Raymond Limited Reports Strong Q3 FY25 Performance with 36% Revenue Growth

Mumbai, January 30, 2025 – Raymond Limited (BSE: 500330, NSE: RAYMOND) has announced its financial results for the third quarter of FY25, demonstrating robust growth in revenue, profitability, and business expansion.

---

Key Financial Highlights (Q3 FY25)​

• The company achieved a record quarterly revenue of ₹985 crore, marking a 36% YoY growth.
• EBITDA stood at ₹169 crore, reflecting a 33% year-over-year increase and a margin of 17.2%.
• Net profit surged 75% YoY to ₹72 crore.

---

Segment-Wise Performance​

Real Estate​

• Revenue grew 11% YoY to ₹488 crore.
• EBITDA stood at ₹116 crore, reflecting a 19% YoY increase.
• EBITDA margin improved to 23.8%, an increase of 160 basis points.

Engineering​

• The segment saw a 100% YoY revenue growth to ₹433 crore.
• EBITDA surged 74% YoY to ₹52 crore.
• Performance was driven by high demand in the domestic market for flex plates, though softness in the auto components sector impacted export growth.

---

Operational Highlights​

• Cash surplus of ₹696 crore.
• Booking value of ₹505 crore in the real estate segment.
• Vertical demerger initiated for the real estate business.
• The engineering business restructuring was completed, and shareholder and creditor approval was received.

---

Management Commentary​

Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited, stated:

“We witnessed continued growth momentum in our Real Estate business during the quarter, with a strong booking value on account of the successful launch of a new residential tower and continued traction in high street retail shops on our Thane land. Additionally, we remain optimistic about the future of our Engineering business, particularly in the aerospace sector, where we foresee significant growth opportunities.”

Click to expand...

---

Strategic Outlook​

• Real Estate Business
  • Targeting 20-25% growth in booking value.
  • Expanding through a capital-light business model via Joint Development Agreements (JDA).
  • Additional JDA projects are under evaluation.
• Engineering Business
  • Focusing on growth in Aerospace & EV Components.
  • Expected recovery post resolution of production delays by a major aircraft manufacturer.

Raymond Limited remains net debt-free, positioning itself for sustained growth in its real estate and engineering segments.

---

This positive quarterly performance underscores Raymond’s strategic execution and resilience in navigating market conditions, reaffirming its strong growth trajectory.