to expand our portfolio through the JDA route in this quarter, having signed two additional JDAs, in Mahim and Wadala aggregating to Rs 6,800 crore, with this now we have a total of six projects outside our Thane Land. On the Engineering business, we continue to remain highly optimistic about FY26 performance. The aerospace sector presents significant growth opportunities, and we are wellpositioned to leverage the same to deliver sustained value to our stakeholders. 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. Raymond Realty has cemented its position amongst the home buyers in MMR region. Raymonds engineering business is well known with its leadership position in manufacturing files and hand tools and has a significant presence in national and international markets.
