Latest news with #HarmohanSahni
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Business Standard
13 hours ago
- Business
- Business Standard
Raymond Realty to launch ₹14,000 cr projects in FY26, listing on July 1
Raymond Realty will launch six residential projects this fiscal in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 crore as the company looks to expand the property business amid strong demand. In an interview with PTI, Raymond Realty CEO Harmohan Sahni announced that the company will get listed on stock exchanges on July 1, post demerger of the real estate vertical from Raymond Ltd, which will now focus on just the engineering vertical. The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business. Sahni highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR). "In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said. "The total gross development value (GDV) of about Rs 40,000 crore is what our portfolio looks like today. Out of that Rs 10,500 crore worth of projects have already been launched," he added. Sahni said the remaining projects would be launched in the coming years. Asked about the pipeline for the current fiscal, Sahni said the company will launch six projects in MMR this fiscal with sales bookings potential of around Rs 14,000 crore. The company will offer housing units in a price range of Rs 2 crore to Rs 20 crore in the upcoming projects. Sahni said the company is focusing a lot on quality and timely completion of projects. Since its inception, Raymond Realty has completed two housing projects, while six projects are under construction. Mumbai-based Raymond Realty, one of the leading real estate firms in the country, sold properties worth Rs 2,314 crore last fiscal as against Rs 2,268 crore in the preceding year. Raymond Realty's revenue rose 45 per cent to Rs 2,313 crore in 2024-25 from Rs 1,593 crore in the preceding year. Sahni said the company is exploring acquiring more land parcels in MMR under joint development agreements (JDAs) with landowners. It also wants to enter the Pune residential market under the JDA model. On the upcoming listing of Raymond Realty, the company said the demerger scheme has become effective from May 1, 2025, and the record date is May 14, 2025, for the purpose of determining the eligible shareholders of the demerged company, Raymond Ltd. According to the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Ltd. 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 2024, Raymond Ltd is now carving out the real estate vertical into a separate listed entity. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
14 hours ago
- Business
- Time of India
Raymond Realty to launch Rs 14,000 cr worth housing projects in FY26, fixes July 1 for listing on bourses
Raymond Realty will launch six residential projects this fiscal in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 crore as the company looks to expand the property business amid strong demand. In an interview with PTI, Raymond Realty CEO Harmohan Sahni announced that the company will get listed on stock exchanges on July 1, post demerger of the real estate vertical from Raymond Ltd , which will now focus on just the engineering vertical. The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Sahni highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR). "In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said. Live Events "The total gross development value (GDV) of about Rs 40,000 crore is what our portfolio looks like today. Out of that Rs 10,500 crore worth of projects have already been launched," he added. Sahni said the remaining projects would be launched in the coming years. Asked about the pipeline for the current fiscal, Sahni said the company will launch six projects in MMR this fiscal with sales bookings potential of around Rs 14,000 crore. The company will offer housing units in a price range of Rs 2 crore to Rs 20 crore in the upcoming projects. Sahni said the company is focusing a lot on quality and timely completion of projects. Since its inception, Raymond Realty has completed two housing projects, while six projects are under construction. Mumbai-based Raymond Realty, one of the leading real estate firms in the country, sold properties worth Rs 2,314 crore last fiscal as against Rs 2,268 crore in the preceding year. Raymond Realty's revenue rose 45 per cent to Rs 2,313 crore in 2024-25 from Rs 1,593 crore in the preceding year. Sahni said the company is exploring acquiring more land parcels in MMR under joint development agreements (JDAs) with landowners. It also wants to enter the Pune residential market under the JDA model. On the upcoming listing of Raymond Realty, the company said the demerger scheme has become effective from May 1, 2025, and the record date is May 14, 2025, for the purpose of determining the eligible shareholders of the demerged company, Raymond Ltd. According to the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Ltd. 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 2024, Raymond Ltd is now carving out the real estate vertical into a separate listed entity.
Time of India
26-05-2025
- Business
- Time of India
Luxury real estate shows signs of slowing down, but strong developers hold the inventory
Harmohan Sahni, the CEO of Raymond Realty, recently shared insights on the state of the real estate market in a Q4FY25 investors call. He pointed out that while the luxury segment shows signs of fatigue, the premium market where they operate remains strong. Tired of too many ads? go ad free now It's like that once-loved shirt you wear a bit too often; it's still stylish, but maybe it's time for a wash. The luxury real estate scene, while less populated and showcasing high inventory levels, has inventory mainly in the hands of reliable developers, according to Sahni. What's happening in luxury real estate? "My personal view is that on the luxury side, there's some kind of tiredness, " Sahni explained. He reiterated that the current luxury market remains smaller, with fewer players participating actively. Despite this lull, the good news is that the inventory is in capable hands, which matters a lot during such slowdowns. When Sahni discussed various market segments, he highlighted the steady demand for premium real estate. "We are playing in deep markets, so volumes are very, very strong,' he said, showing confidence in their ongoing projects. What about growth and competition? Thane, a rapidly developing area near Mumbai, continues to thrive despite fierce competition. Sahni noted, "As the market has expanded, so has our share, " which is quite heartening for potential homeowners looking for stable investment choices. Raymond Realty has been actively introducing new projects, including significant developments in areas like Mahim and Wadala. Their push into the Pune market is also on the cards, looking to tap into the growing demand. "The residential segment is a massive opportunity—after all, in a country like India, everyone aspires to own a home, " he remarked. Tired of too many ads? go ad free now It's a well-known fact but worth remembering, especially with the right products targeting the right buyers. With about six or seven major markets contributing to 70-80% of the national market value, establishing a strong position in these areas is crucial. The Mumbai Metropolitan Region (MMR) stands out as a significant player, and getting a foothold there is part of the plan. Interestingly, Sahni clarified that Raymond isn't looking at the luxury or very affordable segments; instead, they are focusing on what he described as "affordable luxury. " It's like looking for a good quality mid-range phone rather than a flagship model—offering better value without going into the super-luxury territory. Since entering the real estate game in 2019 with their first project in Thane, Raymond Realty has progressively built its brand, launching projects like 'The Address by GS' in Bandra and solidifying its presence over the past few years.
Yahoo
15-05-2025
- Business
- Yahoo
Raymond Ltd (BOM:500330) Q4 2025 Earnings Call Highlights: Strong Real Estate Growth and ...
Total Income (Continuing Operations): ?601 crore in Q4 FY25; ?2,105 crore for FY25. EBITDA (Continuing Operations): ?99 crore in Q4 FY25; ?335 crore for FY25. EBITDA Margin (Continuing Operations): 16.4% in Q4 FY25; 15.9% for FY25. Engineering Business Sales: ?528 crore in Q4 FY25. Engineering Business EBITDA: ?81 crore in Q4 FY25. Engineering Business EBITDA Margin: 15.3% in Q4 FY25. Net Cash Surplus: ?263 crore as of March 2025. Gross Debt: ?677 crore as of March 2025. Cash and Cash Equivalents: ?940 crore as of March 2025. Real Estate Revenue: ?766 crore in Q4 FY25, a 13% growth from Q4 FY24. Real Estate EBITDA: ?194 crore in Q4 FY25, a 13% growth from Q4 FY24. Real Estate EBITDA Margin: 25.3% in Q4 FY25. Real Estate Bookings: ?636 crore in Q4 FY25. Real Estate Net Cash Surplus: Close to ?400 crore as of March 2025. Warning! GuruFocus has detected 3 Warning Signs with BOM:500330. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Raymond Ltd (BOM:500330) reported a strong quarterly performance with a total income of ?601 crore and an EBITDA of ?99 crore, achieving a margin of 16.4% in Q4 FY25. The company successfully demerged its real estate business, positioning Raymond Realty as an independent entity, which is expected to pursue its growth trajectory. Raymond Ltd remains a net debt-free business with a net cash surplus of ?263 crore as of March 2025. The real estate segment reported a 13% year-on-year growth in revenue, reaching ?766 crore in Q4 FY25, with an EBITDA margin of 25.3%. The aerospace business is showing promising signs of recovery, with anticipated growth momentum following the resolution of production issues faced by major aircraft manufacturers. Export markets for the auto ancillary and engineering consumable segments remain subdued due to the ongoing slowdown in the European automotive market and disruptions caused by the Red Sea shipping crisis. The Indian economy's growth rate in Fiscal 2025 was slightly lower than the previous year, which could impact overall market dynamics. Recent policy changes have introduced uncertainty impacting markets worldwide, posing challenges for strategic decision-making. The auto sector component segment is experiencing recent softness due to weaker market conditions, which may impact near-term growth. The real estate market faces potential delays in project launches due to approval processes and legal constraints, particularly in the Mumbai metropolitan region. Q: What are the peak funding requirements for the Realty division's Joint Development Agreements (JDAs), and how do the construction funding rates compare to other developers? A: Harmohan Sahni, CEO - Realty: The peak funding requirement for each JDA ranges between ?250 crore to ?400 crore, depending on the project. Amit Agarwal, Group CFO: The interest rates for construction funding are between 8% to 9.9%, which are competitive due to the company's good credit rating. Q: How does Raymond Ltd plan to manage contractor capacity for its projects? A: Harmohan Sahni, CEO - Realty: The contracting process is competitive, with bids from various contractors. While we have used some initial contractors, we also engage smaller contractors for parts of the work. Future contracts will continue to be awarded based on competitive bidding. Q: What is the launch pipeline for JDAs in the current year, particularly in Thane and other areas? A: Harmohan Sahni, CEO - Realty: We plan to launch a few projects in Q3 and Q4, with a possible launch in Thane during Q2. No launches are scheduled for Q1 due to it being a typically low period. Q: How have residential real estate sales trended recently, and are there any signs of market softening? A: Harmohan Sahni, CEO - Realty: Sales were strong in March, compensating for slower months in January and February. April and May have been business as usual, with a temporary dip due to geopolitical tensions, but inquiries have resumed following recent developments. Q: What is the outlook for the aerospace and automotive markets in the coming year? A: Gautam Singhania, Executive Chairman: The aerospace market is recovering well, with Boeing resuming production. The automotive market is mixed, with stronger performance in India compared to overseas. Despite geopolitical challenges, the overall outlook remains positive. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
