Raymond Limited reported strong financial results for the third quarter of FY25, delivering robust growth across its key business segments. The company’s revenue surged by 36% year-on-year (YoY) to ₹985 crore in Q3 FY25, compared to ₹727 crore in the same quarter last year. The growth was driven by its Real Estate and Engineering businesses, reinforcing Raymond’s diversified expansion strategy.
EBITDA for the quarter stood at ₹169 crore, marking a 33% YoY increase from ₹127 crore in Q3 FY24. The EBITDA margin for the quarter was 17.2%, slightly lower than 17.5% in the year-ago period. Profit before tax (PBT) before exceptional items rose 14% YoY to ₹100 crore in Q3 FY25 from ₹87 crore in Q3 FY24.
For the nine-month period ending December 31, 2024, revenue grew by an impressive 76% YoY to ₹3,084 crore, while EBITDA climbed 60% to ₹503 crore. The company maintained its status as a net cash surplus entity, with cash reserves of ₹696 crore available for future growth initiatives.
Strong Growth in Real Estate and Engineering Segments
Raymond Realty played a significant role in the company’s quarterly performance, posting revenue of ₹488 crore in Q3 FY25, reflecting an 11% YoY growth from ₹439 crore in Q3 FY24. The segment achieved a booking value of ₹505 crore, supported by strong demand for ‘The Address by GS 2.0’ and ‘TenX ERA’ projects, along with retail sales in Thane and Bandra.
The Engineering business contributed ₹433 crore to the revenue, benefiting from increased demand and stable operational efficiency.
Management Commentary and Outlook
Gautam Hari Singhania, Chairman & Managing Director of Raymond Limited, expressed confidence in the company’s sustained growth momentum. He highlighted the continued traction in high-street retail and real estate sales, along with promising growth opportunities in the aerospace sector for the Engineering business.
