Raymond Realty's Financial Setback: Profits Plummet Post-Demerger
Raymond Realty Ltd witnessed its net profit drop by half to Rs 17 crore in Q1 of this fiscal year, driven by decreased income. Comparatively, the same period last year saw a profit of Rs 34 crore. Total income also decreased by 21% year-over-year following the company's demerger.
- Country:
- India
Raymond Realty Ltd reported a steep decline in its net profit, which fell by approximately 50% to Rs 17 crore in the first fiscal quarter, dragged down by lower income figures.
In a recent investors' presentation, the company disclosed a 52% reduction in net profit, with figures dropping from Rs 34 crore in the corresponding quarter of the previous year. Additionally, total income dropped 21% to Rs 392 crore when measured against the previous year's numbers.
The company attributes these changes to the impacts of a demerger. Sales bookings have similarly suffered, declining significantly to Rs 306 crore for the June quarter of 2025-26 from Rs 611 crore in the same quarter last year. Raymond Realty recently debuted on the stock exchanges post-demerger from Raymond Ltd.
(With inputs from agencies.)
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